Geojit Financial Services Limited (GEOJITFSL) has announced its financial results for the second quarter of fiscal year 2026, alongside significant changes in its leadership team.

Financial Performance

For the quarter ended September 30, 2025, Geojit Financial Services reported:

The company's performance shows a decline in both revenue and profitability compared to the same quarter last year.

Half-Year Results

For the six-month period ended September 30, 2025:

Leadership Changes

The company announced the retirement of Mr. A Balakrishnan, Executive Director, effective October 20, 2025. Mr. Balakrishnan has served Geojit for over 27 years and was instrumental in building India's first online stock broking platform at the company. He will continue to be associated with Geojit as an Advisor.

Mr. Jayakrishnan Sasidharan, who joined the company in June 2025, will take over the executive leadership responsibilities from Mr. Balakrishnan. Mr. Sasidharan brings over 20 years of business leadership experience, having worked with companies like Adobe, Wipro Technologies, and Tata Consultancy Services.

Other Developments

• The Board has decided to conduct a postal ballot for the appointment of Mr. Vishnuraj P as Nominee Director of Kerala State Industrial Development Corporation Limited (KSIDC).
• The company granted 200,000 and 8,610,200 options under the ESOS 2024 and ESOS 2025 schemes, respectively, to employees at an exercise price of ₹74.77 per share.

Geojit Financial Services continues to navigate a challenging financial environment, as evidenced by the decline in revenue and profitability. The leadership transition and strategic appointments may play a crucial role in steering the company through these headwinds in the coming quarters.

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.