Esquire Money Guarantees Appoints Manoj Chander Pandey as CFO

The Mumbai-based financial services firm has announced a key leadership transition, with Manoj Chander Pandey stepping into the role of Chief Financial Officer following the resignation of Peeyush Sethia.

MUMBAI — Esquire Money Guarantees Limited, a publicly listed company providing investment and securities brokerage services, confirmed a significant change in its executive leadership team on July 10, 2026. Peeyush Sethia has stepped down from his position as Chief Financial Officer (CFO), with Manoj Chander Pandey appointed to assume the responsibilities, effective immediately.

The transition marks a pivotal shift for the Worli-based financial firm, which operates across various segments including loan facilitation, credit management, and advisory services. According to regulatory disclosures filed with the BSE, the company is moving to consolidate its management structure as it navigates a challenging fiscal environment in the commercial services and supplies sector.

Executive Leadership Transition

Peeyush Sethia, who has served as a key financial officer and Executive Director for the company, leaves behind a tenure focused on navigating the firm through complex regulatory and accounting requirements. His successor, Manoj Chander Pandey, who also serves as the Managing Director of the firm, will now take on the dual responsibility of overseeing the company’s financial health alongside its daily operations.

The appointment is part of the board’s broader strategy to streamline corporate governance and ensure continuity in financial reporting. Pandey, a science graduate with over 18 years of experience in network administration and digital strategy, is expected to pivot the firm’s focus toward operational efficiency and tighter cost control measures.

Context and Strategic Outlook

Esquire Money Guarantees Limited has faced persistent financial headwinds in recent quarters. With a market capitalization that has remained constrained and a return on equity that has struggled to enter positive territory, the firm is under pressure from shareholders to improve its fiscal transparency and performance.

The company, which was originally incorporated as Stallion Trade & Finance Limited in 1985 before pivoting into its current financial services avatar, has been focusing on serving retail and SME clients. However, recent regulatory filings indicate that the firm has reported volatile earnings, with several quarters showing nil net profit or losses, prompting the board to prioritize seasoned leadership in the CFO seat.

Official Sources

• Esquire Money Guarantees Limited: Official regulatory filings and corporate disclosures submitted to BSE Limited.

• Company Governance Records: Board resolution details regarding Key Managerial Personnel (KMP) appointments and resignations.

Quote Section

"According to officials," the transition in the Chief Financial Officer role is aimed at aligning the company’s financial management with its long-term operational goals. Organizers stated that the board remains committed to maintaining robust corporate governance standards and ensuring that the company’s financial strategies are effectively executed during this period of leadership change.

Why It Matters

For investors and shareholders, this leadership change is a critical development in the company’s governance. As a micro-cap entity, the stability of its financial management is vital for maintaining confidence in its reporting practices. The appointment of the Managing Director as the interim CFO suggests a consolidation of power and a direct oversight approach, which market participants will closely monitor in the upcoming quarterly results.

Key Facts at a Glance

• Outgoing CFO: Peeyush Sethia.

• Incoming CFO: Manoj Chander Pandey (who also serves as Managing Director).

• Effective Date: July 10, 2026.

• Primary Sector: Investment, securities brokerage, and financial services.

• Headquarters: Worli, Mumbai, Maharashtra.

FAQ

1. Why has the CFO of Esquire Money Guarantees resigned?

Peeyush Sethia resigned from his position as CFO, as confirmed in the recent regulatory disclosure provided to the BSE.

2. Who will replace Peeyush Sethia as CFO?

Manoj Chander Pandey, the Managing Director of the company, has been appointed to take over the responsibilities of the CFO.

3. What is the impact of this change on the company?

This leadership change is intended to streamline financial oversight and ensure operational continuity, though the firm continues to navigate significant financial volatility.

Source: BSE India, Esquire Money Guarantees Official Website