Real Touch Finance Ltd Boards Decisions: Three Director Appointments Proposed; NonExecutive Director Resigns
The Board of Directors of Real Touch Finance Ltd has approved the identification of three individuals for potential appointment as directors and took note of a senior director's resignation, following a meeting held on June 26, 2026.The Nomination and Remuneration Committee identified and recommended Mr. Angalappan Anandakumar, Mr. Suriyanarayanan Meenakshi Sundaram, and Mr. Ganesan Magesh Kumar as suitable candidates for appointment to the Board of Directors. The Board approved these proposed appointments, contingent on obtaining prior approval from the Reserve Bank of India (RBI).
The company confirmed that it would be filing an application with the RBI's "PRAVAAH" Portal seeking the appointment of the aforementioned individuals.
Director Resignation Confirmed
In a related development, the Board accepted the resignation of Mr. Sundaresan Sampathkumar from his position as NonExecutive Director. The resignation, effective from the close of business hours on June 25, 2026, was stated to be due to professional commitments in other companies.Detailed information regarding the change in directorship concerning Mr. Sampathkumar is summarized below:
| Detail | Information |
|---|---|
| Reason for Change | Resignation |
| Director Name | Mr. Sundaresan Sampathkumar |
| Date of Cessation | Close of business hours on June 25, 2026 |
| Detailed Reason | The resignation is due to other professional commitments and there are no material reasons other than those specified in his resignation letter. |
Stock Price Movement
Real Touch Finance Ltd settled at ₹48.30 on Thursday after shares edged higher by 3.63%. The stock remained completely flat throughout the session, finishing with its intraday high and low locked at ₹48.30.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.