Futuristic Solutions announced a significant change in its top management as Chief Financial Officer (CFO) Tanuj K. Sahgal tendered his resignation. The company's board of directors convened a meeting to address this development and other matters.

Key Details of the Resignation

The board meeting, which lasted for 25 minutes, was primarily focused on noting and approving the resignation of Mr. Sahgal. The company has stated that all necessary filings related to this change will be made in accordance with the applicable provisions of the Companies Act, 2013.

Corporate Governance and Compliance

Futuristic Solutions, operating under the Corporate Identification Number (CIN) L74899DL1983PLC016586, has emphasized its commitment to regulatory compliance. The company's prompt disclosure of this management change aligns with the transparency requirements for listed entities.

Jagrati Rathi, the Company Secretary and Compliance Officer of Futuristic Solutions, has officially communicated this development to the BSE Limited, ensuring that all stakeholders are informed of this significant change in the company's financial leadership.

As of now, the company has not announced any immediate successor to the CFO position. Investors and market watchers will likely be keen to see how Futuristic Solutions plans to fill this crucial role in its financial management team.

This management change comes at a time when companies across various sectors are experiencing shifts in their executive teams.

Futuristic Solutions Limited , a non-banking financial company, has announced the appointment of two new directors to its board. The company received consent forms from Abhishek Kaushal and Akriti Kaur Malhotra to serve as directors, effective September 3, 2025.

New Appointees' Backgrounds

Abhishek Kaushal

• Entrepreneur with Director Identification Number (DIN) 07350014
• Appointed as an independent director
• Currently holds one directorship in Radiate Healthcare Innovations Private Limited

Akriti Kaur Malhotra

• Teacher with DIN 11276786
• Appointed as an independent director
• Does not hold any other directorships at present

Compliance and Eligibility

Both appointees have declared that they:

• Have not been convicted of any corporate-related offenses in the past five years
• Are not disqualified from serving as directors under the Companies Act, 2013

Board Composition

With these appointments, Futuristic Solutions Limited's board now comprises:

• Total of six directors
• Five non-executive directors
• Three independent directors

This composition aligns with regulatory requirements for board structure and independence.

Company Overview

Futuristic Solutions Limited is registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India. The company's primary activities include:

• Recovery of disputed debts
• Granting personal and business loans
• Purchasing loan portfolios from other NBFCs

These new appointments are expected to bring fresh perspectives and expertise to Futuristic Solutions Limited's board, potentially contributing to the company's strategic direction and governance.