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

Promoter Family Board EntryManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+4.5%Reaction day

₹14.33

prior close

₹15.04

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+4.0% vs market

Other Financial Services peers, median of 78sector-0.6%+5.1% vs sector

On the reaction day the stock moved 4.0 pts more than Nifty Microcap 250 and 5.1 pts more than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 78Pending

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AI summary

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.

Likely market impact

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.