5Paisa Capital appoints Mehul Somaiya as Company Secretary
5Paisa Capital Limited appointed Mehul Somaiya as Company Secretary and Compliance Officer effective July 16, 2026, following Board approval. Somaiya brings over 13 years of experience from roles at SBM Bank (India) Limited and IIFL Finance Limited.
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5Paisa Capital Limited has appointed Mehul Somaiya as its Company Secretary and Compliance Officer, effective July 16, 2026. The Board of Directors approved the appointment based on the recommendation of the Nomination and Remuneration Committee. Somaiya joins the firm with over 13 years of experience in corporate secretarial, governance, regulatory, and capital market compliance functions across listed entities, NBFCs, and banking institutions.
Prior to joining 5Paisa Capital , Somaiya served as Vice President and Designated Company Secretary of SBM Bank (India) Limited. His previous roles include positions at IIFL Finance Limited, Tata Capital Group, L&T Financial Services Group, Essel Group, and Peninsula Land Limited.
The appointment was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The requisite disclosures regarding the appointment have been submitted to the stock exchanges and are available on the company's website.
Key Appointment Details
| Particulars | Details |
|---|---|
| Designation | Company Secretary and Compliance Officer (Key Managerial Personnel) |
| Date of Appointment | July 16, 2026 |
| Term of Appointment | Full-time employment |
| Previous Role | Vice President and Designated Company Secretary, SBM Bank (India) Limited |
Historical Stock Returns for 5Paisa Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.72% | -6.03% | +8.73% | +3.00% | -7.87% | -30.61% |
How will Somaiya's extensive background in banking and NBFCs influence 5Paisa Capital's regulatory compliance strategy?
What strategic shifts or governance improvements can investors expect following this key managerial appointment?
How might this leadership change impact 5Paisa Capital's relationship with SEBI and other regulatory bodies?
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