Rajath Finance's Independent Director Sarat Kumar Malik Steps Down

Rajath Finance , formerly known as Fynx Capital Limited, has announced the resignation of Sarat Kumar Malik from his position as Independent Director, effective October 31, 2025. The company disclosed this information in compliance with SEBI regulations.

Resignation Details

Malik cited personal reasons for his departure from the board. In his resignation letter, he expressed his inability to continue in the role due to these undisclosed personal circumstances. The company has confirmed that there are no other material reasons for his resignation beyond those mentioned in his letter.

Board Positions

As part of the disclosure, Rajath Finance provided details of Malik's other board positions in listed entities:

Company Name	Position	Committee Role
5Paisa Capital Limited	Independent Director	Member of Nomination and Remuneration Committee
String Metaverse Limited	Independent Director	Chairman of Nomination and Remuneration Committee
Spacenet Enterprises India Limited	Independent Director	Chairman of Nomination and Remuneration Committee

Regulatory Compliance

The company submitted this information in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure is in line with SEBI's requirements for transparency in corporate governance matters.

Rajath Finance continues to operate from its headquarters in Mumbai. The company may need to initiate the process of finding a suitable replacement for the vacant Independent Director position to maintain compliance with corporate governance norms.

Investors and stakeholders are advised to monitor further announcements from the company regarding any potential appointments to the board in the wake of this resignation.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.73%	+14.33%	+9.93%	+234.76%	+234.76%	+234.76%

Rajath Finance , now known as FYNX Capital Limited, has announced a significant change in its board composition. Mr. Sarat Kumar Malik, an Independent Director of the company, has submitted his resignation, citing personal reasons.

Resignation Details

The company disclosed the following key information regarding Mr. Malik's resignation:

Aspect	Details
Resignation Date	October 31, 2025
Reason Provided	Personal reasons
Additional Information	No material reasons other than those mentioned in the resignation letter

Regulatory Compliance

In adherence to the Securities and Exchange Board of India (SEBI) regulations, specifically Regulation 30 of the Listing Obligations and Disclosure Requirements, FYNX Capital Limited has promptly informed BSE Limited about this board-level change. The company's compliance with these regulations underscores its commitment to transparency in corporate governance.

Company Response

Mr. Akash Hirenbhai Bheda, the Company Secretary & Compliance Officer of FYNX Capital Limited, officially communicated this development to the BSE. The company has confirmed that Mr. Malik provided his resignation via email, and they have duly processed the information as per regulatory requirements.

About FYNX Capital Limited

FYNX Capital Limited, trading under the BSE Scrip Code 507962, is headquartered at 1001 K P Aurum, Marol Maroshi Road, Andheri (E), Mumbai, Maharashtra. The company, which recently underwent a name change from Rajath Finance Limited, operates in the financial sector.

This board-level change comes at a time when companies are increasingly focusing on robust corporate governance structures. The resignation of an Independent Director, while cited as due to personal reasons, may prompt stakeholders to closely monitor subsequent appointments and their potential impact on the company's strategic direction.