Please find attached disclosure for appointment and resignation of Managing Director wef 07th August, 2025
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Anupam Finserv has announced changes at the top: Mrs. Nirmala Gala has stepped down as Managing Director effective August 7, 2025, citing increased personal and professional commitments, but will continue as Executive Director on the board. In her place, Mr. Siddharth Gala, who was already serving as Executive Director and CEO, has been elevated to the role of Managing Director and CEO for a five-year term, subject to shareholder approval at the upcoming AGM. Mr. Siddharth holds a Bachelor's in Computer Engineering and a Master's in Financial Engineering, with over 5 years of experience in data analytics, risk management, and strategic planning. Notably, Mr. Siddharth is the son of Mr. Pravin Gala (Whole-Time Director and CFO) and Mrs. Nirmala Gala, indicating a promoter-family succession. His remuneration as CEO remains Rs. 24 lakh per annum with no extra pay for the MD designation.
This is an internal succession rather than a disruptive change — the family-owned business is transitioning MD responsibilities from mother to son while retaining continuity on the board. Shareholders should note this is a promoter-family consolidation of leadership, with no change in overall management direction; near-term stock impact is expected to be limited.