Rajath Finance has announced significant changes in its leadership and approved several important transactions, as per the company's latest disclosure to the Bombay Stock Exchange (BSE).

New Leadership Appointment

The Board of Directors of Rajath Finance, in its meeting held on August 26, 2025, approved the appointment of Mr. Shanker Raman Siddhanathan (DIN: 11092783) as an Additional Director and Managing Director of the company. Mr. Siddhanathan's appointment is effective from August 23, 2025, for a term of five consecutive years, subject to shareholder approval at the upcoming 40th Annual General Meeting (AGM).

Professional Background

Mr. Siddhanathan, aged 47, brings over 25 years of experience as a finance professional to Rajath Finance. His expertise spans operational leadership, managing lending operations, and heading customer excellence initiatives. Prior to joining Rajath Finance, he held positions at prominent financial institutions including Adani Capital Private Limited, Lendingkart Finance Limited, U Gro Capital Private Limited, and Religare Finvest Limited. Mr. Siddhanathan holds an MBA in Banking & Finance.

Key Approvals and Transactions

The board meeting also resulted in several other significant decisions:

1. Approval of related party transactions with multiple directors, including:

   • Independent Directors: Mr. Ashok Kumar Nag, Mr. Sarat Kumar Malik, Mrs. Vijaya Gupta, and Mrs. Anjali Sharma
   • Non-Executive Director: Mr. Ashok Kumar Mittal
   • Key Management Personnel: Mr. Akash Bhedda (Company Secretary) and Mrs. Preeti Mhatre (CFO)

2. Approval of remuneration for Mr. Ashok Kumar Mittal (Non-Executive Director) and Mr. Shanker Raman Siddhanathan (Managing Director)

3. Increase in the company's borrowing limit

4. Approval of a related party transaction with Lord Krishna Financial Services Limited

5. Approval of the Board of Directors' report and its annexures for the year ended March 31, 2025

Preparations for the Annual General Meeting

The board has also taken steps to prepare for the upcoming AGM:

• Fixed the day, date, time, and venue for the 40th AGM
• Approved the draft notice of the AGM-2025 for publication in newspapers
• Appointed M/s. PHD & Associates as scrutinizer for e-voting results and voting through poll at the AGM

These developments signal Rajath Finance's focus on strengthening its leadership, ensuring regulatory compliance, and preparing for shareholder engagement through the upcoming AGM. The appointment of Mr. Siddhanathan as Managing Director, with his extensive experience in the financial sector, may indicate the company's intentions to enhance its operational capabilities and strategic direction in the coming years.

Rajath Finance Limited (formerly known as Rajath Finance Limited) has released its financial results for the first quarter, ending June 30. The company reported a mixed performance with improved revenue but continued losses.

Financial Highlights

• Net Loss: FynX Capital reported a net loss of ₹56.65 lakhs, an improvement from the net loss of ₹65.96 lakhs in the same quarter last year.
• Revenue: Total income from operations increased to ₹48.68 lakhs, up from ₹34.30 lakhs in the corresponding quarter.
• Expenses: Total expenses stood at ₹105.76 lakhs for the quarter.
• Earnings Per Share (EPS): The company's EPS was negative at ₹0.28.

Balance Sheet and Cash Position

FynX Capital's balance sheet showed significant changes in its cash position:

Rights Issue and Fund Utilization

The company completed a rights issue on March 25, raising ₹1,600 lakhs. As of June 30:

• Utilized Funds: ₹605.05 lakhs
• Unutilized Funds: ₹994.95 lakhs, temporarily parked in liquid instruments

The funds are allocated for:

1. Augmentation of Capital Base for NBFC operations
2. General Corporate Purposes
3. Issue-related Expenses

Management Commentary

The board of directors approved these unaudited financial results in their meeting held on July 23. The meeting commenced at 12:00 PM and concluded at 03:35 PM.

Auditor's Review

N. C. Vaishnav & Co., Chartered Accountants, conducted a limited review of the financial results for the quarter ended June 30. They reported that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

FynX Capital Limited continues to navigate challenges in the financial services sector, focusing on improving its operational performance and utilizing the recently raised funds for growth initiatives.

Note: All figures are in Indian Rupees (₹) unless otherwise stated.