Centrum Capital Approves Re-appointment of R. A. Sankara Narayanan as Independent Director

1 min read     Updated on 26 Sept 2025, 09:57 PM
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Shriram ShekharScanX News Team
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Overview

Centrum Capital Limited has announced the re-appointment of R. A. Sankara Narayanan as an Independent Director for a second five-year term from April 3, 2026, to April 2, 2031, subject to shareholder approval. Narayanan, with extensive experience in banking, including roles as MD and CEO of Canara Bank and Vijaya Bank, brings valuable expertise to the company. Centrum Capital also scheduled a board meeting for November 7, 2025, to review financial results for Q2 and H1 ending September 30, 2025.

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*this image is generated using AI for illustrative purposes only.

Centrum Capital Limited, a prominent financial services company, has announced the re-appointment of Mr. R. A. Sankara Narayanan as an Independent Director for a second term. This decision, approved by the company's Board of Directors, marks a significant move in strengthening its leadership team.

Key Details of the Re-appointment

  • Term: The re-appointment is for a second five-year term, spanning from April 3, 2026, to April 2, 2031.
  • Approval Process: While approved by the Board, the re-appointment is subject to shareholder approval.
  • Position Status: Mr. Narayanan's office will not be liable to retire by rotation, ensuring continuity in his role.

Mr. R. A. Sankara Narayanan's Profile

Mr. Narayanan brings a wealth of experience and expertise to Centrum Capital:

  • Educational Background: He holds an MBA in Finance, CAIIB, and various other certifications including PGDPM, PGDFM, DTIRM, DCP, and BRM.
  • Professional Experience:
    • Served as Managing Director and CEO of Canara Bank until January 2020.
    • Currently on the Board of South Indian Bank Limited since October 2020.
    • Previously held the position of Executive Director at Bank of India from May 2015.
    • Appointed as Managing Director and CEO of Vijaya Bank in September 2017.

Regulatory Compliance

The company has confirmed that Mr. Narayanan is not related to other Directors of Centrum Capital. Furthermore, he is not debarred from holding the position of director by any regulatory authority, ensuring compliance with corporate governance standards.

Company Disclosure

Centrum Capital Limited made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's commitment to transparency is evident in its prompt disclosure to the National Stock Exchange of India Limited and BSE Limited.

Upcoming Financial Results

In a separate announcement, Centrum Capital has scheduled a Board of Directors meeting for November 7, 2025, to consider and approve the Unaudited Financial Results for the quarter and half-year ending September 30, 2025. The company has also declared a trading window closure from October 1, 2025, to November 9, 2025, in line with its Code of Conduct for designated persons.

This re-appointment and the upcoming financial review highlight Centrum Capital's focus on maintaining strong corporate governance and financial transparency, crucial elements for investor confidence in the financial services sector.

Historical Stock Returns for Centrum Capital

1 Day5 Days1 Month6 Months1 Year5 Years
-0.72%+1.76%-6.14%+47.43%+8.68%+113.48%
Centrum Capital
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Centrum Capital Completes Transfer of Insurance Brokers Subsidiary Following IRDAI Approval

1 min read     Updated on 17 Sept 2025, 07:14 PM
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Reviewed by
Naman SharmaScanX News Team
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Overview

Centrum Capital Limited has transferred its wholly-owned subsidiary, Centrum Insurance Brokers Limited (CIBL), from Centrum Retail Services Limited to Centrum Financial Services Limited for Rs. 13.76 crores. The transaction, approved by IRDAI, was completed on September 17, 2025. CIBL's turnover of Rs. 13.03 crores represented 0.38% of Centrum Capital's turnover, while its net-worth of Rs. 11.36 crores accounted for 16.79% of the parent company's net-worth in FY 2024-25. Post-transfer, CIBL is no longer a wholly-owned subsidiary of Centrum Capital, but remains within the group under Centrum Financial Services Limited, which is 99.9976% owned by Centrum Capital.

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Centrum Capital Limited has announced the completion of a significant corporate restructuring involving its insurance broking business. The company has successfully transferred its wholly-owned subsidiary, Centrum Insurance Brokers Limited (CIBL), from Centrum Retail Services Limited (CRSL) to Centrum Financial Services Limited (CFSL) on September 17, 2025.

Transaction Details

The transfer, which was first disclosed on January 15, 2025, has now received regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI). The transaction was valued at Rs. 13.76 crores, as per the consideration received for the sale.

Financial Impact

For the fiscal year 2024-25, CIBL's financial performance was as follows:

Metric Amount (Rs. in crores) Contribution to Centrum Capital
Turnover 13.03 0.38%
Net-worth 11.36 16.79%

Corporate Structure Changes

Following the transfer, CIBL has ceased to be a wholly-owned subsidiary of Centrum Capital. The buyer, Centrum Financial Services Limited, is a subsidiary in which Centrum Capital holds a 99.9976% equity stake.

Regulatory Compliance

The transaction has been conducted at arm's length between related entities, as disclosed in the company's filing. This transfer aligns with Centrum Capital's strategic initiatives and has been executed in compliance with regulatory requirements.

Management Statement

Balakrishna Kumar, Company Secretary & Compliance Officer of Centrum Capital Limited, confirmed the completion of the transfer in a regulatory filing, stating that all necessary approvals have been obtained and the transaction has been duly recorded.

This corporate action reflects Centrum Capital's ongoing efforts to optimize its group structure and potentially streamline its operations in the financial services sector. Shareholders and market observers will likely be keen to see how this restructuring impacts the company's overall performance and strategic direction in the coming quarters.

Historical Stock Returns for Centrum Capital

1 Day5 Days1 Month6 Months1 Year5 Years
-0.72%+1.76%-6.14%+47.43%+8.68%+113.48%
Centrum Capital
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