Capital India Finance Limited (CIFL) has issued a Postal Ballot Notice dated December 30, 2025, to seek approval from its members for the appointment of Mr. Surender Rana (DIN: 10315624) as Wholetime Director, designated as the Executive Vice Chairman of the Company. Mr. Rana, who was initially appointed as an additional director on November 18, 2025, has a distinguished career of over 34 years in the banking sector, including his role as ex-Deputy Managing Director at State Bank of India.

The notice, sent electronically to eligible members as of January 09, 2026, outlines the special resolution for Mr. Rana's appointment for a period of three consecutive years, effective November 18, 2025. The proposed remuneration includes an annual compensation of ₹1.25 crore, along with bonus, gratuity, accommodation, and car as per company policy and applicable laws. Members can cast their votes through remote e-voting, which will commence on January 14, 2026, at 9:00 a.m. (IST) and conclude on February 12, 2026, at 5:00 p.m. (IST). The results of the postal ballot are expected to be announced on or before February 13, 2026.

The company has engaged KFin Technologies Limited for e-voting services. The detailed instructions for e-voting are provided in the notice. The appointment is crucial for the company's strategic direction, leveraging Mr. Rana's extensive experience in credit, risk management, and leadership. The company's financial performance for FY 2024-25 shows a total income of ₹18,445.32 lakhs and a profit after tax of ₹1,186.75 lakhs.