Easy Fincorp Limited , a financial services company, has announced the re-appointment of Asish Kumar Chaudhuri as its Chief Executive Officer (CEO) for an additional one-year term. The decision, effective from October 1, 2025, was approved by the company's Board of Directors on September 3, 2025, following a recommendation from the Nomination and Remuneration Committee.

Key Details of the Re-appointment

Board Decision and Regulatory Compliance

The re-appointment comes as Chaudhuri's existing term was set to expire. In line with regulatory requirements, Easy Fincorp Limited has promptly informed the BSE Limited of this development, adhering to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Official Statement

In an official communication to the BSE, Atul Lakhotia, Director of Easy Fincorp Limited, stated:

"The Board of Directors of the Company, on the recommendation of the Nomination and Remuneration Committee, at its meeting held on 3 September, 2025, has approved the re-appointment of Mr. Asish Kumar Chaudhuri (PAN: ABXPC1591J) as the Chief Executive Officer (CEO) of the Company for a period of one (1) year with effect from 1st October, 2025, on the existing terms and conditions."

About Easy Fincorp Limited

Easy Fincorp Limited, with its registered office at Duncan House, 31-Netaji Subhas Road, Kolkata, operates in the financial services sector. The company is listed on the BSE and adheres to the regulatory framework set by the Securities and Exchange Board of India (SEBI).

This re-appointment signifies the company's confidence in Chaudhuri's leadership and suggests a continuation of the current management strategy. Shareholders and market observers will likely be watching closely to see how this extension of Chaudhuri's tenure impacts the company's performance and strategic direction in the coming year.

Easy Fincorp Limited has reported its financial results for the first quarter ended June 30, 2025, along with significant changes to its board composition.

Financial Performance

The company reported a net loss of Rs 4.19 lakhs for Q1 FY2025-26, compared to a loss of Rs 3.79 lakhs in the corresponding quarter of the previous year. Total income increased marginally to Rs 2.37 lakhs from Rs 2.11 lakhs year-over-year. However, total expenses rose to Rs 7.55 lakhs from Rs 6.81 lakhs in the same period last year.

The company's earnings per share stood at negative Rs 1.71 for the quarter.

Board Changes

Easy Fincorp announced two significant changes to its board of directors:

1. Resignation: Ms. Jostna Shrestha has stepped down from her position as Non-Executive Non-Independent Director, effective August 5, 2025. Ms. Shrestha cited personal reasons and other pre-occupations for her resignation.

2. New Appointment: The board has appointed Ms. Bhawna Agarwal as a Non-Executive Additional Director, subject to shareholder approval at the upcoming general meeting. Ms. Agarwal brings over 10 years of experience in secretarial and corporate affairs to the role. She is a qualified Company Secretary and Law graduate, with expertise in corporate laws, statutory compliances, and governance matters.

Management Commentary

Mr. Rajendra Dey, Director of Easy Fincorp Limited, commented on the results, stating, "While we continue to face challenges, we are focused on improving our financial performance and strengthening our board with the addition of Ms. Agarwal's expertise."

Looking Ahead

Easy Fincorp Limited faces ongoing financial pressures, as evidenced by the increased quarterly loss. The company will need to address its rising expenses and explore avenues for revenue growth in the coming quarters. The recent board changes may bring fresh perspectives to help navigate these challenges.

Investors and stakeholders will be watching closely to see how the new board composition and any resulting strategic shifts might impact the company's future performance.