Change in Director / Key Managerial Personnel
Nature of change: Appointment of two new Senior Management Personnel and cessation of two existing personnel.
Appointment 1 - Mr. Parag Murudkar:
- Designation: Head Marketing, Senior Management Personnel
- DIN: Not provided
- Effective date: July 1, 2026
- Terms of appointment: Full Time Employment
- Brief profile: Over 20 years of experience in brand management, marketing strategy and product innovation within the BFSI sector. Currently Head - Brand, Product and Channel Marketing at Aditya Birla Capital Ltd (NBFC) since April 2025. Previously associated with GroupM-Mindshare, Refyne Tech, Yes Bank Ltd, Axis Bank Ltd, and ICICI Bank Ltd. Holds Bachelor's degree in Science and Master of Management Studies degree from Mumbai University.
Appointment 2 - Mr. Nikesh Gupta:
- Designation: Chief Operations Officer, Senior Management Personnel
- DIN: Not provided
- Effective date: August 1, 2026
- Terms of appointment: Full Time Employment
- Brief profile: Around 32 years of experience in Operations and Customer Service. Currently serving as Chief Operations Officer at Aditya Birla Capital (NBFC) since October 2021. Previously worked with Citibank, Kotak Mahindra Bank, DBS Bank and Bank of America. Holds Bachelor of Business Administration (BBA) degree from Delhi University and Master of Business Administration (MBA) degree from Institute of Management Technology, Ghaziabad.
Cessation 1 - Mr. Ranabir Bose:
- Previous position: Head - Marketing (Senior Management Personnel)
- Cessation date: Close of business hours of June 30, 2026
- Reason: Transition to a leadership role within Aditya Birla Capital
- Resignation letter dated June 19, 2026 submitted
Cessation 2 - Ms. Keerti Gupta:
- Previous position: Chief Operations Officer (Senior Management Personnel)
- Cessation date: Close of business hours of July 31, 2026
- Reason: Transition to a leadership role within Aditya Birla Capital
- Resignation letter dated June 19, 2026 submitted
Confirmation of eligibility: The appointments were based on the recommendation of the Nomination, Remuneration and Compensation Committee and approved by the Board of Directors via circular resolutions passed on June 22, 2026, indicating compliance with SEBI norms.
Key Financial or Operational Approvals
The Board of Directors approved the changes in Senior Management Personnel through circular resolutions passed on June 22, 2026, based on the recommendation of the Nomination, Remuneration and Compensation Committee.
Any Other Material Information
Regulatory Compliance: The intimation is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Company Details:
Contact Information:
- Company Secretary and Compliance Officer: Prateek Savla (ACS 29500)