Announced Tue, 19 Aug · 12:26 IST

Please find attached details of appointment of additional director (Independent) together with relevant disclosures

Management Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

On August 19, 2025, the Board of Global Capital Markets Ltd appointed Ms. Akshaya Suved Chavan (DIN: 09421579) as an Additional Director designated as Independent Director, subject to shareholder approval at the next AGM. She holds a B.Com from the University of Mumbai and has over 8 years of experience in accounts. She holds directorships in Silver Pearl Hospitality & Luxury Spaces Ltd and three GCM-group companies (GCM Capital Advisors, GCM Securities, GCM Commodity & Derivatives), and will receive sitting fees of up to ₹5,000 per meeting. The Board meeting ran from 11:45 AM to 12:15 PM, signed off by Chairman I.C. Baid.

Likely market impact

This is a routine board-level governance update and not expected to materially impact the stock price. The appointment strengthens the independent director presence on the board pending member ratification at the upcoming AGM.