Northlink Fiscal & Capital Services Limited has announced the appointment of CS Sumita Uppal as Company Secretary and Compliance Officer, marking a key addition to its leadership team. The appointment was approved during a board meeting held on January 6, 2026, and takes effect from the same date.

Board Meeting Details

The company's Board of Directors convened on January 6, 2026, to deliberate on the appointment. The meeting details are outlined below:

Appointee Profile and Qualifications

CS Sumita Uppal brings substantial expertise to her new role at Northlink Fiscal & Capital Services Limited. Her professional credentials and background include:

Regulatory Compliance

The appointment has been made in strict adherence to regulatory requirements. Northlink Fiscal & Capital Services Limited has fulfilled its disclosure obligations under multiple regulatory frameworks:

• Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• SEBI Circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123, dated July 13, 2023

The company has designated CS Sumita Uppal as a Key Managerial Person, reflecting the strategic importance of the Company Secretary and Compliance Officer role in the organization's governance structure.

Strategic Significance

The appointment of CS Sumita Uppal as Company Secretary and Compliance Officer represents Northlink Fiscal & Capital Services Limited's commitment to maintaining robust corporate governance standards. Her expertise in SEBI regulations and secretarial matters positions the company to effectively navigate the complex regulatory landscape governing financial services companies. The role encompasses ensuring compliance with listing obligations, disclosure requirements, and maintaining corporate governance best practices.

Northlink Fiscal & Capital Services Limited, an NBFC, has reported significant financial losses and regulatory challenges for the fiscal year ending March 31, 2025. The company's financial performance and compliance issues have raised concerns about its operational health.

Financial Performance

Northlink Fiscal's financial results show a substantial increase in net loss, rising from Rs 19.48 lakhs in the previous year to Rs 76.61 lakhs for the year ended March 31, 2025. This represents a significant deterioration in the company's financial performance.

Regulatory Challenges

The NBFC is facing multiple regulatory issues:

1. SEBI Penalties: The Securities and Exchange Board of India (SEBI) has imposed penalties totaling Rs 1 lakh on seven individuals, including directors of the company. This action by the market regulator indicates potential non-compliance with securities laws or regulations.

2. Compliance Issues: The company's auditors have flagged several compliance-related concerns, including:

   • Missing internal audit reports
   • Pending income tax audits

These compliance issues suggest potential gaps in the company's internal controls and regulatory adherence.

Implications

The combination of mounting financial losses and regulatory challenges paints a concerning picture for Northlink Fiscal & Capital Services Limited. The significant increase in net loss may indicate underlying operational issues or market challenges faced by the company.

The SEBI penalties and compliance issues highlighted by auditors raise questions about the company's governance practices and regulatory compliance framework. These factors could potentially impact investor confidence and the company's standing with regulatory bodies.

Stakeholders, including investors and regulatory authorities, may closely monitor Northlink Fiscal's actions to address these financial and compliance challenges in the coming months. The company may need to implement measures to improve its financial performance and strengthen its compliance mechanisms to regain stakeholder trust and ensure long-term sustainability.