5Paisa Capital Limited Announces Resignation of Narayan Gangadhar as Managing Director, Member of the Risk Management Committee, Stakeholder Relationship Committee, Corporate Social Responsibility Committee, Finance Committee, Environmental, Social and Governance Committee, Information Technology (It) Committee and Cyber Security Committee, Effective August 28, 2024
May 30, 2024 at 12:39 pm
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5paisa Capital Limited announced that order to pursue additional responsibilities as a Strategic Advisor to the IIFL group in their new initiatives towards Artificial Intelligence and Digital Transformation, Mr. Narayan Gangadhar (DIN: 09298665), vide his letter dated May 30, 2024 has resigned from the post of Managing Director and Chief Executive Officer (CEO) of the Company with effect from the close of business hours of August 28, 2024 and the said resignation has been accepted by the Board vide Circular Resolution dated May 30, 2024. Consequently, he shall also cease to be Member of the Risk Management Committee, Stakeholder Relationship Committee, Corporate Social Responsibility (CSR) Committee, Finance Committee, Environmental, Social and Governance (ESG) Committee, Information Technology (IT) Committee and Cyber Security Committee of the Company. The Board of Directors of the Company noted his communication and appreciates the services rendered by him during his tenure.
5paisa Capital Limited is an India-based technology-driven financial service company having mainly an online presence. The Company's business is to provide broking services to its clients in the capital markets in India and all other activities are ancillary to the main business. The Company provides financial products through online platforms and mobile applications. Its customer base mainly comprises retail investors, traders who deal in the securities market and seek do-it-yourself (DIY) services. Its product offering includes broking, mutual funds, wealth management, research products, insurance, Algo Trading, commodities, learning platform (Finschool) and community (Stocky5). Through its Internet terminals and mobile applications, the Company provides its clients with access to its online technology platform for trading in securities and commodities on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE) and Multi Commodity Exchange of India Limited (MCX).
5Paisa Capital Limited Announces Resignation of Narayan Gangadhar as Managing Director, Member of the Risk Management Committee, Stakeholder Relationship Committee, Corporate Social Responsibility Committee, Finance Committee, Environmental, Social and Governance Committee, Information Technology (It) Committee and Cyber Security Committee, Effective August 28, 2024
5PAISA CAPITAL LIMITED 
