Unifinz Capital India Limited has announced the resignation of Pawan Kumar Mittal from its Board of Directors. Mittal, who served as a Non-executive and Non-independent Director, will step down effective October 31, 2025, at the close of business hours.

Resignation Details

Key Points

• Mittal submitted his resignation letter on October 25, 2025, providing a week's notice to the company.
• In his resignation letter, Mittal confirmed that there are no material reasons for his resignation other than the personal reasons stated.
• He has requested to be relieved from all duties, obligations, and responsibilities associated with his role as Director, including any committee memberships.
• Unifinz Capital India Limited has informed BSE Limited about the resignation, complying with SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015.

Corporate Governance Implications

The resignation of a board member, especially a non-executive director, can have implications for a company's corporate governance structure. The company will need to ensure that it maintains an appropriate balance of skills and experience on its board following Mittal's departure.

Regulatory Compliance

In line with regulatory requirements, Unifinz Capital India Limited has:

1. Provided details as required under Schedule III- Para A(7B) of Part A of the Listing Regulations.
2. Submitted the resignation letter received from Pawan Kumar Mittal to the BSE.
3. Instructed the Company Secretary and Compliance Officer, Ritu Tomar, to handle the necessary filings and intimations to concerned authorities.

The company's prompt disclosure of this change in directorship demonstrates its commitment to transparency and adherence to regulatory standards.

Unifinz Capital India Limited has announced significant changes to its board of directors and key managerial personnel. The company has appointed three new directors, bringing fresh expertise and diverse experience to its leadership team, while also seeing a transition in its Chief Financial Officer position.

Board Appointments

The following appointments were made on October 14, 2025:

Professional Backgrounds

Mr. Manish Aggarwal

• Chartered Accountant with over 15 years of experience
• Expertise in taxation, finance, and accounting across real estate, broadcasting, and corporate sectors
• Skilled in statutory compliance, audits, GST migration, and fund management

Mrs. Ritu Sharma

• Commerce graduate with PG Diploma in Business Administration
• Over 9 years of experience in treasury and financial management
• Previously served as Chief Financial Officer until October 13, 2025
• Certified in insurance (AICPCU), Lean methodology, and holds NISM V-A certification

Mr. Shubh Charn Bansal

• Chartered Accountant with over 22 years of experience
• Expertise in financial management, statutory compliance, taxation, and internal controls
• Currently associated with JIO Platforms Limited as Deputy General Manager

Appointment Process

The appointments were made based on recommendations from the Nomination and Remuneration Committee and received prior approval from the Reserve Bank of India on August 27, 2025. All three directors have been confirmed to not be debarred from holding director positions by any regulatory authority.

CFO Transition

Ritu Sharma resigned from her position as Chief Financial Officer of Unifinz Capital India Limited, effective October 13, 2025. Her resignation coincides with her appointment as a Non-Executive Non-Independent Director of the company. The Board of Directors acknowledged her resignation during their meeting held on October 14, 2025. The company has provided the required regulatory disclosures regarding this key managerial personnel change.

These strategic appointments and the transition of Mrs. Sharma from CFO to board member are expected to bring valuable insights and strengthen the company's governance structure. Shareholders will have the opportunity to approve these appointments in the upcoming general meeting.

Unifinz Capital India Limited's move to diversify its board with experienced professionals from various financial backgrounds, while also facilitating internal transitions, signals its commitment to robust corporate governance and strategic growth in the evolving financial landscape.