Change in Director / Key Managerial Personnel

Nature of change: Appointment and designation of Chief Compliance Officer (CCO) and Senior Management Personnel (SMP)

Name and DIN of the individual: Mr. Amit Gupta (DIN not disclosed in the filing)

Effective date and tenure:

  • Date of appointment of Mr. Amit Gupta as CCO and SMP: June 15, 2026
  • Term of appointment: Full-time employment with the Company
  • Date of cessation of Mr. Prasad Umarale as CCO and SMP: June 15, 2026

Brief profile and relevant qualifications:

Mr. Amit Gupta is a Chartered Accountant with over two decades of experience in regulatory compliance, corporate governance, and risk management across the financial services sector. His expertise spans Portfolio Management Services (PMS), Alternative Investment Funds (AIFs), Registered Investment Advisers (RIAs), and Wealth Management, Offshore Fund structures and Mutual Funds. He has played a pivotal role in building and strengthening compliance frameworks, enhancing governance standards, and driving effective risk oversight.

Prior to joining the Company, he served as Group Chief Compliance Officer at ASK Investment Managers, where he led regulatory compliance, regulatory liaison, and enterprise-wide compliance transformation initiatives. He brings extensive experience in regulatory affairs, policy advocacy, compliance automation, and risk monitoring, having worked closely with domestic and global institutional stakeholders, regulators, and industry bodies to strengthen governance frameworks and drive best-in-class compliance practices.

Confirmation of eligibility: The filing states the appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026 (as amended from time to time), indicating compliance with SEBI/BSE/NSE norms.

Relationship with other directors: Not disclosed

Previous KMP: Mr. Prasad Umarale previously held the position of Chief Compliance Officer and Senior Management Personnel. His tenure ceased on June 15, 2026.

Key Financial or Operational Approvals

The Board of Directors of the Company passed a circular resolution on June 15, 2026, approving the designation of Mr. Amit Gupta as the Chief Compliance Officer (CCO) and his identification as Senior Management Personnel of the Company.

Strategic or Business Context

No specific business outlook, risks, trends, or strategic context disclosed beyond the compliance officer appointment.

Any Other Material Information

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company scrip codes are BSE: 542773 and NSE: IIFLSEC. The company was formerly known as IIFL Securities Limited and is now IIFL Capital Services Limited.