Capri Global Capital Limited has announced significant board decisions following its meeting held on December 17, 2025. The company's Board of Directors approved key appointments including the re-appointment of an Independent Director and a new Head of Internal Audit, demonstrating continued strengthening of its governance structure.

Board Meeting Outcomes

The board meeting, which commenced at 03:00 PM and concluded at 05:15 PM on December 17, 2025, resulted in two major appointment decisions. These appointments were made in compliance with Regulation 30 and Regulation 51 read with Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has filed the necessary regulatory disclosures with BSE Limited (Scrip Code: 531595) and National Stock Exchange of India Limited (Scrip Code: CGCL).

Independent Director Re-appointment

Based on the recommendation of the Nomination and Remuneration Committee, the board approved the re-appointment of Mr. Desh Raj Dogra (DIN: 00226775) as an Independent Director for a second term of three consecutive years, effective from February 1, 2026, subject to shareholder approval.

Mr. Dogra brings extensive financial sector expertise, holding an MBA in Finance from Faculty of Management Studies (FMS), University of Delhi, and a postgraduate degree in Agriculture from Himachal Pradesh University. He is also a Certified Associate of the Indian Institute of Bankers with four decades of experience in the financial sector and credit administration. He previously served as CEO and Managing Director of Credit Analysis and Research Limited (CARE) until August 2016 and subsequently served as Vice Chairperson and Public Interest Director at the Metropolitan Stock Exchange of India Ltd. Prior to CARE, Mr. Dogra worked with Dena Bank for over 15 years.

Senior Management Appointment

The board approved the appointment of Mr. Zoheb Sheikh as Head of Internal Audit (as per RBI regulations) and Internal Auditor (as per section 138 of the Companies Act, 2013) as part of Senior Management for a tenure of three years, effective from December 17, 2025. This appointment was based on recommendations from both the Audit Committee and the Nomination and Remuneration Committee.

Mr. Sheikh holds a Master's degree in Computer Applications (MCA), a Bachelor's degree in Science (Information Technology), and a Diploma in Computer Engineering. He brings over 15 years of experience across financial institutions and the banking sector, having joined the Capri Global Group in 2014 as part of the Internal Audit function. He has been associated with several critical audit assignments across the Group and possesses robust understanding of audit methodologies, risk assessment frameworks and compliance practices.

Internal Transfer and Continuity

This appointment represents an internal transfer within the Capri Global Group. Mr. Sheikh was previously appointed as Head of Internal Audit of Capri Global Housing Finance Limited (CGHFL), a subsidiary of Capri Global Capital Limited, where he strengthened the internal audit function and added value through risk mitigation and operational improvements. His appointment to the parent company ensures continuity and brings proven expertise in managing audit teams and engaging with stakeholders across all organizational levels.

The company has confirmed that all necessary regulatory filings have been completed with both stock exchanges, with disclosures also made available on the company's website at www.capriloans.in as per standard disclosure practices under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Capri Global Capital Limited (CGCL) has announced a strategic move into the insurance sector with the establishment of a new wholly-owned subsidiary, Capri Global Insurance Brokers Private Limited (CGIBPL). This development marks an expansion of CGCL's business portfolio, diversifying its operations beyond its current focus areas.

Key Details of the New Subsidiary

Scope of Operations

The new subsidiary is set to engage in a range of insurance-related activities:

1. Insurance Broking: Acting as a direct broker, re-insurance broker, and composite broker for various types of insurance including life, general, health, motor, marine, and specialty insurances.

2. Advisory Services: Providing consultancy and intermediation services for individuals, corporates, and institutions.

3. Representation: Acting on behalf of clients in negotiations with insurers, reinsurers, underwriters, and regulatory authorities.

4. Training and Development: Organizing training programs, workshops, and e-learning platforms for distribution personnel and clients in the insurance ecosystem.

5. Technology Integration: Developing and managing software, technology platforms, and digital solutions for insurance broking, advisory, and claims management.

Regulatory Compliance

CGIBPL plans to obtain and maintain necessary registrations, approvals, and licenses from the Insurance Regulatory and Development Authority of India (IRDAI) and other relevant authorities. The company aims to comply with all applicable regulations in the insurance sector.

Strategic Implications

This move into insurance broking represents a diversification for Capri Global Capital Limited. By establishing a presence in the insurance sector, CGCL aims to expand its financial services portfolio and potentially create synergies with its existing business lines.

The expansion into insurance broking could open up new revenue streams for CGCL and position the company to capitalize on the insurance market in India. As the subsidiary begins operations, it will be interesting to observe how this strategic move impacts CGCL's overall business performance and market position in the financial services sector.