CIL Securities Limited, a prominent player in the financial services sector, has announced a significant change in its leadership team. The company has disclosed the resignation of its Company Secretary and Compliance Officer, along with the appointment of a successor.

Key Leadership Changes

Ms. Vaishnavi N has tendered her resignation from the position of Company Secretary and Compliance Officer of CIL Securities Limited. Her departure will be effective from the close of business hours on November 3, 2025. The company has accepted her resignation and confirmed that there are no material reasons for her departure beyond those stated in her resignation letter.

In a seamless transition, the Board of Directors has appointed Ms. Anjali Sahal as the new Company Secretary and Compliance Officer. Ms. Sahal will assume her responsibilities effective November 4, 2025.

Profile of the New Appointee

Ms. Anjali Sahal brings a strong academic background and relevant experience to her new role:

• She holds a degree in Company Secretaryship
• She has completed both graduation and post-graduation in Commerce
• Ms. Sahal has experience in handling corporate governance and secretarial compliance

The company has confirmed that Ms. Sahal is not related to any Director of CIL Securities Limited, ensuring independence in her role.

Corporate Governance Implications

This change in the key managerial personnel position is significant from a corporate governance perspective. The role of Company Secretary and Compliance Officer is crucial in ensuring that the company adheres to regulatory requirements and maintains transparency in its operations.

The appointment of Ms. Sahal, with her background in corporate governance, signals CIL Securities' commitment to maintaining high standards of compliance and secretarial practices.

Financial Performance Context

While this news primarily focuses on the leadership change, it's worth noting that CIL Securities Limited has recently reported its financial results for the quarter ended September 30, 2025. The company's unaudited financial results show:

These figures provide context to the company's financial position at the time of this leadership transition.

The change in the Company Secretary and Compliance Officer role comes at a time when CIL Securities is maintaining a stable financial performance, albeit with a slight decrease in revenue and profit compared to the same quarter last year.

CIL Securities Limited, a prominent player in the financial services sector, has released its financial results for the first quarter of the fiscal year 2025-26, along with announcing a significant change in its leadership team.

Financial Performance

For the quarter ended June 30, 2025, CIL Securities reported:

The company experienced a decline in both revenue and profitability compared to the same quarter of the previous year. Revenue from operations decreased by 7.66% year-over-year, while net profit saw a more significant drop of 18.07%.

Segment-wise Performance

CIL Securities' operations are divided into several segments:

1. Securities Dealing and Broking: This segment remained the primary revenue generator, contributing ₹194.53 crore to the total revenue.
2. Registrar & Share Transfer Agents: This division showed growth, with revenue increasing to ₹20.95 crore from ₹11.79 crore in the same quarter last year.
3. Consultancy Fee: Revenue from this segment saw a substantial increase to ₹13.66 crore, up from ₹1.80 crore in Q1 FY2025.
4. Demat / Depository and Merchant Banking Fee: These segments contributed ₹5.82 crore and ₹0.30 crore respectively to the total revenue.

Leadership Transition

In a significant development, CIL Securities announced changes in its top management:

1. Mr. Krishna Kumar Maheshwari has resigned from the position of Chief Financial Officer (CFO), effective from the close of business hours on July 26, 2025. The company stated that this decision was made to ensure good corporate governance.

2. Mr. Vinod Kumar Sabavath has been appointed as the new Chief Financial Officer, effective July 27, 2025. Mr. Sabavath brings over 8 years of experience in accounting, taxation, financial reporting, and regulatory compliance to his new role.

Board Meeting Outcomes

The company's Board of Directors met on July 26, 2025, and approved the unaudited financial results for the quarter ended June 30, 2025. The meeting commenced at 11:00 AM and concluded at 12:50 PM.

CIL Securities Limited continues to navigate the dynamic financial services landscape, adapting to market conditions and strengthening its leadership team. The company's performance in the coming quarters will be closely watched by investors and market analysts alike.