Sanathnagar Enterprises Limited has strengthened its leadership by appointing Vikas Jain as its Chief Executive Officer, effective July 14, 2026. The decision aims to leverage his extensive expertise in retail credit and financial risk management to drive the company's strategic growth. This leadership change is expected to enhance the company's operational capabilities and market positioning.

The Board of Directors approved the appointment during its meeting held on July 14, 2026, following the recommendation of the Nomination and Remuneration Committee. The disclosure was made in compliance with Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Vikas Jain is a Chartered Accountant and holds a Bachelor's degree in Commerce from Mumbai University. He brings over 19 years of experience across retail credit, mortgages, home loan services, credit risk management, and auto and mortgage lending. His background includes building strategic partnerships with banks and financial institutions.

Prior to this appointment, Jain was associated with the Lodha Group since 2013 as Co-Head Debt Finance. He has also held key leadership roles, including Head of Retail Credit (Auto Loans – North & West Regions) at Kotak Mahindra Prime Limited. His earlier career includes pivotal assignments at ICICI Bank Limited and Ruchi Soya Industries Limited.

Key Details of Appointment

Sanathnagar Enterprises Limited announced significant organizational changes following its board meeting held on April 17, 2026. The company disclosed these developments in compliance with Regulation 30 of the SEBI Listing Regulations, highlighting key appointments and a managerial resignation.

Statutory Auditor Transition

The board approved the appointment of M/s Walker Chandiock & Co., LLP as the new statutory auditors, replacing the outgoing firm M/s. MSKA & Associates LLP. The transition comes as the current auditors complete their second consecutive term of five years and are due to retire at the forthcoming 79th Annual General Meeting.

M/s Walker Chandiock & Co., LLP is a chartered accountants firm registered with the Institute of Chartered Accountants of India, Public Company Accounting Oversight Board, and empaneled with Comptroller and Auditor General of India. Established in 1935 with registered office in New Delhi, the firm operates eighteen offices across major Indian cities with eighty-six partners. The firm is recognized as one of India's leading audit firms providing audit and assurance services to several large companies including some of the top one hundred listed entities in India.

Management Changes

The board noted the resignation of Mr. Martin Godard from his position as Manager and Key Managerial Personnel. His resignation became effective from closure of business hours on April 17, 2026, citing other professional commitments as the reason for departure.

In his resignation letter, Mr. Godard confirmed no other material reasons existed for his departure beyond those mentioned and expressed appreciation for the cooperation extended by the board and senior management during his tenure.

Secretarial Auditor Appointment

The company appointed M/s Shravan A. Gupta & Associates as secretarial auditor for the financial year 2026-27. The firm is described as a peer-reviewed company secretaries firm providing comprehensive corporate secretarial and corporate services.

The firm brings expertise in diverse areas including corporate governance and serves as chief advisor to boards of directors on best practices in corporate governance.

Board Meeting Details

The board meeting commenced at 3:30 P.M. IST and concluded at 3:45 P.M. IST on April 17, 2026. All decisions were made in accordance with the recommendations of the Audit Committee and compliance requirements under SEBI regulations. The company has uploaded relevant financial results on its website at www.sanathnagar.in and submitted required documentation to the stock exchange including detailed annexures with regulatory disclosures.