Optimus Finance appoints Kheradia as director, new auditor
- Optimus Finance appoints Ramesh Kheradia as additional non-executive independent director
- Divya Zalani reappointed as independent director for second five-year term
- Ambalal M. Shah & Co. appointed as statutory auditor to fill casual vacancy
- Audit and Nomination committees reconstituted following board changes

*this image is generated using AI for illustrative purposes only.
Optimus Finance Limited approved the appointment of Mr. Ramesh Kheradia as an additional non-executive independent director and M/s. Ambalal M. Shah & Co. as statutory auditor during its board meeting held on August 26, 2026.
The board also reappointed Ms. Divya Zalani as an independent director for a second term. These appointments are subject to shareholder approval at the ensuing 35th Annual General Meeting (AGM).
Director Appointments
The Nomination and Remuneration Committee recommended the appointment of Mr. Ramesh Kheradia, aged 70, effective August 26, 2026. He is not liable to retire by rotation. The company confirmed he is not debarred from holding office under SEBI orders or Section 164 of the Companies Act, 2013.
Mr. Kheradia is a fellow member of the Institute of Company Secretaries of India and a law graduate with over 30 years of experience in corporate laws, foreign exchange management, and SEBI regulations.
Ms. Divya Zalani was reappointed for a five-year term from December 31, 2026, to December 30, 2031. She holds a Bachelor of Commerce degree and is a Chartered Accountant with experience in taxation, audit, and financial management.
Auditor Appointment
The Audit Committee recommended M/s. Ambalal M. Shah & Co., Chartered Accountants, to fill the casual vacancy caused by the resignation of M/s. Shah Mehta and Bakshi. The new appointment is effective August 26, 2026, until the conclusion of the 35th AGM.
The board also proposed appointing them for a five-year term from FY27 to FY31, pending shareholder approval. The firm, established in 1953 and based in Vadodara, holds a Peer Review certificate and is registered with the Western India Regional Council of the Institute of Chartered Accountants of India.
Committee Reconstitution
Consequent to the changes in board composition, the company reconstituted its Audit Committee and Nomination and Remuneration Committee effective August 26, 2026.
Audit Committee Composition
| Name of Director | Designation | Category |
|---|---|---|
| Ms. Divya Zalani | Chairperson | Non-Executive Independent Director |
| Mr. Dipak Raval | Member | Whole Time Director |
| Mr. Vinay Pandya | Member | Non-Executive Independent Director |
| Mr. Ramesh Kheradia | Member | Additional Non-Executive Independent Director |
Nomination and Remuneration Committee Composition
| Name of Director | Designation | Category |
|---|---|---|
| Ms. Divya Zalani | Chairperson | Non-Executive Independent Director |
| Mr. Vinay Pandya | Member | Non-Executive Independent Director |
| Mr. Ramesh Kheradia | Member | Additional Non-Executive Independent Director |
The board meeting commenced at 6:10 pm and concluded at 7:30 pm.
Historical Stock Returns for Optimus Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -6.34% | -6.40% | +11.05% | +26.38% | +26.38% | +26.38% |
How might Mr. Kheradia's extensive expertise in SEBI regulations and corporate law influence Optimus Finance's compliance strategy and risk management framework?
What strategic rationale could explain the board's decision to appoint a new statutory auditor, Ambalal M. Shah & Co., following the resignation of the previous firm, Shah Mehta and Bakshi?
Could the reconstitution of the Audit and Nomination & Remuneration Committees signal upcoming changes in executive compensation policies or governance oversight at Optimus Finance?

































