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 announced a change in its board of directors, with the appointment of Mr. Vishnuraj P IAS as a Nominee Director representing Kerala State Industrial Development Corporation Limited (KSIDC). The appointment, effective September 24, 2025, comes as Mr. Vishnuraj P replaces Mr. Mir Mohammed Ali IAS on the company's board.

New Appointment Details

Mr. Vishnuraj P, a 2019 batch Indian Administrative Service (IAS) officer of the Kerala cadre, brings a wealth of experience to his new role. He currently serves as the Managing Director of KSIDC and holds the position of Director in the Department of Industries & Commerce. His appointment follows KSIDC's nomination through a letter dated September 23, 2025.

Professional Background

The newly appointed director boasts an impressive educational background, holding:

• B.Tech in Electronics & Communication Engineering from NIT Calicut
• M.P.M. from JNU, New Delhi
• LL.M. from NLU, Delhi

Mr. Vishnuraj P's career in public service began as an Indian Forest Service officer in 2018 before joining the IAS.

Administrative Experience

Throughout his career, Mr. Vishnuraj P has held various significant administrative positions, including:

• Assistant Collector, Malappuram
• Sub Collector, Ernakulam
• Deputy Secretary, Public Works Department (PWD)
• Director, PIEMD
• Director, Sports & Youth Affairs

These roles have provided him with diverse administrative experience across industries, tourism, sports, plantations, and infrastructure development in Kerala.

Board Independence

Geojit Financial Services Limited has confirmed that Mr. Vishnuraj P is not related to any directors, key managerial personnel, or promoters of the company. This appointment aligns with regulatory requirements and corporate governance practices.

Regulatory Compliance

The company has made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment has been duly reported to both the BSE Limited and the National Stock Exchange of India Limited.

Geojit Financial Services Limited continues to strengthen its board with experienced professionals, ensuring robust corporate governance and strategic guidance for the company's future endeavors.