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CFO Yogesh Mule to Depart Enbee Trade Amidst Rights Issue
Enbee Trade & Finance Ltd announced that its Chief Financial Officer (CFO), Yogesh Mule, will resign on April 30, 2026. Mr. Mule is leaving to pursue other professional opportunities. This leadership change comes as the non-banking financial company (NBFC) moves forward with a rights issue aimed at strengthening its capital base.
The company recently reported strong financial results for Q3 FY26, with standalone net profit surging over 300% to ₹3.34 crore on revenue of ₹7.88 crore. For the full fiscal year 2025, Enbee Trade & Finance recorded revenue of ₹19.73 crore and a net profit of ₹4.95 crore.
Leadership Transition and Financial Strategy
The departure of a CFO is a significant event for any company, especially for an NBFC. It naturally raises questions about the continuity of financial strategy and internal controls. Investors will closely monitor how Enbee Trade & Finance ensures a smooth transition of financial responsibilities and maintains its strategic direction. The company will now commence a search for a new CFO.
Company Operations and Regulatory Background
Established in 1985 and licensed by the RBI, Enbee Trade & Finance operates in unsecured lending and vehicle parts trading. It has been actively raising capital, with rights issues in early 2026 planned to bolster its funds and repay loans. The company's promoters have encountered regulatory scrutiny in the past; notably, promoter Amar Gala was fined ₹25 lakh by SEBI in 2017 for delayed compliance with an open offer. This history highlights the importance of robust governance and succession planning for key positions.
Market Position and Future Outlook
Enbee Trade & Finance operates within a competitive NBFC sector alongside larger firms like Bajaj Finance and Shriram Finance. While its recent performance shows impressive growth, the CFO's exit could introduce a period of short-term uncertainty compared to peers with established senior management teams.
Investors will be watching for the appointment of a new CFO, the successful completion of the current rights issue, and the company's ability to maintain its recent financial performance trajectory.