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 , a non-banking financial company (NBFC), has taken a significant step to reduce its stressed assets by selling a portion of its commercial vehicle loan portfolio to Phoenix ARC Private Limited. The transaction, approved by the company's board, marks a strategic move to improve the quality of IndoStar's loan book.

Transaction Details

The sale of stressed vehicle loans involves a portfolio with outstanding dues of ₹309.60 crores. Phoenix Asset Reconstruction Company (ARC) has agreed to purchase this portfolio for a consideration of up to ₹220.30 crores. This transaction represents a recovery rate of approximately 71.16% on the book value of the loans, indicating a relatively strong resolution for stressed assets in the current market conditions.

Regulatory Compliance

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

Strategic Implications

This move by IndoStar Capital Finance reflects a proactive approach to managing its loan portfolio. By divesting non-performing vehicle finance assets, the company aims to:

• Reduce its stressed asset burden
• Improve overall asset quality
• Potentially free up capital for more productive uses
• Enhance focus on core, performing assets

Market Response

The sale of stressed assets is often viewed positively by the market as it demonstrates a company's commitment to cleaning up its balance sheet. Investors and analysts will likely monitor how IndoStar utilizes the proceeds from this sale and its impact on the company's financial health in the coming quarters.

Conclusion

IndoStar Capital Finance's decision to sell a significant portion of its stressed commercial vehicle loan portfolio to Phoenix ARC is a strategic move aimed at strengthening its financial position. As the company continues to navigate the challenges in the vehicle finance sector, such portfolio management actions may play a crucial role in shaping its future performance and market perception.