Capital India Finance Limited has successfully completed the appointment of Mr. Surender Rana (DIN: 10315624) as Wholetime Director, designated as Executive Vice Chairman, through a postal ballot process. The appointment was approved with overwhelming shareholder support and has been formally disclosed to stock exchanges in compliance with SEBI regulations.

Appointment Details and Term

The shareholders approved Mr. Rana's appointment for a term of 3 consecutive years commencing from November 18, 2025, with liability to retire by rotation. The appointment was ratified through a special resolution passed on February 12, 2026, following the completion of the postal ballot voting process.

Professional Background and Expertise

Mr. Rana brings extensive banking experience with over 34 years of distinguished service at the State Bank of India (SBI), India's largest commercial bank. He culminated his career at SBI as Deputy Managing Director – SME & Agri Business, where he successfully led diverse functional areas and drove strategic initiatives.

Voting Results and Shareholder Participation

The postal ballot achieved remarkable shareholder participation with 90.79% of total shares participating in the voting process. Out of 39,10,56,300 total shares, 35,50,21,298 votes were polled, with 35,50,21,268 votes in favor and only 30 votes against, resulting in 100.00% approval rate.

Regulatory Compliance and Process

The postal ballot was conducted entirely through remote e-voting in compliance with the Companies Act, 2013, and SEBI Listing Regulations. The voting period ran from January 14, 2026, to February 12, 2026, with KFin Technologies Limited serving as the e-voting service provider. The company has disclosed the appointment to BSE and NSE under Regulations 30 and 51 of SEBI Listing Regulations.

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.