5Paisa Capital Limited has informed the Exchange regarding Appointment of Mr Sarat Kumar Malik as Non- Executive Independent Director of the company w.e.f. July 08, 2025.
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5Paisa Capital Limited has appointed Dr. Sarat Kumar Malik as an Additional Non-Executive Independent Director with effect from July 08, 2025. The appointment is for a first term of five consecutive years, subject to shareholder approval at the next general meeting. Dr. Malik holds a Ph.D in Economics from the University of Mumbai and an M.A from JNU, with over 30 years of experience in financial sectors, securities markets, banking, and the Indian economy. He has previously worked with regulatory bodies including SEBI, RBI, IICA, the World Bank, and the IMF, and is currently on a one-year contract with Rashtriya Raksha University under the Ministry of Home Affairs. He is not related to any existing director and is not debarred from holding office by SEBI or any other authority.
This is a routine board strengthening move that brings deep regulatory and financial sector expertise to 5Paisa Capital. It is unlikely to have any material impact on the stock price but enhances the independence and quality of the board.