Appointment of Ms. Mitali Chitnis as Director & Group Chief HR Officer (CHRO)* and also designated her as Senior Management Personnel of the Company with effect from January 05, 2026.
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Systematix Corporate Services Limited has appointed Ms. Mitali Chitnis as Director & Group Chief HR Officer (CHRO), also designating her as Senior Management Personnel, effective January 5, 2026. The appointment was approved through a circular resolution based on the recommendation of the Nomination and Remuneration Committee. Ms. Chitnis brings over 19 years of HR experience across talent management, talent acquisition, employee engagement, organizational development, total rewards, and HR compliance. She has previously held leadership roles at Funds India, Fisdom, Motilal Oswal Financial Services, Mirae Asset Investment Managers, ASK Group, Reliance Capital, and Mahindra & Mahindra. Notably, the filing clarifies that despite the 'Director' title, she is not forming part of the Board of Directors of the Company, and no relationship with existing directors has been disclosed.
This is a senior leadership hire to strengthen the company's HR function and is unlikely to have an immediate material impact on the stock price or shareholder value. The clarification that she is not a board member is unusual and investors may want clarity on her executive authority going forward.