How quickly was the CFO replaced?

The resignation was effective June 9, and the new CFO, Manish Chandan, was appointed the next day, effective June 10. The same-day succession suggests a planned handover.

What other board changes were announced?

The board approved the appointments of Neha Singh as Whole-Time Director and Company Secretary, and Pramod Kishore Shrivastava as Additional Director and Chairman. Both appointments are subject to shareholder approval within three months.

Were the director appointments previously known?

Yes. The filing states the appointments of Neha Singh and Pramod Kishore Shrivastava were previously disclosed and followed RBI clearance. They are procedural steps being ratified by the board.

Why does the CFO change matter for a company this small?

Ad-Manum Finance has a market capitalisation of ₹48 crore. In a nano-cap NBFC, the CFO directly oversees financial strategy, regulatory compliance, and investor confidence. Any departure introduces uncertainty around financial oversight.

Finance - NBFC · Micro cap

Ad-Manum Finance's CFO resigns, replaced within a day

Dheeraj Bajoliya stepped down on June 9. The nano-cap NBFC appointed Manish Chandan as his successor the next morning.

— 1 earlier story on Ad-Manum Finance Ltd. →

ADMANUM By Tipsheet Editorial 10 Jun 2026 · 7:45 PM IST Verify on BSE · NSE

Mkt cap₹47.62 cr

P/E4.46×

ROE11.13%

Debt / eq.0.10

₹48 cr Ad-Manum's market capitalisation at the time of the CFO change.

What's new

CFO Dheeraj Bajoliya resigned effective June 9, and Manish Chandan was appointed his replacement effective June 10.
The board also approved appointments of Neha Singh as Whole-Time Director and Company Secretary and Pramod Kishore Shrivastava as Chairman.
The director appointments were previously disclosed and follow RBI clearance.

Why this matters

For a company with a ₹48 crore market cap, the CFO is a critical role overseeing financial strategy and compliance. The immediate, pre-planned replacement minimizes operational disruption, but the departure itself removes a known hand at the financial controls of a small NBFC. The filing provides no reason for Bajoliya's exit.

What we're watching

Whether the new CFO's background or stated plans are disclosed in future filings.
Any changes to financial reporting, audit conclusions, or compliance status following the transition.
The timeline for shareholder approval of the new director appointments.

The full read

Ad-Manum Finance, a nano-cap NBFC with a market capitalisation of ₹48 crore, lost its CFO. Dheeraj Bajoliya resigned effective June 9. The board named Manish Chandan his successor the next day, effective June 10. The swift appointment points to a planned transition, but the filing offers no reason for the original departure. For a company this size, the CFO is the primary steward of financial reporting and regulatory compliance. The board simultaneously ratified two director appointments, Neha Singh and Pramod Kishore Shrivastava, which had been previously disclosed and follow RBI clearance. The CFO change is the material event here.

Questions answered

How quickly was the CFO replaced?: The resignation was effective June 9, and the new CFO, Manish Chandan, was appointed the next day, effective June 10. The same-day succession suggests a planned handover.
What other board changes were announced?: The board approved the appointments of Neha Singh as Whole-Time Director and Company Secretary, and Pramod Kishore Shrivastava as Additional Director and Chairman. Both appointments are subject to shareholder approval within three months.
Were the director appointments previously known?: Yes. The filing states the appointments of Neha Singh and Pramod Kishore Shrivastava were previously disclosed and followed RBI clearance. They are procedural steps being ratified by the board.
Why does the CFO change matter for a company this small?: Ad-Manum Finance has a market capitalisation of ₹48 crore. In a nano-cap NBFC, the CFO directly oversees financial strategy, regulatory compliance, and investor confidence. Any departure introduces uncertainty around financial oversight.

Mentioned: Dheeraj Bajoliya · Manish Chandan · ₹48 cr market cap

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on ADMANUM →

10 Jun 2026 · 7:45 PM IST Ad-Manum Finance's CFO resigns, replaced within a day
14d ago Ad-Manum Finance writes off ₹1.20 crore in decade-old dues