Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors in their meeting held today i.e. ....
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The Board of Directors of Corporate Merchant Bankers Ltd met on 6th September 2025 and approved three key items. First, Mr. Vishal Jethalal Nayak has been appointed as the Chief Financial Officer of the company with effect from the same date. Notably, Mr. Nayak is already the Managing Director of the company (DIN 11048209) and has signed the filing, meaning he is now holding both MD and CFO positions. Second, the Board approved the Director's Report for FY 2024-25 along with its annexures. Third, the 31st Annual General Meeting has been scheduled for Monday, 29th September 2025 at 2:00 PM, to be held via Video Conferencing / Other Audio-Visual Means. The CFO appointee has over 5 years of experience in marketing and some experience in finance.
For shareholders, this is largely a routine governance update. However, the dual role of Managing Director and CFO held by the same person (Mr. Vishal Jethalal Nayak) could raise corporate governance concerns, as combining these positions typically weakens financial oversight and internal checks. The AGM on 29th September will be the next key event for shareholders.