5paisa Capital Limited has accepted the resignation of Sudhendoo Ganddhi from his role as Chief Compliance Officer, effective June 16, 2026. The departure follows Ganddhi’s decision to pursue career opportunities outside the organization. In a filing dated July 24, 2026, the company confirmed that there are no material reasons for the resignation other than those stated in his resignation letter.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, read with Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. This filing serves as an update to an earlier intimation sent on June 17, 2026, providing the formal resignation letter and final confirmation of the cessation date.

Ganddhi submitted his resignation on June 15, 2026, addressing the Board of Directors at the company’s registered office in Thane. He stated that he would cease his duties at the close of business hours on June 16, 2026. In his letter, Ganddhi expressed gratitude to the Board for their support during his tenure and committed to ensuring a smooth transition of his responsibilities.

Key Details of Resignation

The company’s Whole-time Director and Chief Financial Officer, Gourav Munjal, signed the disclosure letter submitted to both BSE Limited and The National Stock Exchange of India Limited. The filing ensures regulatory compliance regarding changes in key managerial personnel responsible for statutory compliance functions.

What the Numbers Show

While this event involves personnel changes rather than financial metrics, the timely disclosure under Regulation 30 highlights the company’s adherence to governance protocols. The absence of any cited material disputes or irregularities in the resignation process suggests a routine administrative transition within the compliance framework.

5paisa Capital reported a consolidated income of ₹883.8 crore for the quarter ended June 30, 2026, reflecting a 3% increase quarter-on-quarter and a 14% rise year-on-year. Profit after tax for the period stood at ₹115.7 crore, growing 8% from the preceding quarter and 1% from the same period last year. The company’s total expenses increased by 17% year-on-year to ₹72.9 crore, impacting margins despite the revenue growth. Gaurav Seth, Managing Director & CEO, attributed the performance to disciplined execution and strategic investments in technology and product depth.

Financial Performance

The company’s EBITDA for Q1FY27 was ₹177 crore, up 6% quarter-on-quarter. Key operational metrics showed mixed trends, with total client acquisition reaching 0.74 lakh, a 28% decline quarter-on-quarter. However, the average daily turnover (ADTO) was ₹3.04 trillion, and total orders for the quarter stood at 25.1 million. The following table summarises the financial results:

Business Highlights

5paisa Capital onboarded 0.74 lakh new clients during the quarter, taking the total number of registered customers to 52.6 lakh. The company’s mobile app recorded over 23.8 million installs with a 4.3-star rating on the Play Store. In April 2026, the company raised ₹468.8 crore through a rights issue, issuing 1,56,27,419 fully paid-up equity shares of face value ₹10 each. The company also noted that ₹67.9 million from employee benefit expenses and ₹4.3 million from other expenses were capitalised towards internally generated software and intangible assets under IND AS 38.

Strategic Initiatives

Management stated that the ₹468 crore raised via rights issue was deployed across three key areas: ₹227 crore for exchange margins following regulatory changes, ₹150 crore for loan repayment, and ₹88 crore for general corporate purposes including product, technology, and marketing. The company is focusing on quality customer acquisition to improve revenue per customer (RPC) and lifetime value (LTV). It is also expanding its funding products, increasing the T+5 offering to 2,500 scrips and extending Margin Trading Facility (MTF) to 1,500 scrips with limits up to ₹25 crore.