Sera Investments & Finance India Limited has announced the resignation of Mr. Bharat Balachandran from his position as Non-Executive Independent Director. The resignation was communicated to BSE Limited on December 24, 2025, as part of the company's regulatory disclosure requirements under SEBI regulations.

Director Resignation Details

The company filed the resignation disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015, providing comprehensive details about the directorial change. Mr. Balachandran's departure represents a significant board composition change for the financial services company.

Reason for Resignation

According to the company's regulatory filing, Mr. Balachandran cited being "pre-occupied in his own personal business" as the primary reason for his resignation. The director submitted his resignation with immediate effect, indicating his inability to continue fulfilling his directorial responsibilities due to personal business commitments.

In his resignation communication, Balachandran expressed gratitude for the opportunity to serve on the board, stating his intention to continue supporting the company's success "as a bystander." The resignation letter was submitted directly to the Managing Director of Sera Investments Finance Limited.

Regulatory Compliance

The company has fulfilled all regulatory requirements associated with the directorial resignation. As mandated by SEBI regulations, the filing includes confirmation that there are no other material reasons beyond those disclosed for the resignation. The company has also confirmed that the resigning director does not hold directorships in any other listed entities.

Board Composition Impact

With Balachandran's departure, Sera Investments & Finance India Limited will need to address the vacancy in its independent director position to maintain compliance with corporate governance requirements. The company's whole-time director, Sagar Samir Shah (DIN: 03082957), signed the regulatory disclosure, ensuring proper documentation of the board change.

The resignation represents a brief directorial tenure, with Balachandran serving less than eight months on the board before deciding to step down due to personal business priorities.

Sera Investments & Finance India Limited has announced a significant change in its key management personnel. The company's Board of Directors has approved the resignation of Mr. Tapesh Sharma from his position as Company Secretary and Compliance Officer.

Board Meeting Details

The decision was made during a board meeting held on October 1, 2025. The meeting, which commenced at 17:10 and concluded at 18:00, was presided over by the company's Whole-Time Director, Mr. Sagar Samir Shah.

Resignation Effective Immediately

According to the company's filing with the BSE, Mr. Tapesh Sharma's resignation takes effect from October 1, 2025, coinciding with the date of the board meeting. This immediate transition suggests a swift change in the company's compliance leadership.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. This regulation mandates listed entities to disclose material events or information to the stock exchanges promptly.

Company Background

Sera Investments & Finance India Limited, with its Corporate Identification Number (CIN) L51900GJ1985PLC110976, is based in Ahmedabad, Gujarat. The company operates from its registered office at 306 & 307, Ashirwad Paras 1, Opposite Andaz Party Plot, Makarba, SG Highway, Ahmedabad.

Looking Ahead

The company has not yet announced a replacement for the position of Company Secretary and Compliance Officer. Investors and stakeholders will likely be watching closely for further updates on this key management role.

As the financial services sector continues to evolve, changes in key compliance positions such as this can be significant for companies like Sera Investments & Finance India Limited.