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Latest filing: 2026-08-14 18:39
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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
12 announcements match the current filters (relevance ≥ 5).
Available Finance Appoints Mahesh Nirmal as CFO Effective August 15, 2026
Available Finance Limited has appointed Mr. Mahesh Nirmal as its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective August 15, 2026. The appointment was approved by the Board of Directors at its meeting on August 14, 2026, following recommendations from the Audit and NRC Committees. Mr. Nirmal holds a Commerce degree and brings approximately 14 years of operational experience in the NBFC and financial services industry. The company reported a market cap of Rs 140 Cr with FY26 net profit of Rs 107 Cr.
Confidence: HIGH
What changedMr. Mahesh Nirmal has been appointed as the Chief Financial Officer and Key Managerial Personnel of Available Finance Limited.
Why it mattersFills a crucial statutory KMP role responsible for financial governance, balance sheet reporting, and NBFC regulatory compliance.
Effective date of appointment: August 15, 2026Industry experience: Approximately 14 yearsBoard approval date: August 14, 2026
📅 Short termNeutral operational update with negligible immediate impact on trading or stock performance.
📈 Long termLimited; routine corporate governance appointment ensuring regulatory compliance for key executive positions.
Key Highlights
Appointment of Mr. Mahesh Nirmal as Chief Financial Officer and KMP effective August 15, 2026
Board approval granted at its meeting held on August 14, 2026, under Section 203 of Companies Act, 2013
Mr. Nirmal brings approximately 14 years of experience in the NBFC industry and financial services operations
No inter-se relationship reported with any existing directors of the company
👀 What to Watch
Track the continuity and quality of financial reporting and compliance disclosures under the new CFO in the upcoming quarterly results.
Available Finance CEO Mahesh Nirmal Resigns Effective August 14, 2026
Available Finance Limited has announced the resignation of its Chief Executive Officer (CEO) and Key Managerial Personnel (KMP), Mr. Mahesh Nirmal. The resignation takes effect from the closure of working hours on August 14, 2026, citing professional commitments. The company confirmed there are no other material reasons behind his departure. The company has a market capitalization of approximately ₹140 Cr and reported a net profit of ₹147 Cr on a TTM basis.
Confidence: HIGH
What changedMr. Mahesh Nirmal has stepped down from his role as Chief Executive Officer (CEO) and KMP of Available Finance Limited.
Why it mattersChanges in top leadership can temporarily affect operational continuity and corporate strategy until a successor is appointed.
Effective Date of Resignation: 14.08.2026Market Capitalization: ₹140 CrNet Worth: ₹1307 Cr
📅 Short termThe company will need to designate an interim or permanent CEO to manage day-to-day managerial functions.
📈 Long termLimited operational disruption expected once a replacement executive is inducted, given the firm's holding/financial structure.
⚠ Risk flags
- Key managerial vacancy pending successor appointment
Key Highlights
Mr. Mahesh Nirmal tendered resignation as CEO and KMP on August 14, 2026
Cessation is effective from the closure of working hours on August 14, 2026
Resignation attributed to other professional commitments, with no other material reasons confirmed
Available Finance operates with a net worth of ₹1,307 Cr and zero debt
👀 What to Watch
Track subsequent exchange filings regarding the appointment of a new CEO and key managerial personnel to lead operations.
Available Finance CFO Sahaj Jain Resigns w.e.f. Aug 14, 2026; Continues as WTD
Available Finance Limited has informed the exchange that Mr. Sahaj Jain has tendered his resignation from the position of Chief Financial Officer (CFO) effective from the close of business on August 14, 2026, citing personal reasons. Mr. Jain confirmed that there are no other material reasons behind his decision. He will continue to serve the company in his capacity as a Whole-Time Director (WTD). The company (market cap of ~₹140 Cr) has not yet announced a successor for the CFO role.
Confidence: HIGH
What changedMr. Sahaj Jain resigned as CFO of Available Finance Ltd on August 14, 2026, while retaining his position as Whole-Time Director.
