ARCILAsset Reconstruction Company (India) Ltd.
Asset Reconstruction Company (India) gets RBI nod for nominee director
- Management change
- asset reconstruction
Reviewed byKeshav SehgalBlacklitt Research
Asset Reconstruction Company (India) (NSE: ARCIL) has received RBI approval for the appointment of Satyendra Kumar Singh as a Non-Executive Nominee Director for a term not exceeding five years, it said in a filing on 30 Oct 2026. Singh is Chief Credit Officer and Chief Sustainability Officer at State Bank of India.
The appointment and its conditions
The Board approved the appointment on 01 Sep 2026, on the recommendation of the Nomination and Remuneration Committee. The appointment takes effect from the date of RBI approval, which the company received on 30 Oct 2026, and the company gives 30 Oct 2026 as the date of appointment.
The appointment is subject to approval by shareholders at the ensuing general meeting or within three months from the date of appointment, whichever is earlier.
Singh is a graduate in Economics. He has been designated as Nominee Director representing State Bank of India on the Board of National e-Governance Services Ltd (NeSL).
What the appointment means for Asset Reconstruction Company (India)'s shareholders
The change adds a non-executive nominee to the Board for a term not exceeding five years. The filing does not say whether Singh replaces an existing director, what remuneration he will receive, or when the general meeting that must approve him will be held.
The next dated step is shareholder approval, due at the ensuing general meeting or within three months from the date of appointment, whichever is earlier.
At a glance
| Item | Detail |
|---|---|
| Director | Satyendra Kumar Singh (DIN: 10192181) |
| Role | Non-Executive Nominee Director |
| Board approval | 01 Sep 2026 |
| RBI approval | 30 Oct 2026 |
| Date of appointment | 30 Oct 2026 |
| Term | Not exceeding five years |
| Current role | Chief Credit Officer and Chief Sustainability Officer, State Bank of India |
Filed with NSE on . Reference: Original filing (PDF)
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