Enclosed is an intimation regarding re-appointment of Mr. Manish Banthia as Whole Time Director & CFO and Mr. Giriraj Damani as Managing Director
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The board of First Custodian Fund India Ltd, at its meeting on 29th May 2025, approved the re-appointment of Mr. Manish Banthia as Whole Time Director & Chief Financial Officer for 3 years effective 1st September 2025, and Mr. Giriraj Damani as Managing Director for 3 years effective 13th July 2025. Mr. Banthia belongs to the promoter group and is the nephew of Non-Executive Director Mr. Surendra Banthia, while Mr. Damani is not related to any director. The company confirmed that neither appointee is debarred from holding a director's position under any SEBI order. Both have long-standing experience in stock market trading activities.
This is a routine continuity announcement with no change in leadership, so it is largely neutral for shareholders and unlikely to move the stock price. Investors may note that the promoter group retains a key executive position through Mr. Manish Banthia's re-appointment as CFO.