Sakthi Finance's Board has approved key strategic moves.

Smt.

Susheela Balakrishnan and Sri S Chandrasekhar are appointed as Independent Directors for five years, following review by the Nomination and Remuneration Committee.

Sri M Balasubramaniam is re-appointed as Managing Director for another five-year term.

The company also plans to raise up to ₹ 250 crore via NCDs and other debt securities, and up to ₹ 20 crore through preference shares, both via private placement.

Furthermore, the authorized share capital will be boosted from ₹ 130 crore to ₹ 150 crore.

All these initiatives are subject to shareholder approval at the upcoming AGM.