SSPN Finance Limited's board has appointed Mr. Devjeet Chakraborty as the new Additional Director and CEO, effective immediately, pending shareholder approval for his directorship and Managing Director role.

Concurrently, Mr. Bhupesh Kumar has stepped down as CEO but will continue to serve as a Director on the board.

The company also announced a proposal to change its name from "SSPN Finance Limited" to "Finoviaa Limited," which is subject to shareholder and various regulatory approvals.

This strategic leadership change and potential re-branding aim to redefine the company's future direction.