Real Touch Finance CFO Anandakumar resigns to join board

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Reviewed by
Naman SScanX News Team
Key Highlights

Angalappan Anandakumar resigns as CFO effective August 31, 2026. He is proposed as Managing Director pending regulatory approvals. Company cites no other material reasons for the resignation. Disclosure made under SEBI LODR Regulation 30.

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Real Touch Finance has accepted the resignation of Angalappan Anandakumar from the post of Chief Financial Officer, effective August 31, 2026. The company disclosed that Anandakumar is proposed for appointment as Managing Director, subject to requisite regulatory and statutory approvals.

The intimation was issued on August 25, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III and SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Resignation Details

According to the filing, Anandakumar confirmed there are no material reasons for his departure other than those stated in his resignation letter. The transition involves a shift from a key financial oversight role to a broader executive leadership position within the same organization.

Detail Information
Employee Name Angalappan Anandakumar
Current Role Chief Financial Officer
Proposed Role Managing Director
Effective Date August 31, 2026
Reason Proposed appointment as Managing Director

The company secretary, Varsha Gupta, signed the communication to the BSE Limited, requesting the exchange to take the information on record. Anandakumar expressed gratitude to the Board of Directors and management for their support during his tenure as CFO.

Historical Stock Returns for Real Touch Finance

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%-10.42%-0.99%-3.88%-0.99%+499.11%

Who has been appointed as the interim or permanent successor to the CFO role, and what is their background?

How might Angalappan Anandakumar's transition from CFO to Managing Director impact Real Touch Finance's strategic financial planning and capital allocation decisions?

What specific regulatory approvals are required for this appointment, and is there any historical precedent for delays in similar transitions within the company?

Real Touch Finance gets RBI nod for Angalappan Anandakumar as director

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Reviewed by
Anirudha BScanX News Team
Key Highlights

Real Touch Finance Limited secured RBI approval for Angalappan Anandakumar as a director for five years, effective until July 31, 2031. However, the regulator denied approvals for Suryanarayanan Meenakshi Sundaram and Ganesan Mageshkumar, halting their proposed appointments. The disclosure was made under SEBI Regulation 30 following a June 2026 board meeting.

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Real Touch Finance Limited received regulatory clearance from the Reserve Bank of India (RBI) on August 05, 2026, appointing Angalappan Anandakumar as a director for a five-year term ending July 31, 2031. The approval follows a Board of Directors meeting held on June 26, 2026, where the company sought prior consent for three new director appointments. While the RBI sanctioned Anandakumar’s tenure, it rejected the proposals for Suryanarayanan Meenakshi Sundaram and Ganesan Mageshkumar, meaning their appointments will not proceed. This selective approval ensures continuity in governance while highlighting the regulator’s stringent scrutiny of board composition for non-banking financial companies. The company disclosed these developments under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The RBI’s decision letter, reference number KOL.DOR.NO.S 915/01-01-005/2026-27, explicitly grants approval only for Anandakumar. The rejection of the other two candidates indicates a targeted regulatory stance rather than a blanket endorsement of the board’s expansion plans. Shareholders and investors should note that only one-third of the proposed additions have been validated by the central bank.

Appointment Details

Candidate Name Status Term Duration End Date
Angalappan Anandakumar Approved Five years July 31, 2031
Suryanarayanan Meenakshi Sundaram Rejected N/A N/A
Ganesan Mageshkumar Rejected N/A N/A

Regulatory Compliance

The intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with applicable SEBI Circulars. Varsha Gupta, Company Secretary of Real Touch Finance Limited , signed the disclosure filed with BSE Limited. The company’s registered office is located in Howrah, West Bengal, with a corporate branch in Chennai, Tamil Nadu.

Historical Stock Returns for Real Touch Finance

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%-10.42%-0.99%-3.88%-0.99%+499.11%

What specific regulatory criteria led to the RBI's rejection of Suryanarayanan Meenakshi Sundaram and Ganesan Mageshkumar, and how might this signal broader tightening in NBFC board approvals?

How will the absence of two proposed directors impact Real Touch Finance's strategic execution and governance structure over the next five years?

Will Real Touch Finance submit new candidate nominations to fill the vacant board seats, and what timeline can investors expect for these replacements?

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1 Year Returns:-0.99%