Sanathnagar Enterprises Limited has approved the re-appointment of Ms. Ritika Bhalla and Mr. Jinesh Shah as Independent Directors for a second term of five years, effective from July 22, 2027, to July 21, 2032. The decision, taken during a board meeting on July 14, 2026, is subject to the approval of the company's members. The re-appointments were based on the recommendation of the Nomination and Remuneration Committee (NRC).

Ms. Ritika Bhalla possesses extensive experience in corporate law compliance, advisory, due diligence, and audit. She has assisted foreign companies in setting up businesses in India and has experience drafting shareholders and joint venture agreements. Currently, she serves as a director on the boards of private companies, bringing a compliance-focused and governance-oriented approach to corporate matters.

Mr. Jinesh Shah is a Chartered Accountant and a partner at G.P. Kapadia & Co. He brings over 18 years of specialized experience in corporate taxation, statutory audits, and financial reporting to the board. Neither director is related to any of the existing directors of the company, nor are they debarred from holding the office of director by any SEBI order or other authority.

The disclosures were made in compliance with Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also referenced SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, regarding the details of the re-appointments.

Details of Re-appointment

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