Why it mattersChanges in key financial leadership require monitoring to ensure continuity in reporting and internal controls, though retention of the WTD role provides board-level continuity.
Effective Date of Cessation: 14.08.2026Market Cap: ₹140 Cr
📅 Short termThe company will need to designate or appoint a qualified CFO in compliance with SEBI and Companies Act regulations.
📈 Long termLimited structural impact given the executive remains on the board as Whole-Time Director.
⚠ Risk flags
- Key management personnel vacancy until a replacement CFO is appointed
Key Highlights
CFO resignation effective from the closure of working hours on August 14, 2026.
Outgoing CFO Mr. Sahaj Jain continues his role as Whole-Time Director (WTD).
Reason cited as personal with no other material reasons confirmed in the filing.
Successor for the CFO position was not disclosed in the intimation.
👀 What to Watch
Track subsequent regulatory filings for the appointment of a new Chief Financial Officer to oversee finance and compliance functions.
Available Finance Sees Simultaneous Exits of CEO, CFO & Whole-Time Director on August 14, 2026
Available Finance Limited reported a major management reshuffle effective August 14, 2026. Chief Executive Officer Mahesh Nirmal and Chief Financial Officer Sahaj Jain have resigned from their KMP positions, though Mr. Jain continues as Whole-Time Director. Additionally, Suyash Choudhary resigned as Whole-Time Director while retaining his role as Company Secretary, and Manish Chandan was appointed as Non-Executive Additional Director subject to shareholder approval within 3 months.
Confidence: HIGH
What changedSimultaneous resignations of the CEO, CFO, and a Whole-Time Director on August 14, 2026, alongside one new Non-Executive Director appointment.
Why it mattersSimultaneous departure of primary C-suite executives (CEO and CFO) creates management transition uncertainty for the company.
Effective date of changes: 14th August, 2026Shareholder approval deadline: 3 monthsTotal KMP/Director resignations: 3Director appointments: 1
📅 Short termInvestors should watch for announcements regarding successor appointments for the CEO and CFO roles in the coming weeks.
📈 Long termManagement stability and smooth transition of responsibilities will be essential to ensure operational and financial reporting continuity.
⚠ Risk flags
- Simultaneous exit of primary KMPs (CEO and CFO)
- Leadership transition and key person continuity risks
Key Highlights
Resignation of CEO Mahesh Nirmal effective from closure of working hours on August 14, 2026
Resignation of CFO Sahaj Jain on August 14, 2026; will continue serving as Whole-Time Director
Resignation of Suyash Choudhary as Additional & Whole-Time Director on August 14, 2026; retains CS post
Appointment of Manish Chandan as Non-Executive Additional Director subject to member approval within 3 months
👀 What to Watch
Track subsequent exchange filings for the appointment of a new CEO and CFO to evaluate leadership continuity and governance stability.
Available Finance: Resignation of CEO, CFO and Whole-Time Director on August 14, 2026
Available Finance Limited announced a major C-suite overhaul effective August 14, 2026, following the simultaneous resignations of Chief Executive Officer Mahesh Nirmal, Chief Financial Officer Sahaj Jain, and Whole-Time Director Suyash Choudhary. Suyash Choudhary will continue to serve as the Company Secretary and Compliance Officer, while Sahaj Jain indicated he will continue as a Whole-Time Director. Concurrently, the Board appointed Manish Chandan as an Additional Director (Non-Executive, Professional Category) subject to member approval within 3 months. The simultaneous departures of top executive leadership pose operational and governance continuity risks for the Rs 140 Cr market cap firm.
Confidence: HIGH
What changedSimultaneous resignation of the company's CEO, CFO, and a Whole-Time Director, alongside the appointment of a new Non-Executive Director.
Why it mattersSimultaneous exit of top Key Managerial Personnel (KMP) creates leadership vacuums, raising concerns around internal controls, financial reporting continuity, and corporate governance.
