Repco Home Finance Limited — Others, 06-03-2025: Shareholders meeting

Repco Home Finance Limited has announced a board meeting to seek shareholder approval via postal ballot for the appointment of Mr. Thangappan Karunakaran as Managing Director & Chief Executive Officer for three years, effective upon approval. Mr. Karunakaran, currently the Chief Operating Officer, has extensive experience in the housing finance sector. His proposed annual compensation is set at ₹80 crore, comprising fixed pay, allowances, and a performance-linked incentive. This appointment comes following the recent vacancy left by the previous MD's retirement, and is crucial for the company’s leadership continuity. Investor sentiment may lean positively, given Mr. Karunakaran’s familiarity with the company and market.