IndoStar Capital Finance has completed the sale of a portion of its commercial vehicle loan portfolio to Phoenix Asset Reconstruction Company (ARC). This strategic transaction marks another step in the company's ongoing efforts to optimize its asset portfolio and restructure its loan book.

Transaction Details

IndoStar Capital Finance has divested part of its commercial vehicle loans to Phoenix ARC, though specific financial details of the transaction have not been disclosed. Asset reconstruction companies like Phoenix ARC typically acquire loan portfolios from banks and financial institutions, often focusing on distressed or non-performing assets.

Strategic Implications

This asset sale represents IndoStar Capital Finance's continued focus on portfolio management and optimization. The transaction allows the company to:

• Reduce exposure to the commercial vehicle lending segment
• Improve asset quality metrics
• Generate liquidity for other business operations
• Streamline its loan portfolio composition

About the Companies

IndoStar Capital Finance operates in the financial services sector, providing various lending and financing solutions. Phoenix ARC is an asset reconstruction company that specializes in acquiring and managing loan portfolios from financial institutions, particularly those involving stressed or non-performing assets.

The completion of this transaction reflects the ongoing activity in India's asset reconstruction market, where ARCs play a crucial role in helping financial institutions manage their loan portfolios and recover value from distressed assets.

IndoStar Capital Finance Limited has announced a key senior management appointment, naming Mr. Amandeep Singh Sandhu as Chief Operating Officer - Vehicle Finance, effective December 15, 2025. The company disclosed this appointment under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The appointment details are outlined in the following table:

Professional Background

Mr. Sandhu brings extensive experience to his new role, with a 25-year career in the Banking, Financial Services, and Insurance (BFSI) sector. His professional credentials include managing portfolios exceeding ₹22,000.00 crores and leading teams of 1,200 employees across multiple zones.

Key Expertise Areas

Sandhu's expertise spans several critical areas of financial services:

• Revenue growth management and P&L ownership
• Receivables management and collection strategies
• Market-aligned product development and launch
• High-performing team building and leadership
• Industry-leading delinquency reduction initiatives
• OEM dealer partnership strengthening

His track record demonstrates consistent achievement in surpassing sales and collection targets while executing transformational business strategies.

Career History

Prior to joining IndoStar Capital Finance Limited, Mr. Sandhu served as Executive Vice President at Cholamandalam Investment and Finance Company Ltd. His career journey also includes positions at several prominent financial institutions:

• HDFC Bank Ltd
• The Tractor Station
• Mahindra Financial Services Limited

Regulatory Compliance

The appointment was formally communicated to both the National Stock Exchange of India Limited and BSE Limited, ensuring compliance with listing regulations. The company has fulfilled its disclosure obligations under Regulation 30 read with Schedule III of the Listing Regulations, as amended, along with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.