5Paisa Capital Limited has informed the Exchange regarding Change in Director(s) of the company.
5PAISA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
5Paisa Capital Limited has appointed Dr. Sarat Kumar Malik (DIN: 09791314) as an Additional Non-Executive Independent Director on the Board, effective July 8, 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 across financial sectors, securities markets, banking, and regulatory bodies including SEBI, RBI, IICA, and the World Bank. He has been part of key policy committees at SEBI, RBI, NITI Aayog, and IMF, and currently serves on contract at Rashtriya Raksha University under the Ministry of Home Affairs. He is not related to any existing director and is not debarred from holding directorship by any authority.
This is a routine independent director appointment and signals no immediate change in business direction. Dr. Malik's deep regulatory and financial sector expertise could strengthen the Board's oversight, which is generally viewed positively by shareholders.