In a significant development for the financial sector, Inditrade Capital Limited has officially confirmed the resignation of its Chief Financial Officer and Manager, Mr Biju Sreeramachandran, effective close of business hours on 16th May 2025. The reason cited for his resignation is personal.

The resignation was communicated through a formal letter addressed to BSE Limited under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company clarified that all necessary disclosures were made and documentation was provided in compliance with the regulatory framework, including Annexure A and a copy of the resignation letter.

Mr Biju Sreeramachandran, who has played a key role in managing the company’s financial and operational affairs, submitted his resignation voluntarily. There were no remarks or controversies attached to his resignation, and the company emphasized that the departure is not related to any performance or compliance issue.

Annexure A Disclosure Details

The attached Annexure A provides a standard set of disclosures required by SEBI for any key managerial personnel (KMP) changes. The details include:

• Reason for change: Resignation due to personal reason

• Effective Date: 16th May 2025, from the close of business hours

• Brief Profile: Not applicable, as no new appointment was made

• Disclosure under Regulation 30 read with Clause 7B: Not applicable

• Disclosure of Relationships with Directors: Not applicable

These disclosures are in line with SEBI Circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated 13th July 2023, which requires companies to submit detailed updates when there are changes in board composition or key executives.

Importance of the CFO Role

The Chief Financial Officer plays a crucial role in the financial strategy, risk management, and corporate governance of a company. The resignation of a CFO can potentially affect investor sentiment, but in this case, the resignation was amicable and transparent. There is no indication of internal conflict or corporate governance issues.

Mr Sreeramachandran’s contributions to Inditrade Capital included overseeing major financial projects, driving compliance initiatives, and managing investor relations. His departure, while significant, is expected to be managed smoothly by the company.

Regulatory Compliance Maintained

Inditrade Capital has shown strict adherence to SEBI disclosure regulations, ensuring that the resignation was made public in a timely and compliant manner. Such corporate transparency helps reinforce investor trust, especially in publicly listed companies where executive-level changes may trigger speculation.

This filing demonstrates the company’s commitment to transparency and good governance, reassuring stakeholders that there is no material impact from the resignation at this time.

What’s Next for Inditrade Capital

The company has not yet disclosed the name of a successor for the CFO position. Generally, such appointments follow internal evaluations and board approvals. It is expected that a formal announcement regarding the new CFO or interim management arrangements will be made shortly.

Investors and market watchers will be closely monitoring the company’s next move to understand how it plans to fill this key leadership role.

About Inditrade Capital Limited

Inditrade Capital Limited is a diversified financial services group with interests in microfinance, lending, digital finance, and insurance broking. The company has been known for its innovative financial products and strong compliance culture. Its leadership team plays a significant role in guiding strategic growth, and the exit of a top executive like the CFO naturally draws attention.

Despite the resignation, the company remains operationally strong, and no disruptions in daily business operations have been reported.

Final Observations

The resignation of Biju Sreeramachandran as CFO and Manager of Inditrade Capital Limited appears to be a routine personal decision, with no red flags or governance concerns. The company has demonstrated professionalism and regulatory responsibility by filing the disclosure promptly and transparently.

As the company prepares to move forward and appoint a new CFO, it remains well-positioned to continue its financial and operational journey. Investors should expect further updates from the board regarding the appointment of a successor in the coming weeks.

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