Please find enclosed intimation under Regulation 30 of SEBI Listing Regulations informing that Mr. Gagan Kothari shall cease to be a Senior Management Person of the Company, consequent ....
JMFINANCIL · price
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JM Financial Limited has disclosed that Mr. Gagan Kothari, who served as Executive Director and Chief Operating Officer of the Integrated Investment Bank, will cease to be a Senior Management Person (SMP) of the Company effective May 1, 2026. The cessation is due to an internal transfer to JM Financial Services Limited (JMFSL), which is a wholly owned subsidiary of JM Financial Ltd. This is an organizational reshuffling within the JM Financial group rather than a departure from the company. No new appointment or resignation from the group is indicated in this filing.
This represents a routine internal reorganization of senior leadership across the JM Financial group. Mr. Kothari remains employed within the group at its subsidiary, so this is unlikely to have any significant negative impact on shareholders. The market may view this as a normal reshuffling unless the role remains unfilled or responsibilities are affected.