Nature of change: Appointment of Mr. Rajesh Palviya as Head - Technical & Derivative Research, designated as Senior Management Personnel of the company.
Name and details: Mr. Rajesh Palviya (DIN not provided in disclosure).
Effective date: September 24, 2026.
Term of appointment: Full-Time Employment.
Profile and qualifications: Senior investment research leader with 24+ years experience in Indian capital markets. Previously led a 32-member multi-disciplinary research team across Fundamental Equity, Technical, Quantitative and Commodity Research. Responsibilities included building high-conviction research, driving product innovation, supporting business growth across retail, HNI and institutional segments, and representing his firm across leading financial media. Expertise spans market strategy, portfolio construction, derivatives, technical analysis, leadership, stakeholder management and investor education.
Educational qualifications: MBA (Systems) from Shri Vaishnav Institute of Management, DAVV, Indore; Master of Computer Education (M.C.Ed) from DAVV, Indore; B.Sc. from PMB Gujarati Science College, DAVV, Indore; NISM XV certified as Research Analyst.
Regulatory compliance: Appointment made based on recommendation of Nomination & Remuneration Committee and approved by Board of Directors through circular resolution. Disclosure made pursuant to Regulation 30 read with Schedule III Part A Para A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
Relationship disclosure: Not applicable (as per annexure table).
Key Financial or Operational Approvals
No financial results, fundraising, or operational approvals mentioned in this disclosure.
Strategic or Business Context
No specific business outlook, risk commentary, or strategic initiatives disclosed beyond the appointment.
Any Other Material Information
The appointment strengthens the company's research capabilities specifically in technical and derivatives analysis.
The individual will be part of the Core Senior Management Team of the Company.
Disclosure includes all required annexure details as per SEBI LODR requirements.
