Indus Finance Limited Announces Key Leadership Changes and Auditor Appointment at 34th AGM

2 min read Updated on 25 Jul 2025, 05:18 PM

Reviewed by

Riya DScanX News Team

Overview

Indus Finance Limited (BSE: 531841) has made significant changes in its leadership and governance structure following its 34th Annual General Meeting. KRA & Associates has been appointed as Secretarial Auditors for a five-year term. Mr. Bala Venckat Kutti has been elevated to Managing Director for a five-year term. Ms. KBK Vasuki has been re-appointed as an Independent Director for a second five-year term. All changes were approved by shareholders and disclosed to the BSE in compliance with SEBI regulations.

*this image is generated using AI for illustrative purposes only.

Indus Finance Limited , a company listed on the Bombay Stock Exchange (BSE: 531841), has announced significant changes in its leadership and governance structure following its 34th Annual General Meeting (AGM) held on July 23, 2025. The company disclosed these developments in a filing to the BSE, demonstrating its commitment to transparency and compliance with regulatory requirements.

New Secretarial Auditor Appointed

Indus Finance has appointed KRA & Associates as its Secretarial Auditors for a five-year term. This appointment, spanning from FY 2025-26 to FY 2029-30, was approved by shareholders based on recommendations from the Audit Committee and Board of Directors.

Leadership Transition: New Managing Director

In a significant leadership change, Mr. Bala Venckat Kutti's role has been elevated from Executive Director to Managing Director. This change in designation, effective from May 27, 2025, for a five-year term ending May 26, 2030, was approved by shareholders following recommendations from the Nomination & Remuneration Committee and the Board of Directors.

Reappointment of Independent Director

Ms. KBK Vasuki has been re-appointed as an Independent Director for a second five-year term, from July 29, 2025, to July 28, 2030. This reappointment underscores the company's confidence in her continued contribution to the board.

Shareholder Approval and Regulatory Compliance

All these appointments and changes were approved by shareholders at the AGM. The company has duly informed the BSE about these developments, adhering to the disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Indus Finance Limited's proactive approach in strengthening its leadership and governance structure signals its commitment to long-term growth and regulatory compliance. These strategic changes are expected to guide the company through its next phase of development in the dynamic financial services sector.

Historical Stock Returns for Indus Finance