IndoStar Capital Finance Limited has announced a key senior management appointment, naming Mr. Amandeep Singh Sandhu as Chief Operating Officer - Vehicle Finance, effective December 15, 2025. The company disclosed this appointment under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The appointment details are outlined in the following table:

Professional Background

Mr. Sandhu brings extensive experience to his new role, with a 25-year career in the Banking, Financial Services, and Insurance (BFSI) sector. His professional credentials include managing portfolios exceeding ₹22,000.00 crores and leading teams of 1,200 employees across multiple zones.

Key Expertise Areas

Sandhu's expertise spans several critical areas of financial services:

• Revenue growth management and P&L ownership
• Receivables management and collection strategies
• Market-aligned product development and launch
• High-performing team building and leadership
• Industry-leading delinquency reduction initiatives
• OEM dealer partnership strengthening

His track record demonstrates consistent achievement in surpassing sales and collection targets while executing transformational business strategies.

Career History

Prior to joining IndoStar Capital Finance Limited, Mr. Sandhu served as Executive Vice President at Cholamandalam Investment and Finance Company Ltd. His career journey also includes positions at several prominent financial institutions:

• HDFC Bank Ltd
• The Tractor Station
• Mahindra Financial Services Limited

Regulatory Compliance

The appointment was formally communicated to both the National Stock Exchange of India Limited and BSE Limited, ensuring compliance with listing regulations. The company has fulfilled its disclosure obligations under Regulation 30 read with Schedule III of the Listing Regulations, as amended, along with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

IndoStar Capital Finance Limited witnessed a significant shareholding change as BCPV Multiple Holdings Pte Ltd, a promoter entity, converted 1.39 crore warrants into equity shares. The transaction, completed through regulatory disclosure under SEBI regulations, increased BCPV's stake from 51.82% to 55.98%.

Warrant Conversion Transaction Details

The company's Board of Directors approved the allotment through a circular resolution passed on December 20, 2025. BCPV Multiple Holdings Pte Ltd., a Singapore-based promoter entity, exercised their rights to convert warrants into equity shares.

Shareholding Pattern Changes

The warrant conversion resulted in a notable shift in BCPV's shareholding percentage. The regulatory filing under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 provides detailed shareholding information.

Impact on Share Capital Structure

The warrant conversion has significantly expanded IndoStar's equity base, with the company's paid-up share capital increasing substantially following this allotment.

Regulatory Compliance and Process

The transaction was executed through preferential allotment of equity shares pursuant to exercise and conversion of warrants. The warrants were originally allotted on November 26, 2024, with a two-stage payment mechanism where 80.00% was paid during warrant allotment and the remaining 20.00% during conversion.

BCPV Multiple Holdings Pte Ltd, registered in Singapore, filed the mandatory disclosure on December 23, 2025, confirming the acquisition under Regulation 29(2) of SEBI regulations. The newly allotted equity shares rank pari-passu with existing shares and will be listed on BSE Limited and National Stock Exchange of India Limited.

Strategic Implications

This warrant conversion demonstrates strong promoter commitment to IndoStar Capital Finance's growth trajectory. The Rs. 256.67 crore infusion significantly strengthens the company's capital base, enhancing its financial flexibility and lending capacity as a non-banking financial company. The increased promoter stake to 55.98% reinforces confidence in the company's long-term prospects and strategic direction in the financial services sector.