Summary of Key Information:

Reporting Period (Quarter/Year): Not Specified

Nature of Filing / Announcement: Outcome of Board Meeting - Leadership Appointments and Resignations

Audit Opinion:

Not Specified

Key Financial Highlights:

Not Specified

Corporate Actions:

Not Specified

Director Appointments:

1. Mr. Vishal Tulsyan (DIN: 00139754) appointed as Additional Director in capacity of Whole-time Director, effective on or before January 31, 2027, for a term of five consecutive years, subject to shareholder approval and regulatory approvals. He will continue as Executive Chairman of Alternates business.

2. Mr. Padmanabh Sinha appointed as Managing Director & Chief Executive Officer of Alternates business effective November 11, 2026. Designated as Senior Management Personnel.

3. Mr. Suresh Shukla appointed as Chief Executive Officer of Wealth Management business effective November 04, 2026.

4. Mr. Anupam Guha and Mr. Akash Hariani appointed as MD & CEOs of Private Wealth business effective November 04, 2026. Both designated as Senior Management Personnel.

Director Resignations:

1. Mr. Ajay Menon (DIN: 00024589) resigned as Whole-time Director and Chief Executive Officer of Wealth Management business, effective on or before January 31, 2027. Reason: To explore entrepreneurial venture outside organization.

2. Mr. Ashish Shankar resigned as MD & CEO of Private Wealth business and as Senior Management Personnel, effective on or before January 31, 2027.

Designation Changes:

Mr. Pratik Oswal, Co-Promoter and Director, designated as Chairman of Private Wealth business.

Compliance Disclosures:

  • Mr. Vishal Tulsyan is not related to any other Director of the Company
  • Mr. Tulsyan is not debarred from holding office of Director by virtue of any SEBI order or authority
  • All appointments made on terms & conditions recommended by Nomination and Remuneration Committee and approved by Board

Other Significant Information:

Leadership transitions mark important milestone in company's leadership journey with focus on strengthening leadership pipeline of 150 identified high-potential leaders and succession planning.