Anjani Finance Limited has unveiled significant changes to its management structure. The company, headquartered in Indore, Madhya Pradesh, has made several key appointments and resignations that are set to reshape its leadership team.

New Managing Director Appointed

Ms. Kalpana Jain has been appointed as the new Managing Director of Anjani Finance Limited for a three-year term. Her appointment is subject to approval by the company's members at the upcoming General Meeting, scheduled within the next three months. Ms. Jain brings valuable experience to the role, particularly in procurement, vendor management, and inventory coordination. She holds a B.Com degree and is expected to leverage her expertise in managing raw material sourcing and vendor relationships to benefit the company's operations.

Change in Chairman's Role

Mr. Sanjay Kumar Agarwal, previously serving as the Chairman and Managing Director, will transition to the role of Chairman Non-Executive Promoter Director. This change in designation is effective immediately and reflects a shift in the company's leadership structure.

Resignation of Company Secretary

Mr. Nasir Khan has stepped down from his position as Company Secretary, Compliance Officer, and Key Managerial Personnel (KMP) due to personal reasons. The Board of Directors acknowledged his resignation during their meeting. The company expressed its appreciation for Mr. Khan's valuable services and support during his tenure.

New Company Secretary Appointed

Following Mr. Khan's departure, the company has appointed CS Utsav Agrawal (ACS: A76695) as the new Company Secretary, Compliance Officer, and Key Managerial Person. Mr. Agrawal's appointment is effective immediately. He is a qualified Company Secretary and an Associate Member of the Institute of Company Secretaries of India (ICSI). Mr. Agrawal also holds B.Com and LL.B. degrees and brings expertise in corporate laws, securities laws, capital markets, corporate governance, and regulatory compliances. His contact details include email csutsavagrawal@gmail.com and mobile number +91-9893878734.

Financial Performance

In addition to the management changes, Anjani Finance Limited also released its unaudited financial results for the quarter:

Note: All financial figures are in ₹ lakh

These management changes and financial results mark a significant period of transition for Anjani Finance Limited. The company's stakeholders will be watching closely to see how these changes impact its strategic direction and financial performance in the coming quarters.

Note: All appointments and changes are subject to necessary regulatory approvals and filings.

Anjani Finance Limited, a financial services company, has reported a loss for the quarter ended June 30, while simultaneously announcing significant changes in its management structure.

Financial Performance

The company's unaudited financial results for Q1 reveal a challenging quarter:

Anjani Finance reported a loss before tax of Rs 1.45 lacs for the quarter, compared to a profit of Rs 8.24 lacs in the same quarter last year. Despite the loss, the company's total revenue from operations saw a significant increase to Rs 73.22 lacs from Rs 33.83 lacs in the previous year's quarter.

The finance segment, which is now the company's primary focus, generated the entire revenue of Rs 73.22 lacs. Notably, the wind electricity generation segment reported zero revenue, following its divestment in the financial year 2024-2025.

Management Changes

Coinciding with the financial results, Anjani Finance announced several key management changes:

1. New Managing Director: Ms. Kalpana Jain (DIN: 026653963) has been appointed as the Managing Director for a three-year term, effective August 5, 2025, subject to shareholder approval.

2. Chairman's Role Change: Mr. Sanjay Kumar Agarwal (DIN: 00023611) has transitioned from Chairman and Managing Director to Chairman and Non-Executive Promoter Director, effective August 5, 2025.

3. Company Secretary Transition: Mr. Nasir Khan has resigned as Company Secretary, Compliance Officer, and Key Managerial Personnel (KMP). Mr. Utsav Agrawal (ACS: A76695) has been appointed to these roles, effective August 5, 2025.

Board Approval and Audit Review

The unaudited financial results were approved by the Audit Committee and subsequently by the Board of Directors at a meeting held on August 5, 2025. The results are subject to a limited review by the company's statutory auditors.

These developments mark a period of transition for Anjani Finance Limited as it navigates through financial challenges while implementing significant changes in its leadership structure. The company's focus on its finance segment, following the divestment of its wind energy business, underscores its strategic shift in operations.

Investors and stakeholders will be watching closely to see how these management changes and the company's focused approach to its finance business will impact its performance in the coming quarters.