Sakthi Finance Authorizes Four Key Managerial Personnel for Material Event Disclosures

Sakthi Finance Limited has authorized four Key Managerial Personnel including Vice Chairman M Balasubramaniam, CFO K Sundaramurthy, and Company Secretary S Venkatesh to determine materiality of events and make stock exchange disclosures. The authorization follows changes in senior management and ensures compliance with SEBI listing regulations for the finance company.

Sakthi Finance Appoints B Senthil Nathan as Chief Operating Officer

Sakthi Finance's Board of Directors appointed B Senthil Nathan, a Chartered Accountant with over 4 decades of experience, as Chief Operating Officer with effect from December 6, 2025. K S Venkitasubramanian relinquished his position as COO on the same date, with Nathan becoming a Key Managerial Personnel of the company.

Sakthi Finance Reports 52% Drop in Quarterly Profit, Raises ₹150 Crores Through NCD Issue

Sakthi Finance Limited reported a net profit of ₹376.14 lakhs for the quarter ended September 30, 2025, compared to ₹788.06 lakhs in the same quarter last year. For the half-year period, net profit declined to ₹788.06 lakhs from ₹1,665.15 lakhs in the previous year. The company successfully raised ₹150 crores through a public issue of Non-Convertible Debentures (NCDs) during the quarter, with allotment completed on August 29, 2025. The Board approved the redemption of NCDs worth ₹5,673.13 lakhs and ₹1,603.70 lakhs from earlier issues. The company also raised ₹7.66 crores through private placement of preference shares and increased its authorized capital by adding 20 lakh preference shares. Gross Non-Performing Assets (GNPA) ratio stood at 4.92% while Net NPA ratio was 2.17%. The security cover for NCDs maintained at 1.10 times as required.

Sakthi Finance Seeks Shareholder Approval for Appointment of Saurabh Jain as Independent Director

Sakthi Finance Limited has issued a postal ballot notice seeking shareholder approval for the appointment of Saurabh Jain (DIN: 02322422) as a Non-Executive, Independent Director for a five-year term from September 27, 2025 to September 26, 2030. The Board of Directors appointed Jain as an Additional Director based on the Nomination and Remuneration Committee's recommendation. Jain is a chartered accountant with over 20 years of experience in finance, capital markets, and investment banking, and is the Founder and Director at Think Capital. The remote e-voting will commence on October 6, 2025 at 9:00 AM and conclude on November 4, 2025 at 5:00 PM, with results to be declared by November 7, 2025. The appointment requires a special resolution and is subject to regulatory compliance under the Companies Act 2013 and SEBI Listing Regulations.