Unifinz Capital India Limited has successfully completed the regularization of three director appointments following unanimous shareholder approval at the Extra-Ordinary General Meeting held on December 10, 2025. The company filed its regulatory disclosure with BSE Limited on December 12, 2025, pursuant to Regulation 30 of the SEBI Listing Regulations, confirming the formalization of appointments initially made by the Board of Directors on October 14, 2025.

Director Appointments and Remuneration Approval

The shareholders approved the regularization of three key directors who were initially appointed as Additional Directors by the Board of Directors on October 14, 2025. The regularization process includes approval for payment of remuneration and sitting fees in accordance with the provisions of the Companies Act, 2013.

Director Profiles and Professional Background

Manish Aggarwal brings over 15 years of progressive experience as a Chartered Accountant in taxation, finance, and accounting across real estate, broadcasting, and corporate sectors. His expertise includes statutory compliance, audit management, GST migration implementation, fund management, and comprehensive financial reporting. He is recognized for his analytical acumen, leadership, and commitment to excellence.

Ritu Sharma, a commerce graduate with a PG Diploma in Business Administration, contributes over 9 years of experience in treasury and financial management. She previously served as Chief Financial Officer from November 2021 until October 13, 2025, bringing expertise in strategic financial planning, risk management, compliance, and policy development. She holds certifications in insurance (AICPCU), Lean methodology, complete accountancy, and NISM V-A certification.

Shubh Charn Bansal is a Chartered Accountant with over 22 years of experience in financial management, statutory compliance, taxation, internal controls, and business process improvement. His expertise includes financial strategy, risk management, and corporate governance, with experience leading critical projects such as GST rollout and Oracle ERP implementation in organizations including NICSI, a Government of India Undertaking.

EGM Proceedings and Regulatory Compliance

The Extra-Ordinary General Meeting was conducted through Video Conferencing from 3:00 PM to 3:50 PM on December 10, 2025, addressing six resolutions with unanimous shareholder support. The meeting covered director appointments, bonus share issuance, and employee stock option plans.

The company confirmed that all appointed directors are not debarred from holding directorial positions by SEBI or any other authority, ensuring compliance with BSE and NSE circular requirements. None of the directors are related to existing board members as defined under Section 2(77) of the Companies Act, 2013. The regulatory disclosure was signed by Ritu Tomar, Company Secretary and Compliance Officer, demonstrating the company's commitment to transparent governance practices.

Unifinz Capital India Limited has received an IND BBB-/Stable rating from India Ratings and Research for its non-convertible debentures and bank loan facilities. The rating agency announced this development on December 11, 2025, highlighting the company's adequate profitability and technology-driven growth platform.

Rating Details and Instrument Breakdown

India Ratings has assigned ratings to two key financial instruments of the company:

The rating agency took a standalone view of Unifinz Capital to arrive at these ratings, reflecting the company's current financial position and operational capabilities.

Strong Financial Performance and Growth Trajectory

The company has demonstrated remarkable financial turnaround, transitioning from losses to profitability. Unifinz Capital turned profitable in FY25 with a PAT of ₹200.00 crores, compared to a loss of ₹11.38 crores in FY24. The momentum continued in 1HFY26 with PAT reaching ₹408.60 crores.

The company's disbursement growth has been substantial, with total disbursements reaching significant levels as it scales its digital lending operations.

Technology-Driven Business Model and Market Presence

Operating under the Lendingplate brand, Unifinz Capital functions as a digital lender offering unsecured personal loans primarily to salaried individuals across over 9,000 pin codes in India. The company leverages a technology-driven platform for customer acquisition and credit underwriting, managing the entire loan lifecycle on a real-time basis from underwriting to disbursement.

The business model is characterized by high portfolio churn due to short-tenure loan products, which supports strong fee income and offsets acquisition costs. The company offers two main products:

• Short-Term Personal Loans (STPL): 73% of the book with 20-50 days tenure at 164% interest rate
• EMI Products: Remaining 27% with 2-12 months tenure at 65% interest rate

Customer acquisition occurs through organic channels, performance marketing, lending service providers, and digital aggregators, with conversion rates varying from 6%-13%.

Capital Position and Funding Structure

Unifinz Capital raised approximately ₹543 crores through a preferential issue of warrants during FY25, significantly strengthening its capital base. The company's net worth increased from ₹36.90 crores in FY24 to ₹775 crores in FY25, further rising to ₹1,183.70 crores by end-1HFY26.

The funding profile shows concentration among NBFCs, with 70.8% in term loans from non-bank finance companies and 29.2% in inter-corporate deposits from existing shareholders, carrying a weighted average cost of funds of around 21%.

Asset Quality and Risk Management Challenges

The rating acknowledges inherent vulnerabilities in asset quality due to the unsecured nature of loans extended to borrowers with bureau scores ranging from 500-700. The company faces elevated delinquency levels, with softer bucket (1-89 days past due) delinquency at 21.10% as of September 2025, compared to 18.80% in FY25.

The company maintains 90% provisions on Stage 3 assets and has implemented aggressive write-off policies, with STPL products written off at 90 days and EMI products at 180 days.

Rating Outlook and Monitoring Factors

India Ratings will closely monitor the company's ability to manage the transition in its business model while improving asset quality and maintaining profitability and liquidity. Key positive rating drivers include franchise expansion, comfortable earnings profile, and adequate capitalization. However, challenges include inherent asset quality vulnerabilities, concentrated funding profile, and macro-regulatory risks in the digital lending space.

The rating agency expects continued profitability growth, contingent on Unifinz Capital maintaining effective control over credit costs and fixed costs as it expands operations. The company's management expects leverage ratios to remain below 2.0x over the next six to twelve months.