Purshottam Investofin Limited announced a significant leadership change in its finance department following a Board of Directors meeting held on December 16, 2025. The company executed a seamless CFO transition with both resignation and appointment taking effect on the same day.

Board Meeting Outcomes

The Board meeting, which commenced at 4:30 PM and concluded at 5:10 PM on December 16, 2025, addressed critical leadership changes in the company's financial management structure. The directors considered and approved two interconnected decisions regarding the Chief Financial Officer position.

Outgoing CFO Resignation

Mr. Suraj Kumar submitted his resignation from the position of Chief Financial Officer effective December 16, 2025, at the close of business hours. In his resignation letter, Kumar cited his decision to pursue other avenues in his professional career as the primary reason for leaving the company. He confirmed that no other material reasons existed beyond those stated for his departure.

Kumar expressed gratitude for the opportunity to work with Purshottam Investofin Limited and thanked the management for their cooperation throughout his employment tenure. He requested the company to file necessary resignation notices with the Registrar of Companies and inform stock exchanges as per regulatory requirements.

New CFO Appointment

The Board, acting on the recommendation of the Nomination Remuneration Committee, appointed Mr. Ravi Kumar Purohit (PAN: AFTPP0055J) as Chief Financial Officer and Whole-time Key Managerial Personnel. The appointment became effective December 16, 2025, at the close of business hours, ensuring no gap in financial leadership.

New CFO Profile and Responsibilities

Mr. Ravi Kumar Purohit brings relevant educational background as a Commerce graduate (B.Com) along with substantial experience and knowledge in multiple financial domains. His expertise spans financial planning and analysis, accounting, taxation, and auditing practices.

Under the terms of his appointment, Purohit will oversee all compliance-related financial matters and handle other related compliances, rules, and regulations applicable to the company from time to time. This comprehensive role positions him to manage the company's entire financial compliance framework.

Regulatory Compliance

The company fulfilled its disclosure obligations under SEBI (LODR) Regulations, 2015, read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. All relevant details regarding the CFO transition were properly documented and submitted to BSE Limited's Corporate Relationship Department as required under Regulation 30.

Success Merchants Private Limited has acquired a significant stake in Purshottam Investofin Limited through open market transactions, as disclosed in a regulatory filing dated December 9, 2025. The acquisition represents a substantial investment in the finance sector company.

Acquisition Details

The transaction involved the purchase of 3,78,020 equity shares of face value ₹10 each, representing 5.09% of Purshottam Investofin Limited's paid-up equity share capital. The acquisition was completed through open market purchases conducted over an extended period.

Shareholding Pattern Changes

Prior to this acquisition, Success Merchants Private Limited held no shares in Purshottam Investofin Limited. The company's shareholding position before and after the transaction shows a clear increase from zero holdings to a 5.09% stake.

Company Information

Purshottam Investofin Limited maintains a total equity share capital of ₹7,42,32,950, consisting of 74,23,295 equity shares of ₹10 each. The company's share capital structure remained unchanged following this acquisition, with the total diluted share capital continuing at the same level.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Success Merchants Private Limited, based in Kolkata, confirmed that it does not belong to the promoter or promoter group of Purshottam Investofin Limited. The acquisition represents a strategic investment by the acquirer in the target company's equity shares through legitimate market transactions.