{"url":"https://newsforagent.com/news/2026-10-24/scintilla-commercial-credit-four-directors-resign","markdown_url":"https://newsforagent.com/news/2026-10-24/scintilla-commercial-credit-four-directors-resign.md","title":"Scintilla Commercial & Credit loses four directors","headline":"Scintilla Commercial & Credit sees four directors resign, including three independent ones","description":"Scintilla Commercial & Credit disclosed four director resignations effective October 24, 2026, including three non-executive independent directors.","section":"Business","published_at":"2026-10-24T17:37:02+00:00","modified_at":"2026-10-24T17:37:02+00:00","author":"News Desk","key_takeaways":["Pooja Kalanouria, Ritu Agarwal and Meena Agarwal resigned as Non-Executive Independent Directors of Scintilla Commercial & Credit on October 24, 2026.","Manisha Khandelwal resigned as a Non-Executive Director, citing pre-occupation in other assignments.","The three independent directors had been appointed to the board on September 2, 2025, about one year before their exit."],"companies":[{"name":"Scintilla Commercial & Credit","is_primary":true,"profile_url":"https://akta.pro/company-profiles/003mtfc/scintilla-commercial-credit","website":"http://www.scintilla.co.in"}],"source":{"publisher":"ScanX","title":"Scintilla Commercial & Credit sees four directors resign","url":"https://scanx.trade/stock-market-news/companies/scintilla-commercial-credit-sees-four-directors-resign/54405817"},"other_sources":[],"tags":["Business","Scintilla Commercial & Credit"],"body_markdown":"[Scintilla Commercial & Credit](https://akta.pro/company-profiles/003mtfc/scintilla-commercial-credit) Ltd announced the resignation of four directors effective October 24, 2026, including three non-executive independent directors and one non-executive director. [ScanX](https://scanx.trade/stock-market-news/companies/scintilla-commercial-credit-sees-four-directors-resign/54405817) reported the departures, which the company disclosed to the BSE and the Calcutta Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.\n\n## Who Left the Scintilla Board\n\nPooja Kalanouria (DIN: 09056683), Ritu Agarwal (DIN: 08143534) and Meena Agarwal (DIN: 11276790) stepped down as Non-Executive Independent Directors. Manisha Khandelwal (DIN: 10299567) resigned as a Non-Executive Director. All four resignations took effect on October 24, 2026.\n\nKalanouria, Ritu Agarwal and Meena Agarwal cited \"unavoidable personal circumstances\" as the reason for their resignations. Each confirmed that there were no other material reasons for their departure beyond those stated in their resignation letters. Khandelwal attributed her resignation to \"pre-occupation in other assignments,\" having served since September 1, 2023. The three independent directors had been appointed to the board on September 2, 2025, a tenure of about one year before their exit. The company said the Board of Directors placed on record its appreciation for the valuable contribution and guidance provided by the departing directors during their association with the company.\n\n## Scintilla's Kolkata Lending Business\n\nScintilla Commercial & Credit is a Kolkata-based, RBI-registered non-banking financial company that provides loans and advances to small businesses, individuals and corporates, and trades in shares and securities, according to [akta.pro company records](https://akta.pro/company-data). The company operates with 1-10 employees from a single domestic footprint and was founded in 1990. Its leadership includes Managing Director Jitendra Kumar Goyal, Chief Financial Officer Manoj Biyani and Company Secretary and Compliance Officer Priyanka Mohta.\n\n## Earlier Scintilla Disclosures\n\nScintilla accepted the resignation of Priyanka Mohta as Company Secretary and Compliance Officer effective close of business on September 3, 2026, with the Board approving the exit at its meeting the same date, ScanX reported. The company filed additional details with stock exchanges after a regulatory query about the initial disclosure, and Sushma Budhia, the current Company Secretary and Compliance Officer, stated there was no malafide intention behind the oversight.\n\nScintilla reported revenue of INR 1.6 million for the first quarter ended June 30, 2026, down from INR 1.72 million a year earlier, while net income rose to INR 0.403 million from INR 0.371 million, MarketScreener reported. For the quarter ended March 2026, standalone net profit declined 36.36% to Rs 0.07 crore from Rs 0.11 crore a year earlier, Business Standard reported.\n\n## What Comes Next for Scintilla\n\nThe company has not yet disclosed details regarding successor appointments to the vacant board seats.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}