[Edelweiss Financial Services Ltd](edelweiss financial services) has transferred the remaining 5% of the paid-up equity share capital in its subsidiaries, Edelweiss Asset Management Limited (EAML) and Edelweiss Trusteeship Company Limited (ETCL), to WestBridge Capital affiliates. The transaction was completed on June 29, 2026, following the fulfilment of obligations and conditions outlined in the agreements. The company received consideration commensurate with the stake transferred, as per the initial intimation.

The transfer was executed by the company and its wholly owned subsidiary, Edelweiss Securities & Investments Private Limited. The buyers included Setu AIF Trust, Konark Trust, and MMPL Trust. This latest transfer concludes the proposed divestment of 15% in EAML and ETCL, with the first tranche of 10% having been transferred earlier in December 2025.

Transaction Details

The intimation regarding the transfer was submitted to BSE Limited and National Stock Exchange of India Limited in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Tarun Khurana, Company Secretary.

Edelweiss Financial Services Limited has appointed Mr. Rajiv Jalota as an Independent Director for a term of five years commencing from April 30, 2026. The appointment was approved by shareholders through a postal ballot process, with the resolution securing 99.977% of the votes cast. The decision strengthens the company's board governance structure for the period ahead.

The postal ballot notice was sent to shareholders on May 15, 2026, with the remote e-voting platform open from May 16, 2026, to June 14, 2026. The voting process was managed by National Securities Depository Limited as the Electronic Service Provider. A total of 497,220,229 votes were polled, representing 52.5308% of the total outstanding shares.

The Scrutinizer's Report confirmed that the special resolution was passed with the requisite majority. Promoters and the Promoter Group cast 305,383,981 votes, all in favour of the resolution. Public Institutions and Public Non-Institutions also supported the appointment, with 141,893,579 and 49,830,438 votes in favour respectively.

The detailed voting results indicate broad-based support across shareholder categories. Only 112,231 votes were cast against the resolution, constituting 0.0226% of the total votes polled. The results have been published on the company's website and the stock exchanges.

Voting Results Summary

The appointment of Mr. Rajiv Jalota (DIN: 00152021) is effective from April 30, 2026, and concludes the postal ballot proceedings initiated by the board. The statutory records relating to the e-voting process will be maintained by the scrutinizer until the minutes are approved.