IndoStar Capital Finance Limited , a prominent player in the financial services sector, has announced a significant addition to its leadership team. The company has appointed Ms. Jasmine Bawa as its new Chief Human Resources Officer (CHRO), effective October 01, 2025.

Key Appointment Details

• Position: Chief Human Resources Officer (CHRO)
• Effective Date: October 01, 2025
• Employment Type: Full-time
• Classification: Senior Management Personnel

Professional Background

Ms. Jasmine Bawa brings a wealth of experience to her new role at IndoStar Capital Finance. With over 15 years of experience in the human resources field, she has built a strong reputation across leading financial institutions and fintech companies. Her expertise spans various critical areas of HR management, including:

• Talent Engagement
• Performance Management
• HR Business Partnering
• Compensation Management
• Succession Planning
• Resource Planning
• Employee Engagement
• Talent Acquisition

Corporate Governance

The appointment of Ms. Bawa was disclosed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. IndoStar Capital Finance Limited promptly informed the National Stock Exchange of India Limited and BSE Limited about this significant personnel change, demonstrating its commitment to transparent corporate governance.

Company's Perspective

By bringing Ms. Bawa on board, IndoStar Capital Finance Limited appears to be strengthening its human resources capabilities. Her extensive experience in the financial sector, combined with her expertise in various HR functions, is likely to contribute to the company's strategic human capital management and overall organizational development.

This appointment underscores IndoStar's focus on building a strong leadership team to drive its business forward in the competitive financial services landscape. As the company continues to evolve, Ms. Bawa's role will be crucial in aligning human resources strategies with the organization's broader business objectives.

The financial community and stakeholders will be watching closely to see how this new addition to the senior management team will influence IndoStar Capital Finance's human resources policies and practices in the coming years.

IndoStar Capital Finance has completed another strategic divestment of its stressed commercial vehicle loan portfolio to Phoenix ARC Private Limited. The NBFC announced the transaction through a regulatory filing, marking continued efforts to reduce its stressed asset burden and improve portfolio quality.

Latest Transaction Details

The company has sold commercial vehicle loans with outstanding dues of ₹135.73 crores to Phoenix ARC Private Limited. The transaction was completed on December 29, 2025, with Phoenix ARC paying a consideration of up to ₹108.55 crores.

Regulatory Framework

IndoStar Capital Finance executed this transaction in full compliance with regulatory requirements. The company informed stock exchanges through a filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The accounts were resolved following the Master Directions – Reserve Bank of India (Transfer of Loan Exposures) Directions 2021, as amended.

Strategic Portfolio Management

This latest divestment represents IndoStar's ongoing strategy to clean up its balance sheet and reduce stressed assets. The 80.00% recovery rate on the outstanding dues demonstrates effective asset resolution in the current market environment. The transaction allows the company to:

• Further reduce stressed asset exposure
• Improve overall loan book quality
• Free up capital for deployment in performing assets
• Strengthen financial position through portfolio optimization

Market Implications

The successful completion of this asset sale reflects IndoStar Capital Finance's proactive approach to managing its commercial vehicle finance portfolio. Such strategic moves are typically viewed favorably by investors as they demonstrate management's commitment to maintaining asset quality and financial discipline in the competitive NBFC sector.