Satin Finserv announces leadership change, new CEO, and equity issuance

Satin Finserv Limited (SFL) announced key leadership changes and an equity share issuance, effective November 26, 2025. Pramod Marar has been appointed as an additional director, designated as whole time director (executive director) and chief executive officer of SFL. Marar will assume leadership of SFL's entire business, including green, non-green, and SME finance.

Concurrently, Dhiraj Jha has resigned from his position as whole time director and chief executive officer of SFL, citing personal reasons. His resignation is effective from the close of business hours on November 30, 2025. This transition marks a shift in SFL's executive leadership.

In addition to the leadership changes, SFL has approved the issuance of 20,868,113 equity shares on a rights basis. This issuance is expected to strengthen the company’s capital base. These decisions were approved by SFL's board of directors during a meeting held on November 26, 2025.