Piramal Enterprises Limited has informed the Exchange regarding appointment of Jitendra Bhati as the Chief Compliance Officer of the Company as per the RBI Scale Based Regulations w.e.f. Jun 02, 2025.
Awaiting price reaction for this filing.
Piramal Enterprises Limited has appointed Mr. Jitendra Bhati as the Chief Compliance Officer (CCO) of the company, effective June 2, 2025. The appointment was approved by the Board of Directors through a circular resolution, based on the recommendation of the Nomination and Remuneration Committee. Mr. Bhati has over 16 years of experience in compliance, secretarial, and legal functions, having previously served as CCO at Aditya Birla Finance Limited and as General Counsel, CCO & Company Secretary at IndoStar Capital Finance Limited. He is a fellow member of the Institute of Company Secretaries of India and holds multiple postgraduate qualifications in business management, securities law, and international finance. The appointment is made in compliance with RBI's Master Direction on Scale Based Regulations applicable to NBFCs.
This is a routine senior management appointment with no material impact on shareholders or the stock price. The hiring of an experienced compliance head with prior NBFC experience signals strengthening of regulatory compliance, which is positive for governance standards given RBI's tightening norms for NBFCs.