Rajath Finance , now known as FYNX Capital Limited, has announced a significant change in its board composition. Mr. Sarat Kumar Malik, an Independent Director of the company, has submitted his resignation, citing personal reasons.

Resignation Details

The company disclosed the following key information regarding Mr. Malik's resignation:

Regulatory Compliance

In adherence to the Securities and Exchange Board of India (SEBI) regulations, specifically Regulation 30 of the Listing Obligations and Disclosure Requirements, FYNX Capital Limited has promptly informed BSE Limited about this board-level change. The company's compliance with these regulations underscores its commitment to transparency in corporate governance.

Company Response

Mr. Akash Hirenbhai Bheda, the Company Secretary & Compliance Officer of FYNX Capital Limited, officially communicated this development to the BSE. The company has confirmed that Mr. Malik provided his resignation via email, and they have duly processed the information as per regulatory requirements.

About FYNX Capital Limited

FYNX Capital Limited, trading under the BSE Scrip Code 507962, is headquartered at 1001 K P Aurum, Marol Maroshi Road, Andheri (E), Mumbai, Maharashtra. The company, which recently underwent a name change from Rajath Finance Limited, operates in the financial sector.

This board-level change comes at a time when companies are increasingly focusing on robust corporate governance structures. The resignation of an Independent Director, while cited as due to personal reasons, may prompt stakeholders to closely monitor subsequent appointments and their potential impact on the company's strategic direction.

Rajath Finance Limited, a financial services company, has announced the appointment of Shanker Raman Siddhanathan as its new Director and Managing Director for a five-year term. The appointment, effective from August 26, 2025, was approved by shareholders at the company's 40th Annual General Meeting held on September 24, 2025.

New Leadership at Rajath Finance

Shanker Raman Siddhanathan, a 47-year-old finance professional, brings over 25 years of experience to his new role at Rajath Finance. His expertise spans operational leadership, lending operations, and customer excellence, making him a valuable addition to the company's executive team.

Professional Background

Siddhanathan's credentials include:

• An MBA in Banking & Finance
• Previous roles at notable financial institutions:
  • Adani Capital Private Limited
  • Lendingkart Finance Limited
  • U Gro Capital Private Limited
  • Religare Finvest Limited

Appointment Details

Key points regarding Siddhanathan's appointment include:

• Term: Five years, commencing from August 26, 2025
• Position: Director and Managing Director
• Regulatory Compliance: Siddhanathan is not debarred from holding the office of a director by any SEBI order or other regulatory authority
• Other Directorships: He currently holds no other directorships in public limited companies

Company Governance

The Annual General Meeting, which took place from 2:30 PM to 5:00 PM, also addressed other important matters:

• Adoption of audited financial statements for the year ended March 31, 2025
• Reappointment of Mr. Ashok Kumar Mittal, who retired by rotation
• Appointment of secretarial auditors
• Approval of various related party transactions
• Increase in the company's borrowing limits

Looking Ahead

With Siddhanathan's extensive experience in the financial sector, Rajath Finance Limited appears well-positioned for potential growth and development. His leadership is expected to contribute to the company's strategic direction and operational excellence in the dynamic financial services landscape.