Manba Finance Limited — Others, 28-03-2025: Change in Management

Manba Finance Limited has announced a board meeting where key decisions were taken. Mr. Anshu Shrivastava will cease to be an Independent Director on March 31, 2025, due to the completion of his term. The board has appointed Mr. Nallepilly Ramaswami Parameswaran as the new Chairperson, effective April 1, 2025. Additionally, the board approved the reconstitution of various committees and appointed M/s Hiran Surana & Associates LLP as the Internal Auditor and M/s Ronak Jhuthawat & Co. as the Secretarial Auditor for the upcoming financial years.

These changes signal a strategic shift in governance, which may enhance operational oversight. Investors might view the leadership transition and strategic appointments as a potential positive outlook for strengthened governance and financial diligence.