Octal Credit Capital appoints two independent directors

Octal Credit Capital Limited has appointed Mukul Jain and Sweta Agarwal as Additional Directors, designated as Independent Directors. The decision was approved by the Board of Directors during its meeting held on May 21, 2026. These appointments are subject to the approval of the shareholders and other necessary statutory approvals.

Details of Appointments

The newly appointed directors will serve a five-year term commencing from May 21, 2026. The company has disclosed that neither director holds any equity shares in the entity at present. The appointments align with the requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Profiles

Mukul Jain brings nearly 12 years of experience in corporate finance and corporate strategy, having held leadership roles in various organizations. He holds a Bachelor of Commerce (Honours) degree. Sweta Agarwal is a qualified Company Secretary with over a decade of experience. Her expertise lies in Corporate Law, Compliances, and the finance sector.

Name	DIN	Qualifications	Experience	Shareholding
Mukul Jain	06900282	Bachelor of Commerce (Honours)	12 years in corporate finance and strategy	Nil
Sweta Agarwal	11247147	Company Secretary	10+ years in Corporate Law and Compliances	Nil

The company confirmed that both appointees are not debarred from holding the office of director by any order of SEBI or other regulatory authorities. The necessary disclosures regarding the relationship between directors have been submitted as NIL.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.95%	-0.95%	-13.59%	-2.84%	-12.47%	+322.92%

Octal Credit Capital Limited has intimated the resignation of two independent directors from its board. Mr. Shambhu Nath Jajodia and Mr. Bijay Kumar Bagri have stepped down from their positions effective May 21, 2026. The company disclosed this information in a regulatory filing.

Resignation Details

The resignations were submitted to the Board of Directors on May 20, 2026, and were accepted effective the following day. Both directors resigned from the board as well as from various committees of the company. The company confirmed that the resignations were due to personal reasons and pre-occupation elsewhere, respectively.

Director Name	Reason for Resignation	Effective Date
Mr. Shambhu Nath Jajodia	To pursue other interests	May 21, 2026
Mr. Bijay Kumar Bagri	Pre-occupation elsewhere	May 21, 2026

Director Statements

In his resignation letter, Mr. Shambhu Nath Jajodia stated that he wished to move on to pursue interests that would not allow him to do justice to his role on the board. He expressed appreciation for the opportunity to work with the board and management team. Mr. Jajodia confirmed that there were no material reasons for his resignation other than those mentioned in his letter.

Mr. Bijay Kumar Bagri cited pre-occupation elsewhere as the reason for his departure, noting that he would be unable to tender his responsibilities towards the company. He also confirmed that there were no material reasons other than the one stated for his resignation from the board and its committees.