Geojit Financial Services Limited has witnessed a major reduction in shareholding by its promoter BNP Paribas S.A. The French banking giant sold 41,613,631 equity shares through open market transactions on the National Stock Exchange of India Limited from July 30, 2025 to December 15, 2025.

Significant Stake Reduction

The latest transaction represents a substantial decrease in BNP Paribas' ownership in Geojit Financial Services:

This transaction marks a dramatic reduction of 14.91% in BNP Paribas' voting rights in the company, bringing its stake down to single digits.

Company Share Capital Structure

Geojit Financial Services Limited's current equity share capital stands at ₹279.12 crores, consisting of 279,122,119 equity shares with a face value of ₹1 each. The company has 9,862,700 outstanding convertible securities for its Employee Stock Option Plan as of September 30, 2025.

Transaction Details

Regulatory Compliance

The disclosure was made under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. BNP Paribas S.A. continues to act in concert with BNP Paribas India Holding Private Limited for this transaction.

This significant divestment by BNP Paribas represents one of the largest stake reductions by a promoter in recent times, potentially reshaping the ownership structure of Geojit Financial Services and attracting attention from investors monitoring the financial services sector.

Geojit Financial Services Limited has successfully completed its postal ballot process, with shareholders overwhelmingly approving the appointment of Mr. P. Vishnuraj IAS as Nominee Director. The resolution was passed on December 14, 2025, with the results announced on December 16, 2025, as per the company's regulatory filing under SEBI Listing Regulations.

Postal Ballot Results

The postal ballot process witnessed strong shareholder participation, with the resolution receiving exceptional support from the voting members. The company had issued the postal ballot notice on October 20, 2025, with November 7, 2025, as the cut-off date for eligible shareholders.

Comprehensive Voting Outcome

The resolution for appointing Mr. P. Vishnuraj IAS (DIN: 10701056) as Nominee Director received overwhelming approval from shareholders across all categories, with detailed breakdowns showing strong institutional and retail support.

About the Appointee

Mr. Vishnuraj P, a 2019 batch Indian Administrative Service (IAS) officer of the Kerala cadre, brings extensive experience to his new role. He currently serves as the Managing Director of Kerala State Industrial Development Corporation Limited (KSIDC) and holds the position of Director in the Department of Industries & Commerce.

Professional Credentials

The newly appointed director possesses strong educational qualifications including B.Tech in Electronics & Communication Engineering from NIT Calicut, M.P.M. from JNU New Delhi, and LL.M. from NLU Delhi. Mr. Vishnuraj P's career began as an Indian Forest Service officer in 2018 before joining the IAS, and he has held various significant administrative positions including Assistant Collector Malappuram, Sub Collector Ernakulam, and Director roles in PIEMD and Sports & Youth Affairs.

Regulatory Compliance

The postal ballot was conducted under the supervision of Mr. N. Satheesh Kumar, Partner at Satheesh Remesh, Practicing Company Secretaries, who served as the scrutinizer. The votes were unblocked on December 15, 2025, in the presence of two independent witnesses. The company has fulfilled all requirements under Section 110 of the Companies Act, 2013, and SEBI Listing Regulations for the postal ballot process, with the results communicated to both NSE and BSE.