5paisa Capital Limited has officially completed the postal ballot process for appointing Mr. Zor Gorelov as Non-Executive Independent Director, with the company submitting the scrutinizer's report to stock exchanges on December 16, 2025. The special resolution received unanimous shareholder support through the e-voting process conducted by Central Depository Services (India) Limited (CDSL).

Official Completion and Regulatory Filing

The company formally notified BSE and NSE about the successful completion of the postal ballot process under Regulation 44 of SEBI Listing Regulations. The scrutinizer's report was submitted by Company Secretary Charvi Panchmatia, confirming compliance with all regulatory requirements.

Postal Ballot Results

The voting results, certified by scrutinizer M/s. Shah Patel Associates, demonstrate complete shareholder consensus for the appointment:

Scrutinizer Certification Process

Mr. Swapneel Vinod Patel from M/s. Shah Patel Associates served as the appointed scrutinizer, ensuring fair and transparent conduct of the postal ballot process. The scrutinizer confirmed compliance with Companies Act 2013 provisions and SEBI regulations.

Director Appointment Details

Professional Background and Committee Roles

Mr. Gorelov brings over 25 years of technology industry experience, currently serving as Senior Advisor at Klaros focusing on AI strategy in banking and fintech. He previously founded Kasisto, a leading AI-powered digital assistant provider for banking, and co-founded SpeechCycle, which was acquired by Synchronoss Technologies.

Upon appointment, Mr. Gorelov will serve as a member of the Independent Directors Committee and Information Technology Committee, strengthening the company's technological governance framework. The voting results and scrutinizer's report are available on the company's website and CDSL's e-voting platform for shareholder reference.

5Paisa Capital Ltd has seen a significant reduction in shareholding by WF Asian Reconnaissance Fund Limited and its concert party Asian Smaller Companies Fund Limited, according to a recent disclosure. The funds reported an 88% decline in their stake through secondary market sales on November 20, 2025.

Stake Reduction Details

The substantial decrease in shareholding marks a notable shift in the ownership structure of 5Paisa Capital. The funds' decision to reduce their position from a previously reported 7.88% holding has been disclosed in compliance with the Securities and Exchange Board of India (SEBI) substantial acquisition regulations.

This move by the two funds could potentially impact the stock's trading dynamics and may draw attention from other investors and market analysts. The specific reasons behind this significant reduction in stake have not been disclosed in the available information.

Investors and market participants may want to monitor 5Paisa Capital's stock performance and any subsequent disclosures that might provide more context to this substantial change in ownership.