Shalibhadra Finance Ltd has formally submitted the resignation letter of Megha Singh, who served as the company's Company Secretary and Compliance Officer. Her resignation took effect from the closure of business hours on October 1, 2026.

The submission was made to BSE Limited and National Stock Exchange of India Limited on October 19, 2026. The company clarified that the original announcement regarding her departure was inadvertently omitted from the initial filing made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation details

Megha Singh tendered her resignation citing personal and unavoidable reasons. In her letter dated October 1, 2026, she requested that the Board of Directors inform the Registrar of Companies about her departure and provide an acknowledgment of receipt along with a copy of the requisite e-form filed for her records.

The Managing Director, Vatsal Doshi, signed the submission to the stock exchanges, acknowledging the oversight in the previous communication and requesting the exchanges to take the enclosed resignation letter on record.

Regulatory compliance update

The company stated it regrets the inadvertent omission and sought to rectify the disclosure gap by providing the missing document. This action ensures that the regulatory filings accurately reflect the change in key managerial personnel as required by listing obligations.

Shalibhadra Finance Limited approved the issuance of non-convertible debentures worth up to ₹24 crore on a private placement basis. The decision was taken during a board meeting held on October 13, 2026.

The instruments are senior, secured, rated, listed, redeemable, and transferable. They will be listed on the BSE. Specific terms regarding coupon rates, maturity dates, and security charges are to be defined in the transaction documents.

Key Issue Details

Regulatory Compliance

The approval aligns with Regulation 30 read with Schedule III of the SEBI Listing Regulations. The company also referenced SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The board meeting commenced at 3:30 pm and concluded at 7:00 pm.

What the Numbers Show

The move to raise funds through debt rather than equity suggests a preference for maintaining existing shareholding patterns while expanding the balance sheet. As an NBFC, securing capital through private placement NCDs allows for targeted funding without diluting equity value.