Announced Wed, 8 Apr · 18:03 IST

The Board of Directors in its meeting held on Wednesday, 08.04.2026 has approved the following: 1. Change in the designation of Mr. Kabeer Chaudhary (03142141) as an Executive Director ....

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Price reaction · full curve 14 horizons · vs prior close
+4.5%1-day move
₹15.91
prior close
₹16.73
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After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-5.4-7.1-6.5-6.0+4.5+4.0+2.8+0.3-6.5-5.5-10.7-4.9+12.7-23.4
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AI summary

The Board of F Mec International Financial Services Limited approved a change in designation of Mr. Kabeer Chaudhary (DIN: 03142141) to Executive Director, effective April 8, 2026. The decision was made based on the recommendation of the Nomination and Remuneration Committee in the first Board Meeting for FY 2026-27. Mr. Chaudhary holds a graduate degree from Hansraj College, Delhi University and an MBA from IIM-Kolkata. He is described as an experienced founder in the Financial Service Industry with expertise in deal sourcing, management, strategic leadership, and business development. The company confirmed he is not related to any existing Directors or KMPs and has not been debarred from holding a director position by SEBI or any other authority.

Likely market impact

The elevation of Kabeer Chaudhary to Executive Director signals strengthened executive leadership and could be viewed positively by investors, as it brings a professional with MBA credentials and industry experience into a substantive board role.