Ceejay Finance Re-Appoints Deepak Patel as MD for 5-Year Term

AHMEDABAD — Non-banking financial company Ceejay Finance Limited announced on Friday, August 14, 2026, that its Board of Directors has approved the re-appointment of Deepak Patel as Managing Director for a five-year term starting September 1, 2026. The decision was finalized during a board meeting at the company's registered office, where leadership also reviewed and approved the unaudited financial results for the first quarter ended June 30, 2026.

The extension prolongs Patel’s decades-long leadership at Ceejay Finance Limited, subject to shareholder approval at the upcoming Annual General Meeting. The decision comes as the non-banking financial institution continues its focus on vehicle and personal financing across Gujarat and surrounding regional markets.

Executive Leadership and Board Decision

The board's recommendation to re-appoint Deepak Patel was submitted by the Nomination and Remuneration Committee. Patel, a promoter of the company who holds an MBA from the University of Florida, has been associated with Ceejay Finance Limited since 1993. Over his 35-year career in corporate management, he has overseen business expansions across finance, investments, power generation, real estate, and marketing.

The company confirmed in a filing to the BSE Limited that Patel has not been debarred from holding the office of director by the Securities and Exchange Board of India (SEBI) or any other regulatory authority. Patel is related to fellow directors Kiran Patel and Shailesh Patel.

Q1 FY27 Financial Results Overview

Alongside executive leadership decisions, Ceejay Finance Limited released its unaudited financial statements for the quarter ended June 30, 2026.

Total income for the quarter stood at ₹612.55 lakh, compared to ₹646.15 lakh recorded in the corresponding quarter of the previous year. Net profit after tax was reported at ₹200.74 lakh, yielding a basic and diluted Earnings Per Share (EPS) of ₹5.82. The company’s independent auditors, Kantilal Patel & Co., completed a limited review of the results, confirming compliance with Indian Accounting Standards (Ind AS 34) and Reserve Bank of India (RBI) guidelines.

Official Sources Section

According to regulatory filings submitted to the BSE Limited, Ceejay Finance Limited conducted its board meeting on August 14, 2026, between 03:00 PM and 04:20 PM IST. The formal outcome, signed by Company Secretary Kamlesh Upadhyaya, was filed in compliance with Regulations 17, 25, 30, and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Quote Section

"The Board of Directors at their meeting held on August 14, 2026, considered and approved the re-appointment of Mr. Deepak Patel as Managing Director of the company with effect from September 01, 2026, to hold office for a term of 5 years, subject to the approval of shareholders," stated Kamlesh Upadhyaya, Company Secretary and Compliance Officer, in the official exchange disclosure.

Why It Matters

Leadership stability remains a key consideration for non-banking financial companies managing retail lending portfolios and regulatory compliance. The five-year extension provides continuity in Ceejay Finance Limited's strategic planning and operational governance. For investors and credit customers, the continuation of established leadership offers operational predictability in regional retail finance markets.

Key Facts at a Glance

• Executive Mandate: Deepak Patel re-appointed as Managing Director of Ceejay Finance Limited for 5 years.

• Effective Dates: Term runs from September 1, 2026, through August 31, 2031.

• Quarterly Profit: Net profit for Q1 ended June 30, 2026, reached ₹200.74 lakh.

• Operational Income: Total quarterly income stood at ₹612.55 lakh.

• Regulatory Compliance: Approved under SEBI LODR Regulations and verified by independent auditors Kantilal Patel & Co.

Frequently Asked Questions (FAQ)

Who has been re-appointed as Managing Director of Ceejay Finance?

Deepak Patel has been re-appointed as Managing Director (Executive) of Ceejay Finance Limited for a term of five years.

When does Deepak Patel’s new term take effect?

The new tenure starts on September 1, 2026, and runs through August 31, 2031.

What were Ceejay Finance’s Q1 FY27 financial results?

For the quarter ended June 30, 2026, Ceejay Finance reported total income of ₹612.55 lakh and a net profit after tax of ₹200.74 lakh.

Where can shareholders inspect the official disclosure?

The complete filing and financial results are available on the official website of the BSE Limited and on the Ceejay Finance Official Website.

Source: BSE Limited Filings, Ceejay Finance Investor Relations, Securities and Exchange Board of India Circulars.