Available Finance

Available Finance’s chief executive officer, Mahesh Nirmal, resigned with effect from the close of working hours on 14 August 2026, citing professional commitments. He confirmed that there were no material reasons for his departure beyond those stated in his resignation letter. The resignation followed the departure of CFO and whole-time director Rakesh Sahu and two other director/KMP officials on 24 July. The company had appointed Sahaj Jain, Suyash Choudhary and Pramod Kishore Shrivastava to senior board and KMP roles on the same date, subject to member approval.

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Available Finance said Sahaj Jain resigned as chief financial officer with effect from the close of working hours on 14 August 2026, citing personal reasons. Jain confirmed that he had no material reason for leaving beyond those in his resignation letter and said he would continue as a Whole-Time Director. The company’s board had approved Jain as a Whole-Time Director and KMP on 24 July, alongside the appointment of Suyash Choudhary and Pramod Kishore Shrivastava and the resignation of three directors and KMPs. Available Finance reported FY26 standalone PAT of ₹0.22 crore and consolidated PAT of ₹107.36 crore, of which ₹107.14 crore came from associates.

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Available Finance noted the resignations of Suyash Choudhary as an additional and whole-time director, Sahaj Jain as chief financial officer, and Mahesh Nirmal as chief executive officer, all effective 14 August 2026. Choudhary would continue as company secretary and compliance officer, while Jain would remain a whole-time director; the resignations cited personal or professional reasons. The board appointed Manish Chandan, who has about 20 years of experience in finance and accounts, as an additional non-executive director subject to member approval within three months. On 24 July 2026, the board had separately approved three appointments and recorded three director or KMP resignations, with the appointments also subject to member approval.

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Aug 14 (Reuters) - Available Finance Ltd AFIN.NS:

• MAHESH NIRMAL RESIGNS AS CEO

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Further company coverage: AFIN.NS

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