KMP and Director resignations: 3New Director appointments: 1Effective date of changes: 14th August, 2026Shareholder approval window for appointment: 3 months
📅 Short termHeightened uncertainty surrounding managerial stability, succession planning, and potential pressure on stock sentiment.
📈 Long termLimited operational clarity until stable, long-term C-suite leadership is installed and governance direction is clarified.
⚠ Risk flags
- Simultaneous departure of top executive leadership (CEO & CFO)
- Governance and leadership transition risk
Key Highlights
Chief Executive Officer Mahesh Nirmal resigned effective closure of working hours on August 14, 2026.
Chief Financial Officer Sahaj Jain resigned effective closure of working hours on August 14, 2026.
Whole-Time Director Suyash Choudhary stepped down from the Board on August 14, 2026, but remains Company Secretary.
Manish Chandan appointed as Additional Director (Non-Executive) on August 14, 2026, subject to member approval within 3 months.
👀 What to Watch
Track subsequent exchange filings for the appointment of a new CEO and CFO, and observe if any operational disruptions or governance disclosures emerge.
Available Finance Q1 Consolidated PAT at ₹77.20 Cr Led by ₹77.14 Cr Associate Profit
Available Finance reported standalone revenue of ₹15.09 lakhs and net profit of ₹6.51 lakhs for the quarter ended June 30, 2026. On a consolidated basis, net profit reached ₹77.20 crore (EPS of ₹75.66), driven almost entirely by ₹77.14 crore in profit share from two associates: Agarwal Coal Corporation and Agarwal Fuel Corporation. Consolidated quarterly profit increased sharply compared to ₹37.00 crore in the year-ago period and ₹20.00 crore in Q4 FY26.
Confidence: HIGH
What changedReported Q1 FY27 financial results featuring a significant surge in associate profit contribution.
Why it mattersThe company's earnings power and book value are heavily anchored in its associate holdings rather than its standalone financing operations.
Consolidated Net Profit (Q1): ₹77.20 crShare of Profit of Associates: ₹7713.68 lakhsStandalone Revenue (Q1): ₹15.09 lakhsStandalone PAT (Q1): ₹6.51 lakhsQ1 PAT vs Market Cap (₹140 cr): ~55.1%
📅 Short termStrong reported consolidated net profit of ₹77.20 crore is likely to support positive market sentiment.
📈 Long termLong-term valuation depends on corporate governance, cash distribution, and performance transparency of the unlisted associate businesses.
⚠ Risk flags
- Overwhelming dependence on unlisted associate companies for consolidated profits
- Core standalone business generates negligible operational revenue
Key Highlights
Standalone total revenue from operations stood at ₹15.09 lakhs for the quarter.
Standalone net profit after tax recorded at ₹6.51 lakhs with basic EPS of ₹0.06.
Share of net profit from associate companies contributed ₹77.14 crore (₹7,713.68 lakhs).
Consolidated quarterly net profit expanded to ₹77.20 crore vs ₹37.00 crore in Jun 2025.
👀 What to Watch
Monitor underlying operational performance and dividend flow from the unlisted associate companies (Agarwal Coal & Fuel), which account for virtually all consolidated earnings.
Available Finance Q1 FY27 Results Approved; Major KMP Reshuffle as CEO Transitions to CFO
Available Finance Ltd approved its standalone and consolidated un-audited financial results for the quarter ended June 30, 2026, along with convening the 34th Annual General Meeting. Alongside results, the company announced significant leadership changes effective August 14, 2026, including the resignation of Whole-Time Director Suyash Choudhary and CFO Sahaj Jain. Additionally, Mahesh Nirmal stepped down as Chief Executive Officer (CEO) and was re-appointed as Chief Financial Officer (CFO) and Key Managerial Personnel effective August 15, 2026. Manish Chandan was appointed as an Additional Non-Executive Director subject to shareholder approval within 3 months.
