Appointment of Ms. Vaishali Kalpesh Shah (DIN:11414073) as Additional Director (Executive and non-independent) and CFO of the Company w.e.f 11.12.2025
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Market Creators Ltd has appointed Ms. Vaishali Kalpesh Shah (DIN: 11414073) as Additional Director (Executive, Non-Independent) and Chief Financial Officer of the company, effective December 11, 2025. The appointment was made by the Board on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval via postal ballot. Ms. Shah is a Chemical Engineer with over 25 years of experience at Market Creators, where she has been instrumental in building the firm's Mutual Fund distribution business. She is the wife of existing Director Mr. Kalpesh Shah and daughter-in-law of Ms. Neela J. Shah, indicating a promoter family member joining the board and finance leadership.
This is a promoter-family appointment to both the board and the CFO role, which may raise governance concerns for some investors but could also be seen as a long-term continuity move given her 25+ year internal track record. Shareholders will get to vote on her regularization via postal ballot.