SI Capital Financial Services Limited has announced the cessation of Mr. Vinod Manazhy as Independent Director, effective December 9, 2025. The company filed the mandatory disclosure under Regulation 30 of SEBI Listing Regulations on December 26, 2025, informing BSE Limited about the directorial change.

Director Cessation Details

The company provided comprehensive details about the directorial change in its regulatory filing:

Mr. Manazhy's departure also resulted in his cessation as member and chairman of various board committees, as disclosed in the company's filing to the stock exchange.

Compliance Disclosure

SI Capital Financial Services acknowledged a delay in submitting the mandatory intimation to the exchange. The company attributed this delay to unforeseen circumstances affecting key compliance personnel. In response to this lapse, the management has outlined corrective measures:

• Strengthening internal compliance processes
• Implementing measures to avoid future recurrence
• Enhanced oversight of regulatory filing timelines

The company filed the disclosure in accordance with Schedule III-Para A(7B) of Part A of the Listing Regulations, along with relevant SEBI Master Circulars dated November 11, 2024, and December 31, 2024.

Corporate Governance Impact

The cessation represents a routine corporate governance transition following the completion of the director's appointed tenure. The company has made the disclosure information available on its official website at www.sicapital.co.in , ensuring transparency for stakeholders and investors.

SI Capital Financial Services, headquartered in Pollachi, Tamil Nadu, continues its operations in the financial services sector while managing this board transition in compliance with regulatory requirements.

SI Capital & Financial Services Limited, a financial services company, has released its unaudited financial results for the quarter ended September 30, 2023, revealing a mixed performance with increased revenue but a net loss.

Key Financial Highlights

All figures in lakhs

Quarterly Performance

SI Capital & Financial Services reported a net loss of ₹10.88 lakhs for the quarter ended September 30, 2023, compared to a profit of ₹4.54 lakhs in the same quarter last year. This represents a significant downturn in profitability. However, the company showed improvement from the previous quarter's loss of ₹20.12 lakhs, indicating some recovery in its financial position.

Despite the loss, the company's total revenue from operations increased substantially to ₹90.96 lakhs from ₹60.27 lakhs year-over-year, marking a growth of 50.92%. This increase was primarily driven by higher interest income, which stood at ₹90.33 lakhs for the quarter.

Half-Year Results and Loan Portfolio

For the half-year period, SI Capital & Financial Services achieved a profit of ₹31.00 lakhs, a notable improvement from a loss of ₹24.72 lakhs in the previous year. This turnaround in the half-yearly results suggests that the company's overall performance for the year might be on an upward trajectory despite the quarterly loss.

The company's loan portfolio expanded significantly, reaching ₹4,144.92 lakhs from ₹1,129.32 lakhs, indicating a substantial increase in lending activities.

Operational Costs

All figures in lakhs

The company saw a marginal increase in finance costs, rising to ₹19.39 lakhs from ₹19.16 lakhs. Employee benefit expenses rose more significantly to ₹25.23 lakhs from ₹17.39 lakhs, reflecting a 45.08% increase.

Financial Stability and Shareholder Returns

SI Capital & Financial Services maintained a robust capital adequacy ratio of 46.04%, well above regulatory requirements, indicating strong financial stability. The company reported basic earnings per share of ₹0.22 for the quarter.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on November 13, 2023. The company has made these results available on its website at www.sicapital.co.in , as per regulatory requirements.

While the quarterly loss is a concern, the increased revenue and improved half-yearly results suggest that SI Capital & Financial Services is navigating through a challenging period with some positive indicators for future growth.