Confidence: HIGH
What changedSimultaneous reshuffle in top leadership (WTD and CFO resignations, CEO transitioning to CFO role) alongside Q1 FY27 earnings approval.
Why it mattersSimultaneous turnover in key managerial positions (CFO, CEO, WTD) raises governance questions and shifts executive operational oversight.
Quarter ended: June 30, 2026AGM number: 34thDirector shareholder approval timeline: 3 monthsCFO appointment effective date: August 15, 2026
📅 Short termMarkets are likely to evaluate the reasons behind the sudden executive shake-up and CEO re-assignment to CFO.
📈 Long termStructural impact will depend on establishing permanent operational leadership and strategic clarity for the financing business.
⚠ Risk flags
- Simultaneous turnover of multiple Key Managerial Personnel (CFO, CEO, Whole-Time Director)
- No immediate announcement of a replacement Chief Executive Officer
Key Highlights
Approved un-audited standalone and consolidated financial results for the quarter ended June 30, 2026.
Noted resignation of Suyash Choudhary (Whole-Time Director) and Sahaj Jain (CFO) effective August 14, 2026.
Mahesh Nirmal resigned as CEO on August 14, 2026, and was appointed CFO effective August 15, 2026.
Appointed Manish Chandan as Additional Non-Executive Director on August 14, 2026, pending shareholder approval within 3 months.
Appointed scrutinizer CS Ishan Jain and finalized arrangements for the upcoming 34th AGM.
👀 What to Watch
Monitor detailed financial statements in the upcoming XBRL filing and watch for clarity on new CEO appointment to understand operational leadership continuity.
Available Finance Appoints Sahaj Jain as CFO Effective July 25, 2026
Available Finance Ltd has appointed Mr. Sahaj Jain as its Chief Financial Officer (CFO) and Key Managerial Personnel, effective July 25, 2026. Mr. Jain, an MBA in Finance, brings approximately 9 years of experience in accounting, auditing, and taxation. This appointment is notable for a company that manages a substantial net worth of Rs 1,307 Cr despite reporting zero operating revenue in recent quarters. The decision was finalized in a board meeting held on July 24, 2026.
Confidence: HIGH
What changedThe company has filled the critical Key Managerial Personnel (KMP) position of Chief Financial Officer.
Why it mattersA dedicated CFO is essential for managing the financial reporting and tax compliance of a company with a large asset base (Net Worth of Rs 1,307 Cr) and a complex profit structure.
CFO Experience: 9 yearsEffective Date: July 25, 2026Net Worth: Rs 1307 CrTTM Net Profit: Rs 107 Cr
📅 Short termThe announcement is administrative and unlikely to impact the stock price in the short term.
📈 Long termLimited structural significance unless the new CFO initiates a change in how the company's large net worth is deployed or reported.
⚠ Risk flags
- Zero operating revenue business model
- High reliance on non-operating income for profitability
Key Highlights
Appointment of Mr. Sahaj Jain as CFO and KMP effective July 25, 2026
New CFO possesses approximately 9 years of professional experience in finance and taxation
Company reports a TTM Net Profit of Rs 107 Cr despite Rs 0 Cr TTM revenue
Company maintains a significant Net Worth of Rs 1,307 Cr relative to its Rs 149 Cr market cap
👀 What to Watch
Investors should monitor if the new CFO provides more transparency regarding the company's business model, as it currently generates significant profits from non-operating sources while reporting zero revenue.
Resignation of CFO and Whole-Time Director Rakesh Sahu effective July 24, 2026
Mr. Rakesh Sahu has resigned from his dual roles as Chief Financial Officer (CFO) and Whole-Time Director of Available Finance Ltd, effective July 24, 2026. The resignation is attributed to personal reasons, with the outgoing official confirming no other material reasons exist. This change occurs in a company with a significant net worth of Rs 1,307 Cr and a TTM PAT of Rs 107 Cr, despite reporting zero operational revenue in recent quarters. Investors should note that the CFO is a Key Managerial Personnel (KMP) whose vacancy must be filled as per regulatory requirements.
