Repco Home Finance Limited (RHFL) has announced the appointment of Mr. A. Palpandi as the company’s new Chief Operating Officer (COO). This decision, effective from April 21, 2025, reflects a strategic move by the company to strengthen its senior management team. Mr. Palpandi, previously serving as General Manager at RHFL, brings with him over 28 years of extensive experience in the banking and housing finance sector.

Reason for Appointment
The appointment of Mr. Palpandi as COO is part of the company’s ongoing efforts to enhance its leadership capabilities and operational efficiency. His elevation to this position comes as RHFL looks to focus on expanding its operations and improving service delivery across the housing finance sector. As COO, Mr. Palpandi will play a critical role in the company’s day-to-day operations, ensuring smooth functioning across all departments and driving future growth strategies.

Terms of Appointment
Mr. Palpandi will join RHFL as a full-time employee and will be governed by the company's established policies for senior management positions. His primary responsibilities will include overseeing the operational management of the company, implementing strategic initiatives, and maintaining high standards of efficiency and service across all of RHFL’s business divisions.

Professional Background
Mr. Palpandi’s career spans over nearly three decades, during which he has gained significant expertise in various roles within banking and housing finance. He holds a Bachelor's degree in Arts, a Master’s degree in Business Administration with a focus on Financial Management, and a Post Graduate Diploma in Computer Applications. Before joining RHFL, he was associated with IND Bank Housing Ltd, where he worked for more than five years, gaining valuable experience in areas such as credit management, operations, recovery, and administration.

Since joining Repco Home Finance in 2002, Mr. Palpandi has held several significant roles, contributing to the growth and operational success of the company. His extensive background in handling diverse portfolios including human resources, sales, legal, and regional office management has prepared him well for his new role.

Impact on the Company
The appointment of a new Chief Operating Officer is a crucial step in the company’s strategic journey, marking a new phase of leadership. This leadership change is expected to bring fresh perspectives on managing day-to-day operations, scaling business processes, and enhancing customer satisfaction. With his wealth of experience, Mr. Palpandi is well-positioned to lead RHFL through the evolving landscape of housing finance.

Regulatory Compliance
In accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, RHFL has made this announcement public within the stipulated timeline, ensuring full transparency. The company has complied with all regulatory requirements, including those outlined by the SEBI circular dated 13th July 2023.

The appointment is also consistent with the company’s commitment to ensuring good governance and accountability within the leadership framework. As part of this process, the company has uploaded this disclosure on its official website to inform stakeholders, investors, and the public of this key leadership update.

Conclusion
Repco Home Finance's appointment of Mr. A. Palpandi as Chief Operating Officer marks a significant milestone for the company. His broad expertise and proven track record in housing finance and banking will likely play a pivotal role in driving the company’s continued success. With Mr. Palpandi at the helm of operations, RHFL is poised to further strengthen its market position and operational efficiency in the coming years.

This development is seen as a positive move for the company, ensuring that it remains competitive in the rapidly evolving housing finance sector. The company is expected to continue focusing on operational excellence and growth under Mr. Palpandi's leadership.

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