Indostar Capital Finance has allotted 4,000 - Senior, Secured, Redeemable, Rated, Listed, Taxable Non-Convertible Debentures of face value of Rs 10,00,000 each, for cash, at par, (Debentures) aggregating to Rs 400 crore on Private Placement basis on 29 December 2022.

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Vinod Kumar Panicker is a qualified chartered accountant and has over 32 years of rich experience in handling finance & accounts, legal & secretarial, investor relationship & analysts, fund raising, systems, strategy, with in-depth knowledge of the NBFC sector. Prior to joining Indostar Capital Finance, he was associated with Muthoot Capital Services (Muthoot Pappachan Group) as CFO for the past 9 years.

He has also held various positions with organizations like Asianet Satellite Communications, Cadbury Schweppes Beverages India & Schweppes Beverage Division, The Coca Cola Bottling Co. of Saudi Arabia, Herdillia Unimers.

Indostar Capital Finance is registered with the Reserve Bank of India (RBI) as a systemically important non-deposit taking non-banking financial company (NBFC-ND-SI). The company is primarily engaged in lending business.

The company's consolidated net profit jumped 30.8% to Rs 51.60 crore on 3.5% rise in net sales to Rs 294.51 crore in Q2 FY23 over Q2 FY22.

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The Board of IndoStar Capital Finance at its meeting held on 26 December 2022 has approved shift of registered office of the Company from “One World Center, 20th Floor, Tower 2A, Jupiter Mills Compound, Senapati Bapat Marg, Mumbai - 400013” to “Unit No. 505, 5th Floor, Wing 2/E, Corporate Avenue, Andheri- Ghatkopar Link Road, Chakala, Andheri (East), Mumbai - 400093” with effect from 30 December 2022.

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The Board of IndoStar Capital Finance at its meeting held on 26 December 2022 has approved appointment of Vinod Kumar Panicker as the Chief Financial Officer of the Company with effect from 26 December 2022.

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