Announced Wed, 13 May · 19:50 IST

Please find the attached herewith Appointment of Additional Directors of the Company.

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-1.7%1-day move
₹305.00
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AI summary

The board of Pune E-Stock Broking Limited has approved the appointment of two additional directors. Mr. Ronak Subhash Jhaveri (DIN: 09326566) has been appointed as an Additional Director designated as Executive Director (Whole-time Director) for five years starting May 13, 2026, subject to shareholder approval. Mr. Ronak Jhaveri is a finance professional with over 15 years of experience in merchant banking, capital markets, and SME IPOs. Additionally, Mr. Hemant Maniar has been appointed as an Additional Independent Director for five years, also subject to shareholder approval and DIN allocation. Mr. Hemant Maniar is an entrepreneur with four decades of business experience primarily in the non-ferrous metals industry. Both appointments were recommended by the Nomination and Remuneration Committee.

Likely market impact

The appointments strengthen the board with experienced professionals in finance and business leadership. No immediate shareholder impact; the changes are subject to member approval at the next general meeting.