Geojit Financial Services Limited has seen a significant reduction in shareholding by one of its prominent promoters, BNP Paribas S.A. The French banking giant sold 5,789,000 equity shares of Geojit Financial Services on the National Stock Exchange of India Limited through a series of open market transactions from June 4th to July 29th, 2025.

Stake Reduction Details

The sale has resulted in a notable decrease in BNP Paribas' ownership stake in Geojit Financial Services:

This transaction represents a reduction of 2.07% in BNP Paribas' voting rights in the company.

Company Share Capital

Geojit Financial Services Limited's equity share capital stands at INR 279,025,452, consisting of 279,025,452 equity shares with a face value of INR 1 each.

Regulatory Compliance

The disclosure of this transaction was made in compliance with the Securities and Exchange Board of India (SEBI) regulations governing substantial acquisition of shares and takeovers. BNP Paribas, as a promoter of Geojit Financial Services, filed the necessary disclosures under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

Additional Information

The LODR (Listing Obligations and Disclosure Requirements) data reveals that BNP Paribas S.A. is acting in concert with BNP Paribas India Holding Private Limited for this transaction. The sale was executed through open market transactions on the National Stock Exchange of India Limited.

It's worth noting that Geojit Financial Services has 1,304,167 outstanding convertible securities for its Employee Stock Option Plan (ESOP) as of June 30th, 2025. When considering these potential conversions, BNP Paribas' stake on a fully diluted basis stands at 22.25%.

This move by BNP Paribas to reduce its stake in Geojit Financial Services could potentially impact the company's ownership structure and may be of interest to investors and market analysts tracking the financial services sector in India.

Geojit Financial Services , a leading investment services company, has announced its financial results for the first quarter, revealing a significant decline in both revenue and profit compared to the same period last year.

Financial Performance

The consolidated net profit for Q1 stood at ₹28.67 crore, marking a 37% decrease from ₹45.81 crore reported in the same quarter of the previous year. The company's revenue also saw a substantial decline, dropping 15% year-over-year from ₹181.18 crore to ₹153.30 crore.

Key Financial Metrics

The company's Profit Before Tax (PBT) decreased by 39% year-over-year, from ₹59.74 crore to ₹36.64 crore.

Quarterly Comparison

Compared to the previous quarter, Geojit Financial Services' performance also showed a decline:

• Revenue decreased by 14% from ₹177.48 crore to ₹153.30 crore.
• PBT fell by 8% from ₹39.90 crore to ₹36.64 crore.
• PAT declined by 11% from ₹32.21 crore to ₹28.67 crore.

Company Overview

As of June 30, Geojit Financial Services reported customer assets of ₹1,11,230 crore and a client base of 15.51 lakh. The company maintains a network of over 500 offices across India and the Gulf Cooperation Council (GCC) countries.

Corporate Actions

In a separate announcement, the Board of Directors approved the allotment of 96,667 equity shares of face value ₹1 each to employees under the Employees Stock Option Scheme 2017.

Additionally, Mr. Satish Ramakrishnan Menon, an Executive Director of Geojit Financial Services, has been appointed as the Managing Director of Geojit Investments Limited, a wholly-owned subsidiary of the company.

Investors and analysts will be closely watching Geojit Financial Services' performance in the coming quarters to see if the company can reverse the current downtrend in its financial metrics.