In a significant corporate update, Haryana Capfin Limited has announced the appointment of Mr. Vijay Kaushik as its Non-Executive Independent Director. The appointment, effective December 30, 2024, marks an important addition to the company's Board of Directors. Mr. Kaushik’s extensive experience in the manufacturing business and his deep industry knowledge are expected to bring a fresh perspective to the company's future growth and development.

About the Appointment of Mr. Vijay Kaushik

Haryana Capfin, a leading financial and manufacturing company, has appointed Mr. Vijay Kaushik as an Additional Director. This appointment is based on the recommendation of the Nomination and Remuneration Committee, and Mr. Kaushik will serve a term of five years, subject to the approval of the company's shareholders. Notably, he will not be liable to retire by rotation, allowing him to serve a fixed tenure.

The company has emphasized that Mr. Kaushik has no inter-se relations with any of the other directors on the Board. His appointment comes after thorough checks, confirming that he is not debarred from holding a director's position by SEBI or any other authority.

Mr. Kaushik’s Professional Background

Mr. Vijay Kaushik brings more than 40 years of experience in the manufacturing sector, particularly in areas such as harrow disc agriculture, coal rolling of stainless-steel coils, and steel pipes. He began his business ventures in 1978 and has since built a strong network and industry relationships that span two decades. His extensive experience gives him in-depth knowledge of product demand, market dynamics, and the overall manufacturing industry.

Additionally, Mr. Kaushik is an active director in multiple listed and unlisted companies, enhancing his credibility and expertise. This wealth of experience positions him well to contribute meaningfully to Haryana Capfin’s growth trajectory.

Corporate Governance and Transparency

The appointment of Mr. Kaushik follows the company's strong commitment to maintaining the highest standards of corporate governance. Haryana Capfin’s decision to publicly disclose this appointment underscores its ongoing commitment to transparency and accountability in its operations. The company has adhered to the SEBI Listing Regulations, ensuring that all necessary disclosures and procedures are followed.

In line with these regulatory requirements, Haryana Capfin has provided detailed information about the appointment, including Mr. Kaushik's professional background, the terms of his appointment, and the absence of any inter-relations with the company's other directors. This level of transparency further reinforces the company’s commitment to good governance practices.

Future Outlook and Strategic Vision

The appointment of Mr. Vijay Kaushik to the Board of Haryana Capfin comes at a crucial time as the company continues to strengthen its position in the financial sector. With Mr. Kaushik's vast experience, Haryana Capfin is poised to enhance its market strategies, navigate industry challenges, and leverage new opportunities in the manufacturing and financial services sectors.

Haryana Capfin’s management team remains committed to driving growth and creating value for its shareholders and stakeholders. As part of its strategic vision, the company is expected to focus on expanding its business operations, optimizing its product portfolio, and capitalizing on emerging trends in the global market.

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