Scintilla Commercial & Credit Ltd accepted the resignation of Priyanka Mohta as Company Secretary and Compliance Officer effective close of business on September 3, 2026. The Board approved the exit during its meeting on the same date.

The company filed additional details with stock exchanges to address a regulatory query regarding the initial disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Filing Clarification

The exchange had flagged a discrepancy regarding the non-submission of the resignation letter within seven days of the effective date. Scintilla clarified that the letter was received on September 3, 2026, and submitted via XBRL filing. However, it was inadvertently omitted from the documents attached to the Regulation 30 announcement.

Sushma Budhia, the current Company Secretary and Compliance Officer, stated there was no malafide intention behind the oversight. The company affirmed its adherence to corporate governance policies and committed to greater caution in future filings.

Resignation Details

Priyanka Mohta cited "other unavoidable circumstances" in the regulatory annexure. Her personal resignation letter, dated September 3, 2026, attributed the decision to better career opportunities. She held the designation of Key Managerial Personnel.

Scintilla Commercial & Credit Ltd confirmed the book closure period for its 37th Annual General Meeting (AGM). The Register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026, inclusive.

The company scheduled the AGM for September 30, 2026, at 2:00 pm. This follows the Board’s approval of its draft report for FY26 on September 3, 2026, where it recorded a net loss of ₹18.80 lakh for the financial year ended March 31, 2026, compared to a profit of ₹3.45 lakh in FY25.

Financial Performance

Total income rose 4.6% to ₹65.02 lakh from ₹62.15 lakh in the previous year, driven by interest income of ₹57.63 lakh. However, total expenses surged to ₹81.97 lakh from ₹61.39 lakh, primarily due to a net loss on fair value changes of ₹58.14 lakh. This contrasts with a net loss on fair value changes of ₹32.68 lakh in FY25. Consequently, the loss before tax stood at ₹16.95 lakh, widening from a profit before tax of ₹0.75 lakh in FY25.

Corporate Governance Changes

The Board noted the resignation of Mrs. Priyanka Mohta as Company Secretary and Compliance Officer, effective close of business on September 3, 2026. Mrs. Sushma Budhia was appointed to the role with effect from September 4, 2026. Ms. Budhia is a qualified Company Secretary and Associate Member of the Institute of Company Secretaries of India (ICSI).

Proposed Director Appointments

The Nomination and Remuneration Committee recommended two key appointments subject to Reserve Bank of India (RBI) approval:

• Mr. Amalesh Sadhu (DIN: 00235198) as Non-Executive Non-Independent Director
• Mr. Alok Kumar Das (DIN: 00243572) as Managing Director

Upon receiving RBI approval, both individuals will be placed on the Board as Additional Non-Executive Non-Independent Directors. Their appointments will subsequently be placed before members for approval within three months of their initial appointment.

Re-appointment and AGM Details

The Board proposed the re-appointment of Mr. Jitendra Kumar Goyal as Managing Director for five consecutive years, subject to member approval at the AGM. Mr. Goyal has served on the board since January 29, 1990.

The cut-off date for casting votes via remote e-voting is September 23, 2026. Mr. Anand Khandelia was appointed as Scrutinizer for the voting process.