Capital India Finance Limited has announced the resignation of its Chief Credit Officer, Mr. Chetan Bafna, effective from the close of business hours on January 31, 2026. The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The company formally notified both BSE Limited and National Stock Exchange of India Limited about the senior management personnel change. Mr. Bafna, who held the position of Chief Credit Officer, submitted his resignation citing personal reasons for his departure.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 and other applicable regulations of the Listing Regulations. Capital India Finance Limited provided the mandatory details as required under SEBI master circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The company has enclosed a copy of the resignation letter as Annexure – A, in compliance with sub-para 7C of Para A of Schedule III to Regulation 30 of the Listing Regulations. The resignation letter, dated November 14, 2025, was addressed to the company management.

Resignation Letter Highlights

In his formal resignation letter, Mr. Bafna expressed appreciation for his tenure with the company, describing it as "both rewarding and formative." He acknowledged the exposure, leadership insight, and collaborative environment that contributed to his professional development during his time as Chief Credit Officer.

The disclosure was signed by Sulabh Kaushal, Chief Compliance Officer & Company Secretary, ensuring proper regulatory compliance and transparency in the announcement of this senior management change.

Capital India Finance has successfully obtained renewal of its money transfer service license from the Reserve Bank of India (RBI), securing regulatory approval to operate until January 31, 2028. This development ensures the continued operation of the company's cross-border money transfer services through its RemitX platform.

License Renewal Details

The RBI license renewal represents a crucial regulatory milestone for Capital India Finance's financial services operations. The approval extends the company's authorization to provide money transfer services for a period extending until January 31, 2028, providing operational certainty for the next four years.

RemitX Platform Operations

The license renewal specifically enables Capital India Finance's RemitX platform to continue facilitating inward cross-border money transfers. This service operates through a strategic partnership with Western Union, one of the world's leading money transfer networks. The RemitX platform serves as the company's digital infrastructure for processing international money transfer transactions.

Partnership with Western Union

The regulatory approval ensures continuity of Capital India Finance's collaboration with Western Union for cross-border money transfer services. This partnership allows the company to leverage Western Union's extensive global network while maintaining compliance with Indian regulatory requirements. The association enables customers to receive money transfers from international locations through the RemitX platform.

Regulatory Compliance

The RBI license renewal demonstrates Capital India Finance's adherence to regulatory standards and compliance requirements for money transfer services in India. The approval process involves stringent evaluation of operational capabilities, financial stability, and regulatory compliance measures. This regulatory endorsement validates the company's operational framework and risk management systems for handling cross-border financial transactions.