Key Personnel Changes
Resignation
- Mr. Shrenik Choraria resigned from the position of Chief Financial Officer (CFO)
- Effective from closing hours of June 15, 2026
- Reason for resignation: Health issues (as stated in his resignation letter dated June 13, 2026)
- The resignation was approved by the Board upon recommendation of the Nomination & Remuneration Committee
Appointment
- Mr. Umesh Rajan Swamy appointed as new Chief Financial Officer (CFO)
- Effective from closing hours of June 15, 2026
- Educational qualification: Commerce graduate
- Professional background: Extensive experience in broking and financial sector, having worked with leading broking houses and NBFCs
- Since 2010, actively engaged in business activities applying financial and operational expertise to entrepreneurial ventures
Board Meeting Details
- Meeting date: June 15, 2026
- Commencement time: 12:45 Hrs
- Conclusion time: 13:10 Hrs
- Duration: 25 minutes
Additional Confirmations
- No other material reasons for resignation beyond health issues
- No relationships between directors requiring disclosure
- Mr. Shrenik Choraria does not hold directorships in other listed entities (Not Applicable)
Financial Impact
No financial impact quantified in the disclosure. The change represents a management personnel transition without stated financial implications.
Correspondence Addresses
- Company address: 805, Raheja Centre, 214, Free Press Journal Marg, Nariman Point, Mumbai, Maharashtra, 400021
- Resigning CFO address: C-104, Riviera Building, Lokhandwala Township, Kandivali East Mumbai-400101
#Tags #GCM Securities #ManagementChange #SEBIDisclosure #RegulatoryCompliance #Neutral