Change in Director / Key Managerial Personnel

Nature of change: Re-designation of five Senior Management Personnel

Details of Individuals:

  • Mr. Raghav Gupta - Re-designated as Joint Chief Executive Officers Private Wealth. Effective date: July 23, 2026. Term: Full Time employment.
  • Mr. Prakash Bulusu - Re-designated as Joint Chief Executive Officers Private Wealth. Effective date: July 23, 2026. Term: Full Time employment.
  • Mr. Hardik Sanghavi - Re-designated as Chief Technology Officer Institutional Equities. Effective date: July 23, 2026. Term: Full Time employment.
  • Mr. Chintan Modi - Re-designated as Head Growth & Business Partners. Effective date: July 23, 2026. Term: Full Time employment.
  • Mr. Aditya Sisodia - Re-designated as Chief Technology Officer Private Wealth. Effective date: July 23, 2026. Term: Full Time employment.

Brief profile and qualifications: Not disclosed in the annexure (marked as 'Not Applicable').

Confirmation of eligibility: The changes were approved by the Board of Directors in compliance with SEBI Listing Regulations and specifically under SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Relationship with other directors: Not disclosed (marked as 'Not Applicable' in annexure).

Previous KMP: The disclosure indicates re-designations rather than completely new appointments, suggesting these individuals were already in senior management positions within the company prior to July 23, 2026.

Key Financial or Operational Approvals

The Board meeting held on July 23, 2026, from 2:30 p.m. to 4:30 p.m. specifically approved the re-designation of these five senior management personnel. No other financial approvals, capital expenditures, debt, equity-related decisions, or strategic initiatives were mentioned in this disclosure.

Strategic or Business Context

The re-designations indicate organizational restructuring within IIFL Capital Services Limited, particularly in the Private Wealth and Institutional Equities divisions. The creation of Joint Chief Executive Officer roles for Private Wealth suggests a shared leadership structure for this business segment. The appointment of dedicated Chief Technology Officers for both Private Wealth and Institutional Equities indicates increased focus on technology leadership within these business units.

Any Other Material Information

Regulatory Compliance: The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The company has complied with the specific requirements of SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 regarding disclosure of management changes.

Company Representation: The intimation was signed by Meghal Abhishek Shah, Company Secretary of IIFL Capital Services Limited (Formerly IIFL Securities Limited), on July 23, 2026.

Stock Exchange Details: BSE Scrip Code: 542773, NSE Symbol: IIFLCAPS