Confidence: HIGH
What changedThe company's top financial and executive leadership has a vacancy following the immediate resignation of the CFO and Whole-Time Director.
Why it mattersAs a Key Managerial Personnel (KMP), the CFO is vital for financial integrity and regulatory compliance, especially for a firm managing a large balance sheet of Rs 1,307 Cr net worth.
Effective Date: July 24, 2026Net Worth: Rs 1,307 CrTTM PAT: Rs 107 CrMarket Cap: Rs 147 CrTTM Revenue: Rs 0 Cr
📅 Short termThe stock is likely to remain neutral as the market awaits the appointment of a new CFO.
📈 Long termLimited structural impact unless the leadership change signals a shift in the company's investment or capital allocation strategy.
⚠ Risk flags
- KMP vacancy
- Zero operational revenue
Key Highlights
Resignation of Mr. Rakesh Sahu effective from the closure of working hours on July 24, 2026.
The official held the positions of CFO, Whole-Time Director, and Key Managerial Personnel (KMP).
Company maintains a high Net Worth of Rs 1,307 Cr compared to its Rs 147 Cr Market Cap.
TTM Profit After Tax (PAT) stands at Rs 107 Cr despite Rs 0 Cr TTM revenue.
👀 What to Watch
Monitor the company's announcement regarding the appointment of a successor to the CFO and Whole-Time Director roles to ensure continuity in financial oversight.
3 Appointments and 3 Resignations including CFO and Chairman at Available Finance
Available Finance Ltd has announced a major board reshuffle effective July 24, 2026. The company appointed Mr. Pramod Kishore Shrivastava as Chairman and two Whole-Time Directors (WTDs) for 3-year terms. Simultaneously, three directors resigned, including the CFO and WTD Mr. Rakesh Sahu, citing personal reasons. This overhaul is significant given the company's unusual financial profile: a massive net worth of ‡1,307 Cr despite ‡0 TTM operational revenue.
Confidence: HIGH
What changedA comprehensive leadership transition involving the exit of the CFO and two directors, replaced by a new Chairman and two professional Whole-Time Directors.
Why it mattersFor a company with zero operational revenue but significant assets (‡1,307 Cr net worth), management's capital allocation and investment strategy are the only drivers of shareholder value.
Net Worth: ‡1307 CrTTM Revenue: ‡0 CrNew Appointments: 3Total Resignations: 3WTD Appointment Term: 3 years
📅 Short termThe market is likely to react neutrally as the resignations were immediately balanced by new appointments, though the CFO exit requires a specific replacement.
📈 Long termThe structural impact depends on whether the new board can pivot the company from a passive investment vehicle into an active financial services business.
⚠ Risk flags
- High management turnover (3 exits in one day)
- Lack of operational revenue
- CFO vacancy
Key Highlights
Appointment of 3 new directors including a Chairman and 2 Whole-Time Directors effective July 24, 2026.
Resignation of 3 directors including the CFO and Whole-Time Director Mr. Rakesh Sahu.
New Whole-Time Directors Sahaj Jain and Suyash Choudhary appointed for a fixed term of 3 years.
Chairman-designate Pramod Kishore Shrivastava brings over 20 years of experience in financial control and treasury.
Company maintains a high net worth of ‡1,307 Cr against a market cap of only ‡149 Cr.
👀 What to Watch
Monitor the formal appointment of a new Chief Financial Officer (CFO) and observe if the new leadership provides a roadmap for utilizing the ‡1,307 Cr net worth to generate operational revenue.
3 Board Appointments and 3 Resignations Including CFO and Chairman
Available Finance Ltd has undergone a significant board restructuring effective July 24, 2026. The company accepted the resignations of three directors, including Rakesh Sahu, who served as Whole-Time Director and CFO. To fill these vacancies, the board appointed Sahaj Jain and Suyash Choudhary as Whole-Time Directors for 3-year terms, and Pramod Kishore Shrivastava as the new Chairman. This leadership change is notable given the company's unique financial position, holding a net worth of ‡1,307 Cr despite reporting zero operational revenue.
