Geojit Financial Services has submitted applications to the National Stock Exchange of India Limited and BSE Limited on July 27, 2026, seeking no-objection certificates for the reclassification of ten promoter group members as public shareholders. The move, approved by the Board of Directors on July 22, 2026, aims to simplify the shareholding structure without altering control dynamics. The applicants hold an aggregate of 2,08,173 shares, representing 0.0745% of the total paid-up equity capital as on June 30, 2026.

The reclassification is sought under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The applicants have confirmed they are financially and operationally independent of Promoter C. J. George and have no direct or indirect business association with him. This procedural step ensures compliance with listing norms while maintaining the existing management structure. The continuing promoters collectively retain a 38.41% stake, ensuring that the reclassification will not result in any change in the control and management of the company.

Shareholding Details of Outgoing Members

The following table details the shareholding of the members seeking reclassification from the 'Promoter Group' to the 'Public' category:

The applications were signed by Liju K Johnson, Company Secretary, and dispatched to the Listing Departments of both exchanges on July 28, 2026. The process requires final approval from the Stock Exchanges to effectuate the change in categorization.

Regulatory Compliance and Control Structure

The reclassification adheres to the conditions laid out in the SEBI Listing Regulations, which mandate that outgoing promoters must not be connected persons or entities associated with the continuing promoters. By confirming their independence, the applicants satisfy the regulatory criteria for being treated as public shareholders. This adjustment is primarily administrative, aimed at aligning the shareholding pattern with the actual operational independence of these individuals.

With the continuing promoters holding a significant majority stake of 38.41%, the company’s strategic direction and management control remain unaffected. The Board’s approval on July 22, 2026, marked the internal clearance for this transition, and the subsequent filing with the exchanges represents the final regulatory hurdle. Investors are advised that this change does not impact the economic interests or voting rights associated with the shares held by the outgoing members, other than their classification in the shareholding pattern.

M/s. B S R & Associates LLP resigned as the statutory auditor of Geojit Investments Limited, a material subsidiary of Geojit Financial Services Limited , effective from the close of business hours on July 21, 2026. The resignation is intended to align the statutory auditors of the subsidiary with those of its parent company, Geojit Financial Services Limited, due to the mandatory rotation of the auditor at the parent level. The current term of M/s. B S R & Associates LLP as statutory auditors of Geojit Financial Services Limited is scheduled to conclude at the Annual General Meeting on July 24, 2026.

The Board of Directors of Geojit Investments Limited, at its meeting held on July 21, 2026, approved the appointment of M/s. Price Waterhouse Chartered Accountants LLP to fill the casual vacancy caused by the resignation. This appointment is subject to the approval of the shareholders of Geojit Investments Limited under the applicable provisions of the Companies Act, 2013.

Auditor Transition Details

The outgoing auditor, M/s. B S R & Associates LLP, was appointed on July 14, 2025, and its term was originally scheduled to expire on March 31, 2030. The firm completed the statutory audit for the year ended March 31, 2026, and issued the audit report on April 29, 2026. The firm was also in the process of carrying out the limited review for the quarter ended June 30, 2026, for the consolidated financial results of the parent company.

The resignation was intimated to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The outgoing auditor confirmed that there were no material reasons for resignation other than the alignment with the parent company's audit firm and that there were no concerns or limitations reported prior to the resignation.