BCL Enterprises Limited has appointed Shahzaib Nawaz as Chief Financial Officer, signaling a renewed focus on financial discipline and governance at the NBFC. The board cleared his appointment in its latest meeting, with Nawaz expected to oversee capital allocation, regulatory compliance and growth planning in a challenging small‑cap lending environment.
Board backs new finance head
The board of BCL Enterprises has approved the appointment of Shahzaib Nawaz as Chief Financial Officer (CFO), replacing the earlier incumbent named in recent annual filings. As CFO, Nawaz will become a key managerial personnel under the Companies Act and SEBI’s Listing Regulations, taking charge of financial reporting, treasury, taxation and liaison with auditors and regulators.
For a small NBFC with modest scale and low promoter holding, the finance function is central to maintaining asset quality, managing liquidity and meeting evolving RBI and SEBI compliance requirements. The appointment indicates the company’s intention to tighten systems and improve transparency as it navigates credit risk, funding costs and governance expectations in the listed space.
Key highlights
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Board of BCL Enterprises approves appointment of Shahzaib Nawaz as Chief Financial Officer.
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CFO designated as key managerial personnel responsible for financial reporting, capital planning, taxation and regulatory filings.
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Move replaces the previous CFO listed in FY25 annual report, signalling a leadership refresh in finance.
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Strengthened finance oversight seen as important for a small NBFC with limited promoter skin in the game and modest profitability.
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Market will watch upcoming quarterly results and disclosures for early signs of changes in capital allocation and governance practices.
Sources: BCL Enterprises corporate filings and governance reports, BSE/MSEI board‑meeting notices and company information pages, public financial data on BCL Enterprises.