Confidence: HIGH
What changedThe company has replaced its Chairman, CFO, and two other directors in a single day, effectively refreshing its top management tier.
Why it mattersFor a company with substantial assets (‡1,307 Cr net worth) but no current business operations (0 revenue), the quality and intent of the board are the primary drivers of shareholder value.
Net Worth: ‡1307 CrNew Director Term: 3 yearsChairman Experience: 20+ yearsMarket Cap: ‡149 CrTTM Revenue: ‡0 Cr
📅 Short termThe market is likely to view the simultaneous exit of the CFO and Chairman as a significant transition; however, the immediate naming of replacements provides some stability.
📈 Long termThe structural significance depends on whether the new board can leverage the company's ‡1,307 Cr net worth into productive financial services operations, as the current P/B of 0.1 suggests deep market skepticism.
⚠ Risk flags
- CFO resignation
- Lack of operational revenue
- Significant management turnover in a single day
Key Highlights
Appointment of Sahaj Jain and Suyash Choudhary as Whole-Time Directors for a fixed term of 3 years.
Resignation of Rakesh Sahu from the dual role of Whole-Time Director and CFO effective July 24, 2026.
Appointment of Pramod Kishore Shrivastava, a Chartered Accountant with over 20 years of experience, as Chairman.
Total of 3 board exits and 3 new appointments finalized in a board meeting lasting 30 minutes.
The company maintains a significant net worth of ‡1,307 Cr against a market capitalization of only ‡149 Cr.
👀 What to Watch
Investors should monitor for a specific announcement regarding the appointment of a new Chief Financial Officer (CFO) to replace the outgoing Rakesh Sahu, and observe if the new leadership initiates any strategy to generate operational revenue.
Management Overhaul: New Chairman, CFO, and Directors Appointed Following Multiple Resignations
Available Finance Ltd has announced a significant leadership reshuffle effective July 24, 2026. Three board members, including the CFO and Whole-Time Director Mr. Rakesh Sahu, have resigned. The board has appointed Mr. Sahaj Jain as the new CFO and Whole-Time Director, and Mr. Pramod Kishore Shrivastava as the new Chairman (Non-Executive). These changes are notable given the company's unique financial profile: a massive net worth of ₹1,307 Cr against a market cap of only ₹149 Cr, despite reporting ₹0 Cr in TTM revenue.
Confidence: HIGH
What changedThe company has replaced its Chairman, CFO, and two other board positions in a single day.
Why it mattersFor a company with significant assets (Net Worth of ₹1,307 Cr) but no operational revenue, management changes are the primary catalyst for any potential change in business strategy or asset deployment.
Net Worth: ₹1307 CrMarket Cap: ₹149 CrTTM Revenue: ₹0 CrDirector Appointment Term: 3 yearsApproval Timeline: 3 months
📅 Short termThe market may react to the high turnover of key personnel, though the impact is limited by the company's lack of active operations.
📈 Long termThe long-term outlook depends entirely on whether the new management can utilize the company's substantial net worth to generate sustainable revenue, which has been absent in recent quarters.
⚠ Risk flags
- High management turnover
- Zero operational revenue
- Significant discrepancy between market cap and book value
Key Highlights
Resignation of 3 board members including the CFO and Whole-Time Director effective July 24, 2026
Appointment of Mr. Sahaj Jain as CFO effective July 25, 2026, and as Whole-Time Director
Appointment of Mr. Pramod Kishore Shrivastava as Additional Director & Chairman (Non-Executive)
Mr. Suyash Choudhary appointed as Whole-Time Director for a fixed term of 3 years
All new appointments are subject to shareholder approval within a 3-month window
👀 What to Watch
Investors should monitor if this new leadership team introduces a plan to operationalize the company's ₹1,307 Cr net worth, as the business currently generates zero revenue.
