Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Change in Senior Management Personnel
Awaiting price reaction for this filing.
Piramal Enterprises has appointed Mr. Jitendra Bhati as its Chief Compliance Officer, effective 2nd June 2025, as required under RBI's Scale Based Regulations for NBFCs. The appointment was approved by the Board of Directors via circular resolution, on the recommendation of the Nomination and Remuneration Committee. Mr. Bhati is a full-time employee, not an independent hire for a specific term, and brings over 16 years of experience in compliance, secretarial, and legal functions. He has previously served as Chief Compliance Officer at Aditya Birla Finance and General Counsel/CCO/Company Secretary at IndoStar Capital Finance.
This is a routine key managerial appointment driven by regulatory requirement and is unlikely to materially impact the stock price or shareholder value. It reinforces compliance governance at the NBFC.