Repco Home Finance Limited has made significant announcements regarding changes in its senior management. On 20th November 2024, Mrs. Shanthi Srikanth tendered her resignation as the Chief Risk Officer (CRO) of the company and simultaneously assumed the role of Chief Financial Officer (CFO), becoming part of the Key Managerial Personnel of Repco Home Finance. This change follows a prior notification from the company, dated 12th November 2024, where Mrs. Srikanth's appointment as the CFO had already been approved by the Board of Directors.

Resignation of Chief Risk Officer

As per the announcement, Mrs. Shanthi Srikanth resigned from her position as Chief Risk Officer effective 20th November 2024. The reason for her resignation is directly related to her new appointment as the CFO, and there are no other material reasons stated for her decision. Her resignation letter, which has been shared as part of the official filing, confirmed that there was no further reason for her departure other than her transition to the role of CFO.

Appointment as Chief Financial Officer

Alongside the resignation, Mrs. Shanthi Srikanth has officially taken over the position of Chief Financial Officer of Repco Home Finance, effective 20th November 2024. As the new CFO, she will also be classified as Key Managerial Personnel (KMP) within the company’s Senior Management. Mrs. Srikanth brings with her a wealth of experience, having worked in the Banking, Financial Services, and Insurance (BFSI) sector for over 29 years, which includes significant tenures in both public sector banks and private sector banks.

Professional Background and Qualifications

Mrs. Shanthi Srikanth is a Chartered Accountant from the Institute of Chartered Accountants of India and holds a Bachelor’s degree in Commerce. She is also a Certified Associate of the Indian Institute of Bankers and has completed her ACS (Inter). Over the course of her career, she has built a strong profile, particularly in Corporate Credit, SME Credit, Retail Credit, Relationship Management, Recovery Management, and Enterprise-wide Risk Management. Her extensive expertise in the BFSI sector is expected to greatly contribute to the company’s future financial strategy and risk management processes.

SEBI Disclosure Compliance

In accordance with SEBI's regulations under the Listing Obligations and Disclosure Requirements (LODR), the company has provided the necessary details in this intimation. These disclosures are made in line with the SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated 13th July 2023, ensuring full compliance with the relevant regulations regarding senior management changes.

Company’s Response and Acknowledgment

In the official intimation, Repco Home Finance expressed its gratitude to Mrs. Srikanth for her contribution in her previous role and extended a warm welcome to her as the new CFO. The company has also confirmed that the resignation and appointment have been duly recorded and made public, in adherence to the regulatory requirements, and this information has been uploaded on the company’s official website.

Future Outlook and Company’s Strategy

With this senior leadership transition, Repco Home Finance is poised to strengthen its financial position and further develop its risk management strategies under the capable leadership of Mrs. Srikanth. Her combined expertise in both finance and risk management will play a pivotal role as the company navigates the challenges and opportunities in the home finance sector.

Repco Home Finance's strong focus on corporate governance and regulatory compliance reflects its ongoing commitment to providing transparency and upholding the interests of its stakeholders. This move is seen as a positive step in the company’s long-term strategy for growth and stability in the competitive home finance market.

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