Enbee Trade and Finance Appoints Nishith Kartik Pandit as Chief Financial Officer

MUMBAI — Mumbai-headquartered Non-Banking Financial Company (NBFC) Enbee Trade and Finance Limited announced the appointment of Nishith Kartik Pandit as its new Chief Financial Officer (CFO), effective July 24, 2026. The regulatory announcement came following a meeting of the company’s Board of Directors held on Friday, July 24, 2026.

The board meeting commenced at 06:15 PM IST and concluded at 06:45 PM IST, during which key executive decisions were finalized pursuant to Regulation 30 and Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Along with the executive finance leadership appointment, the board also approved the re-appointment of M/s. Spire Risk Advisors LLP as the company's Internal Auditor for a three-year period extending from Financial Year 2025–26 through Financial Year 2027–28.

Strategic Executive Leadership Transition

The appointment of Nishith Kartik Pandit comes as Enbee Trade and Finance Limited seeks to enhance its core financial strategy, operational management, and regulatory compliance infrastructure.

Pandit brings two decades of experience in the financial services sector. According to statutory disclosures submitted to stock exchanges:

• Academic Background: Pandit holds a Master of Business Administration (MBA) degree in Finance.

• Banking Sector Leadership: He spent 10 years in core banking roles with leading private financial institutions, including ING Vysya Bank and Kotak Mahindra Bank.

• Corporate Strategy Expertise: Over the subsequent 10 years, he served as a Finance Professional driving corporate strategy, business operations, credit, risk management, and financial planning.

• Shareholding Status: As of his appointment date, Pandit holds 580 equity shares in Enbee Trade and Finance Limited.

• Board Independence: The company confirmed there is no inter-se family relationship between Pandit and any existing directors on the board.

Strengthening Governance via Internal Audit Capabilities

To maintain robust financial controls and audit standards, the Board re-appointed M/s. Spire Risk Advisors LLP as the company’s internal auditor. The mandate spans three consecutive financial years, ending in FY 2027–28.

Spire Risk Advisors LLP specializes in proactive risk-based internal audits, Internal Financial Controls (IFC) evaluation, compliance mapping under Section 138 and Section 134 of the Companies Act 2013, and IT application control assessments. The re-appointment ensures continuity in monitoring process-level controls and mitigating compliance risks across retail lending operations.

Official Sources Section

The corporate executive reshuffle was formally communicated to the stock exchange in accordance with regulatory filing norms:

• Regulatory Filings: Submission made under SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

• Exchange Notice: Disclosure filed with
  BSE Limited
  under Scrip Code 512441.

• Corporate Signatory: Board approval signed by Amarr Narendra Galla, Managing Director (DIN: 07138963), Enbee Trade and Finance Limited.

Quote Section

In the official regulatory outcome document submitted to the exchange, management confirmed the outcome of the executive decisions:

"Pursuant to Regulation 30 and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at their meeting held today, Friday, July 24, 2026, inter alia, considered and approved the appointment of Mr. Nishith Kartik Pandit as Chief Financial Officer of the Company with effect from July 24, 2026," stated Amarr Narendra Galla, Managing Director of Enbee Trade and Finance Limited.

Why It Matters

For investors, market observers, and financial sector stakeholders, executive leadership shifts in non-deposit-taking NBFCs signal strategic focus on regulatory adherence and balance sheet oversight.

By bringing in a CFO with 10 years of private commercial banking experience (Kotak Mahindra Bank, ING Vysya) alongside specialized risk management expertise, Enbee Trade and Finance Limited aims to strengthen capital allocation, internal reporting accuracy, and institutional governance as it scales its financial service operations.

Key Facts at a Glance

• Executive Appointment: Nishith Kartik Pandit designated as Chief Financial Officer effective July 24, 2026.

• Industry Background: 20 years total experience, including 10 years in core banking with Kotak Mahindra Bank and ING Vysya Bank.

• Audit Mandate: Re-appointment of M/s. Spire Risk Advisors LLP as Internal Auditor for FY 2025–26 to FY 2027–28.

• Corporate Entity: Enbee Trade and Finance Limited (BSE: 512441, CIN: L50100MH1985PLC036945), registered in Lower Parel, Mumbai.

Frequently Asked Questions (FAQ)

Who has been appointed as the new CFO of Enbee Trade and Finance Limited?

Mr. Nishith Kartik Pandit has been appointed as the Chief Financial Officer (CFO) of the company.

When does the appointment of Nishith Kartik Pandit take effect?

The appointment took effect on July 24, 2026, following approval by the Board of Directors.

What is the corporate background of Nishith Kartik Pandit?

He holds an MBA in Finance and possesses 20 years of experience, including core banking roles at Kotak Mahindra Bank and ING Vysya Bank, alongside extensive work in credit, risk management, and corporate strategy.

Who was appointed as the internal auditor for Enbee Trade and Finance Limited?

The company re-appointed M/s. Spire Risk Advisors LLP as internal auditor for a three-year term spanning FY 2025–26 to FY 2027–28.

Where is Enbee Trade and Finance Limited listed?

Enbee Trade and Finance Limited is listed on BSE Limited under the scrip code 512441.

Source: BSE Limited Corporate Announcements, Enbee Trade and Finance Limited Board Outcome Filing