Satin Creditcare Network Limited has announced the successful allotment of non-convertible debentures worth ₹25 crore, marking a significant fundraising milestone for the financial services company. The allotment was completed following regulatory compliance procedures under SEBI regulations.

Debenture Allotment Details

The Working Committee of the Board of Directors approved the allotment of 2,500 non-convertible debentures on March 30, 2026. The debentures are structured as subordinated, unsecured, rated, listed, taxable, redeemable, and transferable instruments denominated in Indian Rupees.

Regulatory Compliance and Documentation

The debenture issuance follows strict regulatory compliance under Regulations 30 & 51 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously provided intimation dated March 20, 2026, regarding this proposed allotment.

The debentures have been issued based on comprehensive documentation framework:

• General information document dated August 14, 2025
• Key information document dated March 24, 2026
• Private placement offer and application letter dated March 24, 2026
• Debenture trust deed dated March 25, 2026

Debenture Trustee Arrangement

Catalyst Trusteeship Limited has been appointed as the debenture trustee through a debenture trust deed executed on March 25, 2026. This arrangement ensures proper governance and protection of debenture holders' interests throughout the tenure of the instruments.

Corporate Structure

Satin Creditcare Network Limited operates from its corporate office in Gurugram, Haryana, with its registered office located in New Delhi. The company maintains its listing presence and continues to fulfill its disclosure obligations to both NSE and BSE exchanges.

Satin Creditcare Network Limited has announced a leadership transition in its audit function, with the Board of Directors approving the appointment of Mr. Ankit Bhatia as Chief Audit Officer effective April 1, 2026. The decision was made during a board meeting held on March 21, 2026, following recommendations from both the Nomination and Remuneration Committee and Audit Committee.

Leadership Transition Details

The appointment comes as part of a planned succession, with Mr. Amarjit Singh retiring from his position as Chief Audit Officer on March 31, 2026, after serving six years with the company. The transition ensures continuity in the company's audit and governance functions.

Professional Background

Mr. Ankit Bhatia brings extensive expertise to his new role as a Chartered Accountant and Certified Fraud Examiner (CFE) with over 12 years of experience in internal audit, forensic investigations, enterprise risk management, and governance frameworks. His professional background spans multiple sectors, with particular strength in BFSI domains including insurance, asset management companies, stock broking, NBFCs, and HFCs, along with telecom and logistics sectors.

The new Chief Audit Officer possesses strong expertise in several key areas:

• Risk-based audit execution and control testing
• Regulatory compliance assessment and SOP architecture
• Process re-engineering and automation-led control enhancement initiatives
• End-to-end process diagnostics and control rationalization
• Digital transformation initiatives

Company Association and Previous Experience

Mr. Bhatia has been associated with Satin Creditcare Network Limited for the past three years, where he led the Internal Audit for corporate functions and previously headed the Audit Projects vertical. In these roles, he drove comprehensive process diagnostics, control rationalization, and digital transformation initiatives.

Prior to his tenure with Satin Creditcare, Mr. Bhatia worked with Aditya Birla Capital Limited and Ernst & Young, managing assignments in internal audit, risk surveillance, and corporate governance. This diverse experience across different organizations and sectors has equipped him with a comprehensive understanding of audit practices and regulatory requirements.

Regulatory Compliance

The appointment was announced in compliance with Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 2.30 P.M. IST and concluded at 4.52 P.M. IST on March 21, 2026, with all necessary approvals obtained for the leadership transition.

The company has provided detailed disclosures as required under Schedule III of the SEBI Listing Regulations, ensuring full transparency regarding the senior management personnel changes. This appointment reinforces the company's commitment to maintaining robust audit and governance standards while ensuring experienced leadership in critical oversight functions.