Parnami Credits Limited announced that at its Board of Directors Meeting held on 2nd November, 2018, the company approved the appointment of Ms. Nimisha Kasat as Company Secretary and Compliance officer of the Company with effect from 2nd November, 2018. She is an Associate Member of Institute of Company Secretaries of India, who posses the requisite qualificationas prescribed under the Companies (Appointment and Qualification of Secretary) Rules, 1988.

The company also approved the issue of INR 135,000,000 non-convertible debenture on private placement basis with coupon rate of 12% per annum, payable monthly.