Key Highlights
- Real Touch Finance Limited (BSE: 538611) has disclosed the resignation of Mr. Sundaresan Sampathkumar (DIN: 08832266) as Non-Executive Non-Independent Director.
- Resignation effective close of business hours on June 25, 2026, citing increasing personal and professional commitments.
- Director confirmed no material reasons for resignation beyond those stated in his resignation letter.
- Disclosure made under Regulation 30 of SEBI (LODR) Regulations, 2015 and SEBI Circular dated January 30, 2026.
- Company is a BSE-listed NBFC/finance company with registered office in Howrah, West Bengal.
Company Overview
Real Touch Finance Limited is a BSE-listed financial services company incorporated with CIN L01111WB1997PLC085164. The company's registered office is at Arihant Enclave, Ground Floor, 493B/57A, G.T. Road (South), Sibpur, Howrah - 711102, West Bengal, while its corporate branch office is located at Khivraj Complex I, 3rd Floor, No. 480, Anna Salai, Nandanam, Chennai - 600035, Tamil Nadu. Listed on BSE with scrip code 538611, the company operates in the financial services and lending space.
Director Resignation: Key Facts
Real Touch Finance Limited filed an intimation with BSE Limited on June 19, 2026, disclosing the resignation of Mr. Sundaresan Sampathkumar (DIN: 08832266) from the position of Non-Executive Non-Independent Director on the company's Board, with effect from the close of business hours on June 25, 2026. The resignation has been filed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III thereof, and the SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
In his resignation letter addressed to the Board of Directors, Mr. Sampathkumar stated that his decision to step down was driven by increasing personal and professional commitments that require his dedicated attention and time, leaving him unable to devote the requisite level of involvement for the effective discharge of his duties and responsibilities as a Director. He expressly confirmed that there are no material reasons for his resignation beyond those stated in his letter, as required by SEBI's disclosure norms.
Regulatory Framework for Board Changes
Regulation 30 of SEBI LODR mandates that listed companies disclose any change in the composition of their Board of Directors — including appointments, resignations, and cessations — to the stock exchanges within prescribed timelines. The January 2026 SEBI Circular further enhanced disclosure requirements, mandating companies to provide structured information about the resigning director including the reason for change, date of cessation, and whether there are any other material reasons beyond those disclosed.
Real Touch Finance's compliance with these disclosure norms reflects adherence to SEBI's governance framework for listed entities. The company has provided all requisite information in Annexure I as required under the circular, including a confirmation that no material reasons exist beyond those stated in the resignation letter.
Governance Implications
Board composition changes at smaller listed financial companies are closely watched by investors and regulators alike, given the critical oversight role that non-executive directors play in ensuring independent governance, risk management, and regulatory compliance. The departure of a non-executive non-independent director — while not unusual — necessitates that the company assess whether its remaining Board composition continues to meet SEBI's prescribed requirements for director independence, committee composition, and quorum.
Investors tracking Real Touch Finance Limited should monitor subsequent exchange filings for any updates on the appointment of a new director to fill the vacancy created by Mr. Sampathkumar's resignation. Companies are typically required to fill Board vacancies within prescribed regulatory timelines to maintain compliance with SEBI LODR.
Small-Cap Financial Companies: Governance Focus
For small-cap financial companies like Real Touch Finance, strong Board governance is a key differentiator in building investor confidence. SEBI's enhanced disclosure requirements for director changes are designed to ensure transparency and prevent any ambiguity around the circumstances of a director's departure. The structured disclosure format now mandated — including confirmation of no material reasons — provides investors with greater assurance that board-level exits are not symptomatic of deeper governance or financial concerns within the company.
Frequently Asked Questions (FAQs)
Q: Who resigned from Real Touch Finance Limited's Board?
A: Mr. Sundaresan Sampathkumar (DIN: 08832266) resigned as Non-Executive Non-Independent Director of Real Touch Finance Limited, effective close of business on June 25, 2026.
Q: What was the reason for the director's resignation?
A: Mr. Sampathkumar cited increasing personal and professional commitments that prevented him from devoting the necessary time to his responsibilities as a Director. He confirmed there are no material reasons beyond those stated.
Q: Under which regulation was this disclosure made?
A: The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III and SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Q: What is Real Touch Finance Limited's BSE scrip code?
A: Real Touch Finance Limited is listed on BSE with scrip code 538611 and CIN L01111WB1997PLC085164.
Q: What happens to board composition after a director resignation?
A: After a director's resignation, the company must assess whether its Board composition continues to meet SEBI LODR requirements on independence and committee composition, and typically must fill the vacancy within prescribed timelines.