Please find attached disclosure for appointment and resignation of Managing Director wef 07th August, 2025

Kmp ResignedPromoter Family Board EntryManagement Changes View source PDF Explain this filing

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+4.3% vs market

Non Banking Financial Company (NBFC) peers, median of 195sector+0.2%+3.8% vs sector

On the reaction day the stock moved 4.3 pts more than Nifty Microcap 250 and 3.8 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 195Pending

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AI summary

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.

Likely market impact

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.