Announced Fri, 15 May · 19:05 IST

Retirement of Mr. Bhalchandra Madhav Raul as Company Secretary and Compliance Officer of the Company

Kmp ResignedManagement Changes View source PDF

EMKAY · price

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Price reaction · full curve 14 horizons · vs prior close
+12.1%1-day move
₹194.50
prior close
₹200.81
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+4.6+5.3+5.3+9.1+12.1+13.7+13.9+14.7+14.9+14.4+44.2+49.2+25.3
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AI summary

Emkay Global Financial Services Ltd announced the retirement of Mr. Bhalchandra Madhav Raul as Company Secretary and Compliance Officer, effective from close of office hours on 15th May, 2026. The retirement was due to Mr. Raul reaching the age of superannuation after a distinguished tenure of almost 10 years with the company. Simultaneously, the board approved the appointment of Mr. Nishant S. Shirke as the new Company Secretary and Compliance Officer, effective 16th May, 2026. Mr. Shirke is a Commerce and Law graduate with over 17 years of experience in Legal, Secretarial and Compliance functions, having previously worked at Mahindra & Mahindra Financial Services Limited, RBL Bank Limited, and Majesco Limited. The board placed on record its appreciation for Mr. Raul's outstanding contributions during his tenure.

Likely market impact

The resignation is a routine change due to superannuation rather than a governance concern. The company has promptly appointed a qualified replacement, ensuring continuity in secretarial and compliance functions. This is unlikely to have any negative impact on the stock.