StockWatch
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Non Banking Financial Company (NBFC)
Management Change14 Aug 2026, 05:04 pm

Ceejay Finance Reappoints Deepak Patel as MD for 5 Years

AI Summary

Ceejay Finance Ltd announced the re-appointment of Mr. Deepak Patel as Managing Director for a term of 5 years, effective September 1, 2026, to August 31, 2031. This decision was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee and is subject to shareholder approval at the upcoming Annual General Meeting. The company also disclosed its unaudited financial results for the quarter ended June 30, 2026. Revenue from operations stood at ₹611.41 crore, with a profit before tax of ₹207.58 crore and a net profit of ₹170.72 crore for the quarter. Mr. Patel, an MBA from the University of Florida, has been associated with the company since 1993 and brings over 35 years of experience in finance, management, and various other sectors.

Key Highlights

  • Deepak Patel re-appointed as MD for 5 years from Sep 1, 2026.
  • Re-appointment subject to shareholder approval at AGM.
  • Unaudited Q1 FY27 revenue at ₹611.41 crore.
  • Q1 FY27 profit before tax ₹207.58 crore.
  • Q1 FY27 net profit ₹170.72 crore.