FynX Capital Limited (formerly known as Rajath Finance Limited) has announced the appointment of Mr. Maheswar Sahu as Chairman & Director following unanimous shareholder approval at an Extraordinary General Meeting held on December 11, 2025. The appointment marks a significant leadership addition for the Mumbai-based financial services company.

Appointment Details

The shareholders' meeting, which commenced at 2:30 PM and concluded at 4:30 PM on December 11, 2025, approved Mr. Sahu's appointment for a five-year term. The new appointee will serve as a Non-Executive Non-Independent Director and will be liable to retire by rotation as per company regulations.

Professional Background

Mr. Sahu brings extensive experience to FynX Capital's board, with over 30 years of professional expertise across multiple domains. His recognized strengths span several critical areas that align with the company's strategic objectives.

Key areas of expertise include:

• Strategic planning and leadership
• Organizational development and institutional building
• Large-scale project execution
• Environmental governance
• Corporate social responsibility
• Mentorship and board advisory

The company stated that Mr. Sahu's mentorship capabilities and diverse experience will add considerable value to the board's decision-making processes.

Independence and Compliance

FynX Capital confirmed that Mr. Maheswar Sahu maintains complete independence from the company's existing leadership structure. He is not related to any current directors, key managerial personnel, promoters, or promoter group members of the company.

The appointment complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows the disclosure requirements under Regulation 30. The company has fulfilled all necessary regulatory notifications to BSE Limited, where FynX Capital trades under scrip code 507962.

Corporate Governance Enhancement

This appointment represents FynX Capital's continued commitment to strengthening its corporate governance framework through experienced leadership additions. The five-year term provides stability for long-term strategic planning while ensuring accountability through the rotation retirement provision.

The company, headquartered in Mumbai's Andheri East area, operates in the financial services sector and maintains its commitment to regulatory compliance and transparent corporate practices through such structured leadership appointments.

Rajath Finance , formerly known as Fynx Capital Limited, has announced the resignation of Sarat Kumar Malik from his position as Independent Director, effective October 31, 2025. The company disclosed this information in compliance with SEBI regulations.

Resignation Details

Malik cited personal reasons for his departure from the board. In his resignation letter, he expressed his inability to continue in the role due to these undisclosed personal circumstances. The company has confirmed that there are no other material reasons for his resignation beyond those mentioned in his letter.

Board Positions

As part of the disclosure, Rajath Finance provided details of Malik's other board positions in listed entities:

Regulatory Compliance

The company submitted this information in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure is in line with SEBI's requirements for transparency in corporate governance matters.

Rajath Finance continues to operate from its headquarters in Mumbai. The company may need to initiate the process of finding a suitable replacement for the vacant Independent Director position to maintain compliance with corporate governance norms.

Investors and stakeholders are advised to monitor further announcements from the company regarding any potential appointments to the board in the wake of this resignation.