Available Finance board reshuffle: 3 exits in 2026

What changed at Available Finance Limited

Available Finance Limited disclosed a set of leadership changes that reshaped its board and key management roles. The changes include three resignations and three appointments, all clustered around July 24, 2026. A key element of the update was the exit of its Chief Financial Officer (CFO) and Whole-Time Director. The company also appointed new Whole-Time Directors and named a new chairman. Alongside these changes, the company has stated that certain appointments are subject to member approval within three months.

Key resignations effective July 24, 2026

The company announced that Mr. Rakesh Sahu resigned from his positions as CFO and Whole-Time Director, effective from the closure of working hours on July 24, 2026. He cited personal reasons for stepping down. Available Finance Limited also clarified that there were no material issues connected with this resignation.

Two Non-Executive Directors also resigned effective July 24, 2026. Mr. Vikas Gupta resigned citing pre-occupations. Mr. Rajendra Kumar Sohani resigned citing personal reasons. The company noted that Mr. Sohani also stepped down from the Audit Committee, Stakeholder Relation Committee, and Nomination and Remuneration Committee.

Appointments announced alongside the exits

Available Finance Limited appointed Mr. Sahaj Jain and Mr. Suyash Choudhary as Whole-Time Directors, effective July 24, 2026. The company also appointed Mr. Pramod Kishore Shrivastava as Additional Director and Chairman, effective July 24, 2026.

Separately, the company formalised the appointment of Mr. Sahaj Jain as CFO, effective July 25, 2026. The disclosure states that the CFO and Key Managerial Personnel (KMP) appointment was made following board approval based on recommendations from the Audit Committee and the Nomination and Remuneration Committee.

CFO transition: from Rakesh Sahu to Sahaj Jain

The CFO change was presented as a direct transition following Mr. Rakesh Sahu’s resignation on personal grounds. Mr. Sahu’s resignation took effect on July 24, 2026, at the close of working hours. Mr. Sahaj Jain’s appointment as CFO was set one day later, effective July 25, 2026.

This sequencing indicates an attempt to ensure continuity in the finance leadership role. The company also described Mr. Sahaj Jain as Whole-Time Director and CFO in its broader board restructuring disclosures.

Board and committee implications

Board-level changes often trigger committee reconstitution, and Available Finance’s disclosure explicitly referenced committee exits. Mr. Rajendra Kumar Sohani stepped down not only as a Non-Executive Director but also from the Audit Committee, Stakeholder Relation Committee, and Nomination and Remuneration Committee.

The company also listed several independent director roles in its information, including Independent Non-Executive Directors Dhawal Bagmar, Pradhumn Pathak, and Apoorva Jain. Apoorva Jain was also referenced as an Independent Non-Executive Woman Director in the provided details.

Exchange disclosure and member-approval timeline

Available Finance Limited stated it formally notified the exchange regarding the resignation of Mr. Rakesh Sahu. The company also noted that the new appointments are subject to member approval within three months.

This member-approval condition is typical for certain board appointments, particularly those involving director roles. The disclosure did not provide additional detail on the exact meeting date for member approval, but it specified the three-month window.

NSE platform withdrawal earlier in June 2026

In another development referenced in the information, Available Finance Limited’s equity shares were withdrawn from the National Stock Exchange of India Limited (NSE) platform effective June 04, 2026. The withdrawal was stated to be based on a company request and an NSE circular reference (Circular Ref. No. 0893/2026).

This context matters because subsequent corporate updates, including board and management changes, may be followed more closely through company filings and exchange communications referenced in disclosures.

Summary table: resignations and appointments

Company contact details disclosed

Available Finance Limited’s corporate contact information in the provided details includes its address at Agarwal House, 5, Yeshwant Colony, Indore, Madhya Pradesh, 452003. The listed telephone number is 0731-4714000 and fax number is 0731-2531388. The email address provided is cs@availablefinance.in and the website listed is http://www.availablefinance.in.

Why the reshuffle matters for governance tracking

A cluster of director resignations and appointments on the same effective date typically signals a meaningful governance reset. In this case, the company combined changes across executive roles (Whole-Time Director, CFO) and non-executive oversight (Non-Executive Directors and committee memberships). The appointment of a chairman and additional director on the same date adds to the significance of the shift.

The company’s statement that there are no material issues related to the CFO resignation is a key disclosure point. The member-approval requirement within three months is another item shareholders and stakeholders may watch for, because it is an explicit next procedural step.

Conclusion

Available Finance Limited reported three resignations effective July 24, 2026, and announced a set of appointments including new Whole-Time Directors and a new chairman. The CFO role moved from Mr. Rakesh Sahu to Mr. Sahaj Jain, with the new CFO appointment effective July 25, 2026. The company also noted that the appointments are subject to member approval within three months, setting the next formal milestone for these leadership changes.