Appointment of Managing Director and Secretarial Auditors.
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At the 34th AGM held on September 3, 2025, shareholders approved the elevation of Mr. Siddharth Gala (DIN: 08128110) from Executive Director and CEO to Managing Director and CEO for a 5-year term starting August 7, 2025. He holds a Bachelor's in Computer Engineering and a Master's in Financial Engineering, with about 5 years of experience in data analytics and risk management. He will continue to draw Rs. 24 lakh per annum as remuneration with no extra pay for the MD role. Additionally, M/s Kushla Rawat & Associates (CS Kushla Rawat) has been appointed as Secretarial Auditor for 5 consecutive years from FY2025-26 to FY2029-30.
The MD appointment is a routine internal elevation with no extra cost to the company, and the appointment of a new secretarial auditor strengthens governance compliance. Shareholders should note that Mr. Siddharth Gala is the son of promoter-couple Pravin Gala (WTD/CFO) and Nirmala Gala (Executive Director), reflecting next-generation succession at the promoter level.