In a significant leadership update, TruCap Finance Limited has announced the appointment of Mr. Saurabh Sethi as the Finance Head of the company. He has also been designated as Senior Management Personnel, effective July 07, 2025. This move aligns with the company’s broader goals of strengthening its finance function and driving strategic growth in alignment with SEBI's governance norms.

The announcement was made as part of the company’s formal disclosure to the stock exchanges, namely BSE Limited (Scrip Code: 540268) and National Stock Exchange of India Limited (Scrip Code: TRU), in compliance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The decision was taken by Board Resolution passed through circulation on July 07, 2025, upon the recommendation of the Nomination and Remuneration Committee.

A Seasoned Professional to Lead Financial Operations

Saurabh Sethi is a result-oriented Chartered Accountant with over 18 years of post-qualification experience in the financial services industry. His career spans across a diverse range of financial institutions including fintech startups, listed NBFCs (Non-Banking Financial Companies), and the globally reputed Big 4 audit firms.

Before joining TruCap Finance, Mr. Sethi served as the Finance Head at Trillionloans Fintech Private Limited, a BharatPe group company. His prior stints include key leadership roles at Snapmint, IndoStar Capital, Capital First, and Deloitte, where he played critical roles in:

• Equity and debt fundraisings

• IPO-related financial operations

• Implementation of financial systems for microfinance and retail lending

• Strengthening internal financial controls

This wealth of experience positions Mr. Sethi as a strategic addition to TruCap’s senior management team, especially at a time when the company continues to evolve in the highly dynamic NBFC and fintech space in India.

Governance and Compliance: A Structured Appointment Process

The appointment of Mr. Sethi was carried out in accordance with SEBI’s compliance framework, especially under Regulation 30 read with Schedule III of the Listing Regulations and further guided by SEBI’s circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. This regulatory disclosure ensures that investors and stakeholders are fully informed about changes in key management personnel.

An annexure accompanying the stock exchange notification detailed his background, date of appointment, reason for change, and clarified that there is no relationship with any existing director, thereby ruling out any conflict of interest.

Strengthening Finance for Strategic Growth

The decision to appoint Mr. Sethi reflects TruCap Finance’s commitment to reinforcing its leadership bandwidth with professionals capable of steering the company through its next phase of expansion and transformation.

As NBFCs increasingly move towards digital integration, enhanced risk frameworks, and robust governance models, having a Finance Head with extensive experience across sectors becomes vital. Mr. Sethi's background in both traditional finance and new-age fintech platforms equips him with the tools to tackle challenges such as:

• Managing diversified capital structures

• Ensuring SEBI and RBI compliance

• Enabling cost optimization through system-driven finance models

• Building investor confidence with transparent financial reporting

TruCap Finance’s Strategic Direction

Over recent years, TruCap Finance has emerged as a key player in the financial services and lending ecosystem, offering customized credit solutions to underserved segments. The company has been focused on strengthening its senior management with individuals who bring a mix of corporate governance, technical skills, and market adaptability.

The appointment of Saurabh Sethi is a strategic reinforcement of this vision. With the company aiming to expand its product offerings and improve operational efficiency, the financial leadership under Mr. Sethi is expected to:

• Drive better cost management practices

• Improve investor relations through transparent and timely disclosures

• Support digital finance transformation

• Ensure regulatory preparedness amid evolving norms from SEBI and RBI

Regulatory Compliance in Practice

By adhering to SEBI's Listing Regulations and clearly outlining the reason for appointment, effective date, and professional qualifications of the newly appointed Finance Head, TruCap Finance sets an example of best practices in corporate governance.

This disclosure aligns with the SEBI circular dated November 11, 2024, which mandates detailed transparency for appointments, resignations, and other key changes in senior management. Such transparency is crucial for maintaining investor trust, especially in a sector like NBFCs, which often faces scrutiny related to compliance and liquidity.

Market Response and Stakeholder Confidence

While appointments like these don’t usually result in immediate stock movement, they are vital signals of an organization’s intent to strengthen its leadership, improve financial prudence, and align with long-term business objectives. Investors and stakeholders are likely to see this as a positive move—bringing in proven expertise to drive the company’s next growth phase.

This also comes at a time when companies are expected to show more agility, implement tech-led finance solutions, and respond swiftly to changes in market dynamics. In this context, the experience Mr. Sethi brings—from managing IPO functions to working within fintech frameworks—can be an asset.

Conclusion

With the appointment of Saurabh Sethi as Finance Head and Senior Management Personnel, TruCap Finance Limited continues its strategic journey of growth, governance, and financial leadership. Backed by over 18 years of diverse experience, Mr. Sethi’s onboarding reflects the company’s commitment to operational excellence, regulatory compliance, and shareholder value creation.

As the finance industry continues to evolve with digitization, complex regulation, and changing investor expectations, TruCap Finance’s latest appointment news showcases a thoughtful and forward-looking approach to leadership and corporate responsibility. The move is in line with the company’s goal to strengthen its position in India’s rapidly growing NBFC sector, supported by a robust and experienced senior management team.

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