5Paisa Capital Limited, a leading fintech company, has announced its unaudited financial results for the first quarter of the fiscal year 2021, ending June 30, 2020. The company's Board of Directors approved the standalone and consolidated financial statements during a meeting held on July 13, 2020.

Financial Results Approval

The board meeting, which commenced at 12:00 PM and concluded at 3:55 PM, saw the approval of the company's quarterly financial performance. These results have undergone a limited review by the statutory auditors, ensuring compliance with regulatory standards.

Rights Issue Proceeds Utilization

In a significant development, 5Paisa Capital reported that the proceeds from its rights issue, which was raised during the Financial Year 2019-20, have been fully utilized as of the quarter ended June 30, 2020. This complete utilization of funds demonstrates the company's efficient capital allocation and execution of its growth strategies.

Transparency and Disclosure

Adhering to the principles of corporate governance and transparency, 5Paisa Capital has made the financial results available to stakeholders. The company has uploaded the detailed financial statements on the websites of the stock exchanges where it is listed, as well as on its official website. This move allows investors and analysts to access and review the company's performance comprehensively.

Conclusion

While specific financial figures for the quarter ended June 30, 2020, were not provided in the announcement, 5Paisa Capital's proactive approach in utilizing its rights issue proceeds and promptly reporting its results indicates a focus on growth and shareholder communication. As the fintech sector continues to evolve rapidly, 5Paisa Capital's financial results and strategic initiatives will be closely watched by industry participants and stakeholders alike.

5Paisa Capital Limited, a prominent player in the Indian financial services sector, has announced the appointment of Mr. Ravindra Kalvankar as its interim Compliance Officer. The appointment, which takes effect from July 23, 2025, was approved by the company's Board of Directors through a circular resolution, following a recommendation from the Nomination and Remuneration Committee.

Appointment Details

Mr. Kalvankar's appointment is in accordance with Regulation 18A of SEBI (Stockbroker) Regulation, 1992. The company made this announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Background

Mr. Ravindra Kalvankar brings a wealth of experience and qualifications to his new role:

• Education: Bachelor's degree in Commerce from Mumbai University
• Professional Qualifications: Qualified Law Graduate and Company Secretary
• Industry Certification: NISM-Series-III A: Securities Intermediaries Compliance (Non-Fund) Certification

Experience and Expertise

With over 12 years of experience in the broking industry, Mr. Kalvankar is well-equipped to handle the responsibilities of his new position. His career highlights include:

• More than a year of association with 5paisa Capital, contributing significantly to the firm's compliance and regulatory framework
• Prior experience working with stock exchanges and various brokerage firms
• Strong proficiency in regulatory compliance
• Expertise in managing and overseeing various types of inspections and audits
• Comprehensive experience in engaging and liaising with principal regulatory authorities, including SEBI, stock exchanges, and depositories

Company Statement

Gourav Munjal, Whole Time Director and Chief Financial Officer of 5paisa Capital Limited, signed the official communication to the stock exchanges. The company has made the detailed disclosure available on its website at www.5paisa.com .

This strategic appointment underscores 5paisa Capital's commitment to maintaining robust compliance standards in its operations. Mr. Kalvankar's extensive experience in the broking industry and his strong background in regulatory compliance are expected to be valuable assets as he takes on this crucial role in the company's leadership team.