Capital India Finance Limited has announced the successful completion of its postal ballot process for a key leadership appointment. The company's shareholders have approved the appointment of Mr. Surender Rana (DIN: 10315624) as Wholetime Director, designated as Executive Vice Chairman, through a special resolution passed on February 12, 2026.

Voting Process and Timeline

The postal ballot was conducted entirely through remote e-voting, in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting period commenced at 09:00 a.m. (IST) on Wednesday, January 14, 2026, and concluded at 05:00 p.m. (IST) on Thursday, February 12, 2026. The process was facilitated by KFin Technologies Limited as the service provider for e-voting.

Voting Results and Participation

The postal ballot achieved significant 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, demonstrating strong shareholder engagement in the governance process.

Category-wise Voting Breakdown

The voting results showed unanimous support across all shareholder categories. The Promoter and Promoter Group, holding 28,38,78,600 shares, voted with 100.00% participation and complete approval. Public Institutions with 2,09,135 shares achieved 1.20% participation with full support, while Public Non-Institutions demonstrated strong engagement with 66.51% participation from their 10,69,68,565 shares.

Regulatory Compliance and Documentation

The company ensured full regulatory compliance throughout the process. The postal ballot notice dated December 30, 2025, was dispatched via email to registered shareholders on January 13, 2026. Advertisements confirming the completion of notice dispatch were published in "Jansatta" (Hindi) and "Financial Express" (English) on January 14, 2026, as required under the Companies (Management and Administration) Rules, 2014.

Mr. Arun Kumar Gupta of M/s. Arun Gupta & Associates, Company Secretaries, served as the appointed scrutinizer and issued his report on February 12, 2026, confirming the special resolution was passed with requisite majority. The scrutinizer's report validated the fairness and transparency of the e-voting process conducted through KFin Technologies Limited's platform at https://evoting.kfintech.com .

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.