modification in term of appointment of Managing Director
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Munoth Capital Markets Ltd's Board, at its meeting on 8th September 2025, modified the terms of appointment of its existing Managing Director, Mr. Siddharth Shantilal Jain (DIN: 00370650). With effect from 8th September 2025, he will be liable to retire by rotation for the remainder of his current tenure, in line with the Companies Act, 2013 and the company's Articles of Association. The Board also approved the Directors' Report for FY 2024-25 and scheduled the 39th Annual General Meeting for 30th September 2025 at 10:30 A.M. at the registered office in Ahmedabad. No change in the person holding the MD position — only a tweak to the retirement provisions.
This is a routine governance update and not a leadership change. Mr. Jain continues as Managing Director; he will now be subject to the standard retire-by-rotation rule applicable to directors. No material impact expected on shareholders or the stock price.