GCM Securities appoints Umesh Rajan Swamy as CFO effective June 15

GCM Securities Limited accepted the resignation of Shrenik Choraria as Chief Financial Officer (CFO) due to health issues and appointed Umesh Rajan Swamy to the role effective from the closing hours of June 15, 2026. The leadership change ensures continuity in the company's financial operations following the departure of the previous CFO.

The Board approved the resignation upon the recommendation of the Nomination & Remuneration Committee during a meeting held on June 15, 2026. In a disclosure to BSE Limited, the company confirmed that the resignation was submitted on June 13, 2026, and that there are no other material reasons for the departure aside from the stated health issues. The meeting commenced at 12:45 Hrs and concluded at 13:10 Hrs.

Umesh Rajan Swamy brings extensive experience from the broking and financial sectors, having worked with leading broking houses and NBFCs. A commerce graduate, Swamy has been actively engaged in business activities since 2010, applying financial and operational expertise to entrepreneurial ventures. The company confirmed that he has not been debarred from holding the position of Director or Key Managerial Personnel (KMP) by SEBI or any other authority.

The transition was executed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed the necessary additional disclosures as required under Schedule III - Para A(7B) of the Listing Regulations and relevant SEBI circulars. The appointment fills the vacancy created by Choraria's exit immediately upon the close of business on June 15.

Key Management Personnel Changes

Particulars	Details
Resigning Official	Shrenik Choraria (CFO)
Reason for Resignation	Health issues
Effective Date of Resignation	Closing hours of June 15, 2026
New Appointment	Umesh Rajan Swamy (CFO)
Effective Date of Appointment	June 15, 2026

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+4.76%	-4.35%	-17.50%	-29.79%	-77.47%

GCM Securities Limited narrowed its net loss to ₹122.93 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹268.36 lakh in the previous year. The company's board approved the audited financial results for the quarter and year ended March 31, 2026, during a meeting held on May 29, 2026. The statutory auditors provided an unmodified opinion on the annual financial results.

Financial Performance

The company reported total income from operations of ₹95.52 lakh for FY26, up from ₹39.96 lakh in the previous year. For the quarter ended March 31, 2026, the company recorded a net loss of ₹124.41 lakh, widening from a loss of ₹106.44 lakh in the corresponding quarter of the previous year. Total comprehensive income for the year stood at a loss of ₹460.22 lakh.

Key Metrics

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Net Loss	(122.93)	(268.36)
Total Income from Operations	95.52	39.96
Paid-up Equity Share Capital	1,899.60	1,899.60
Basic EPS	(0.06)	(0.14)

Auditor's Observations

Maheshwari & Co., the statutory auditors, highlighted two matters in their report. Trade payables are subject to confirmation and reconciliation, though management does not expect material adjustments. Additionally, dormant bank accounts with HDFC Bank and IndusInd Bank holding a balance of ₹0.09 lakh are pending confirmation and may require adjustment upon receipt of statements. The auditors affirmed that the financial results present a true and fair view in conformity with Indian Accounting Standards.