Decillion Finance Limited Sees Two Director Resignations Before Q2

Decillion Finance Limited said two non-executive independent directors resigned effective close of business on October 24, 2026, before its November 13 board meeting to approve Q2 FY27 unaudited results. Pooja Kalanouria and Vidhu Bhushan Verma cited unavoidable personal circumstances for their departures.

Why did Decillion Finance directors resign?

Decillion Finance stated that Pooja Kalanouria and Vidhu Bhushan Verma tendered their resignations as non-executive independent directors because of unavoidable personal circumstances. Both cessations took effect at the close of business hours on October 24, 2026. The company said its board acknowledged their contributions.

The disclosure was made under Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements regulations. The information provided does not identify any governance dispute, financial issue, or other material reason beyond the personal circumstances cited by the directors.

The resignations came after the company had approved the appointment of Diksha Sharma as a non-executive independent director on September 29, 2026. The available announcements do not state whether any further appointments will be considered to fill the positions vacated by Kalanouria and Verma.

What is scheduled at the November 13 board meeting?

Decillion Finance is scheduled to consider, approve and take on record unaudited financial results for the quarter and half year ended September 30, 2026, at its board meeting on November 13, 2026. The period corresponds to the second quarter of FY27.

The company informed BSE about the meeting on November 10, 2026. It also said the trading window for designated persons would remain closed until 48 hours after the results are declared, a standard restriction intended to prevent dealing in securities while unpublished price-sensitive information is held internally.

No Q2 FY27 financial figures were included in the meeting intimation. Therefore, the board meeting notice is not a statement on Decillion Finance's quarterly performance, profitability, asset quality, or business outlook. Those details would be available only after the board approves and the company discloses the results.

What recent management changes has Decillion Finance reported?

Decillion Finance has reported several management and governance changes during 2026. Priyanka Mohta resigned as a non-executive non-independent director effective June 20, 2026, citing pre-occupation with other assignments. The company said she confirmed there were no material reasons for her departure other than those stated.

Before that, Shruti Poddar, the company secretary and compliance officer, resigned effective May 30, 2026, due to unavoidable circumstances. Apoorva Malhotra resigned as key managerial personnel and chief financial officer effective April 14, 2026. These disclosures show that the October exits form part of a series of reported changes in board and senior management positions this year.

At its 32nd annual general meeting on September 29, 2026, shareholders considered resolutions relating to auditors, directors, capital, borrowing and loan conversion. Decillion Finance also disclosed that M/s MGSA & Company was appointed as statutory auditor for FY27 to fill a casual vacancy, subject to shareholder approval.

How do the resignations matter for shareholders and the market?

The immediate relevance for shareholders is governance continuity and the composition of the board's independent oversight. Independent directors are non-executive board members expected to provide oversight of management and participate in board-level decisions. Decillion Finance has not disclosed any immediate operational change arising from the two resignations.

For investors, the next formal financial event is the Q2 FY27 result announcement. The company's quarterly data shows revenue of Rs 0.23 crore for the quarter ended June 2026, compared with Rs 0.25 crore in March 2026 and Rs 0.27 crore in June 2025. The source does not provide Q2 FY27 figures or a market-price reaction connected to the director exits.

The company had approved unaudited results for the quarter ended June 30, 2026 at its August 12 board meeting, along with noting an internal audit report for the year. The forthcoming disclosure will provide the next reported set of financial information after the June-quarter results.

What should investors monitor after the Q2 FY27 results?

Investors should monitor the approved Q2 FY27 financial statements, the half-year figures ended September 30, 2026, and any board disclosures on director appointments or changes in committee composition. The board meeting notice confirms the reporting date and agenda but does not set out financial targets or operational guidance.

The results will be assessed against the June 2026 quarterly revenue figure of Rs 0.23 crore and prior reported periods. Shareholders may also track subsequent BSE filings for any decision on replacements for the two outgoing independent directors, as the current announcement does not provide a timetable for appointments.

Conclusion

The resignation of Pooja Kalanouria and Vidhu Bhushan Verma removed two non-executive independent directors from Decillion Finance's board effective October 24, 2026. The company attributed both exits to unavoidable personal circumstances and disclosed no other material reason, while the timing places the changes shortly before the Q2 FY27 results meeting.

The next disclosed event is the November 13, 2026 board meeting for unaudited results for the quarter and half year ended September 30, 2026. Investors will also watch later filings for the financial details, any changes in board composition, and updates on the company’s governance arrangements.