IndoStar Capital Finance (IndoStar) today announced that its Board of Directors has recommended the appointment of Randhir Singh as Whole-Time Director designated as Executive Vice Chairman of the company. Randhir Singh was most recently Joint CEO of APAC Financial and brings 29 years of experience in Financial Services with leadership roles at Citibank, Deutsche Bank and Edelweiss Financial Services. Randhir will partner with the management team to deliver the growth strategy and drive value creation at Indostar. Powered by Capital Market - Live News

Net profit of Indostar Capital Finance declined 53.58% to Rs 35.26 crore in the quarter ended March 2024 as against Rs 75.96 crore during the previous quarter ended March 2023. Sales rose 66.35% to Rs 474.37 crore in the quarter ended March 2024 as against Rs 285.17 crore during the previous quarter ended March 2023.For the full year,net profit declined 48.55% to Rs 115.84 crore in the year ended March 2024 as against Rs 225.15 crore during the previous year ended March 2023. Sales rose 18.62% to Rs 1392.98 crore in the year ended March 2024 as against Rs 1174.34 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales474.37285.17 66 1392.981174.34 19 OPM %50.6181.65 -60.7172.65 - PBDT48.1886.48 -44 162.86278.19 -41 PBT39.2177.30 -49 129.64238.63 -46 NP35.2675.96 -54 115.84225.15 -49 Powered by Capital Market - Live News

IndoStar Capital Finance will hold a meeting of the Board of Directors of the Company on 29 April 2024.Powered by Capital Market - Live News

IndoStar Capital Finance announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 22 March 2024 .Powered by Capital Market - Live News

The Board of Indostar Capital Finance at its meeting held on 27 February 2024 has approved the issuance of 139,49,323 convertible warrants of the company of face value of Rs 10 each to BCP V Multiple Holdings, the promoter of the Company, and/ or BCP V Multiple FVCI Holdings, an affiliate of the promoter of the company (collectively referred to as the �promoter allottees�); and10,869,565 convertible warrants of the company of face value of Rs 10 each to Florintree Tecserve LLP (non-promoter allottee), a limited liability partnership incorporated and existing under the laws of India, belonging to non-promoter category, by way of preferential issue on private placement basis. The Board also approved increase in authorised share capital to Rs 200 crore from Rs 165 crore comprising of Rs 187.50 crore of equity share capital and Rs 12.50 crore of preference share capital. Powered by Capital Market - Live News