Management Change6 Aug 2026, 04:10 pm
Real Touch Finance: RBI Approves One Director Appointment, Rejects Two
AI Summary
Real Touch Finance Ltd announced that the Reserve Bank of India (RBI) has approved the appointment of Mr. Angalappan Anandakumar as a Director for a five-year term until July 31, 2031. However, the RBI has not granted approval for the proposed directorships of Mr. Suryanarayanan Meenakshi Sundaram and Mr. Ganesan Mageshkumar. Consequently, the company will not proceed with the appointments of these two individuals. This decision follows a Board Meeting held on June 26, 2026, where the filing of applications with the RBI was approved.
Key Highlights
- RBI approved Mr. Angalappan Anandakumar as Director for five years.
- RBI rejected appointments of Mr. Suryanarayanan Meenakshi Sundaram and Mr. Ganesan Mageshkumar.
- Company will not proceed with the rejected director appointments.
- Board had previously approved seeking RBI approval for these appointments.
Price Impact
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