Aryaman Capital Markets Limited , a prominent player in the Indian financial services sector, has announced significant changes in its leadership structure along with the results of its 17th Annual General Meeting (AGM).

Leadership Restructuring

The company has made notable changes to the designations of two key directors:

• Mr. Shripal Shah's role has transitioned from Whole-Time Director to Executive Director.
• Mr. Shreyas Shah has been elevated from Executive Director to Whole-Time Director.

These changes, approved by the Board of Directors on August 18, 2025, received shareholder approval at the AGM held on September 15, 2025.

Director Profiles

Both Mr. Shripal Shah and Mr. Shreyas Shah are brothers and belong to the promoter group of Aryaman Capital Markets Limited.

• Mr. Shripal Shah serves as Vice President of the Merchant Banking Division and is a CFA Charter Holder with experience at JP Morgan Chase.
• Mr. Shreyas Shah, a Management and Law graduate from Mumbai University, brings over 5 years of experience in investments and finance to his new role.

The company confirmed that neither director is debarred from holding office by any regulatory authority.

AGM Highlights

The 17th AGM, conducted through video conferencing, saw the passage of several key resolutions:

1. Adoption of financial statements for the year ended March 31, 2025
2. Re-appointment of Mr. Shreyas Shah as a director
3. Appointment of Ms. Damini Baid as an Independent Director
4. Appointment of M/S JNG & CO. LLP as Secretarial Auditors
5. Approval of material transactions with related parties
6. Increase in thresholds for loans, guarantees, and investments under Section 186 of the Companies Act, 2013

Shareholder Participation and Voting Results

The AGM witnessed active participation from shareholders:

• 4 members from the Promoter and Promoter group
• 14 members from the Public category

All resolutions were passed with unanimous approval, receiving 100% votes in favor. The total number of votes polled was 9,845,522, representing 82.20% of the total outstanding shares.

Financial Implications

The approved resolutions include significant financial decisions:

• Approval of overall borrowing limits under Section 180(1)(C) of the Companies Act, 2013
• Authorization for creation of mortgage or charge on company assets
• Increase in threshold for loans, guarantees, and investments in securities

These approvals are expected to provide the company with greater financial flexibility for its operations and strategic initiatives.

The leadership changes and strong shareholder support demonstrated at the AGM reflect Aryaman Capital Markets Limited's commitment to governance and growth in the dynamic financial services sector.

Aryaman Capital Markets Limited , a key player in the financial services sector, has unveiled a series of significant leadership changes and board restructuring, set to take effect from August 18, 2025. These changes, approved by the company's Board of Directors, mark a new chapter in the company's corporate governance and strategic direction.

Key Leadership Changes

• Mr. Pradeep Mardhekar appointed as new Chief Financial Officer (CFO), replacing Mr. Shripal Shah
• Mr. Shripal Shah's designation changed from Whole-Time Director to Executive Director
• Mr. Shreyas Shah transitioned from Executive Director to Whole-Time Director

Mr. Mardhekar brings over seven years of leadership experience in corporate finance, strategic planning, and financial risk management to his new role. The changes in directorship for Mr. Shripal Shah and Mr. Shreyas Shah are subject to shareholder approval.

Board Restructuring

• Ms. Supriya Tatkar concludes tenure as Non-Executive Independent Director on September 1, 2025
• Ms. Damini Baid appointed as Additional Non-Executive Independent Director for a five-year term, starting August 18, 2025

Ms. Baid brings expertise in compliance and secretarial matters to the board.

Corporate Governance and Compliance

Aryaman Capital Markets has appointed M/s. JNG & Co. LLP as the company's Secretarial Auditor for five consecutive years, from the 17th Annual General Meeting (AGM) to the 22nd AGM, subject to shareholder approval.

Additional Corporate Matters

The board meeting, which lasted from 12:30 PM to 5:30 PM, approved several important corporate matters:

• Revision of borrowing limits under Section 180(1)(C) of the Companies Act, 2013
• Authorization for creation of charges on company assets
• Increase in threshold for loans, guarantees, and investments under Section 186
• Approval of material transactions with related parties
• Authorization for advancing loans or providing guarantees under Section 185
• Approval of Corporate Social Responsibility (CSR) expenditure for the 2025-26 financial year

Upcoming Annual General Meeting

The 17th Annual General Meeting of Aryaman Capital Markets Limited is scheduled for September 15, 2025, to be conducted via video conferencing. The board has approved the draft notice for this meeting and appointed M/s. JNG&CO.LLP as the scrutinizer for the AGM proceedings.

These comprehensive changes reflect Aryaman Capital Markets' proactive approach to corporate governance and its commitment to strategic growth.