Geojit Financial Services has informed stock exchanges about the resignation of Mr. Gopinath Natarajan from his position as CEO - Asset Management, effective February 28, 2026. The company made this disclosure to BSE Limited and National Stock Exchange of India Limited on February 27, 2026, pursuant to Regulation 30 of the SEBI Listing Regulations.

Senior Management Change Details

The resignation represents a significant change in the company's senior management structure. Natarajan has served as CEO of the Asset Management division, a key business segment of the financial services company.

Resignation Communication

According to the resignation letter dated November 10, 2025, Natarajan informed the company management of his intention to step down following telephonic conversations held on November 6 with Mr. Satish and the subsequent day with Kamal Mampilly. In his resignation communication, Natarajan expressed gratitude for his tenure with the organization.

Key aspects of the resignation process:

• Initial discussions held in early November 2025
• Formal resignation submitted on November 10, 2025
• Extended transition period until February 28, 2026
• Commitment to ensure seamless handover of responsibilities

Professional Tenure and Transition

Natarajan completed two years with Geojit Financial Services in his role as CEO of the Asset Management division. In his resignation letter, he acknowledged the valuable insights gained during his tenure and expressed confidence that the experience would benefit his future endeavors.

The departing executive has committed to facilitating a smooth transition of responsibilities during the extended notice period. This approach demonstrates the company's focus on maintaining operational continuity in its asset management business.

Regulatory Compliance

Geojit Financial Services has fulfilled its disclosure obligations under SEBI regulations by providing comprehensive details about the senior management change. The company submitted the required documentation, including the formal resignation letter and detailed particulars as mandated by SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Company Secretary Liju K Johnson signed the disclosure documents, ensuring compliance with all applicable listing regulations and maintaining transparency with stakeholders and investors.

Geojit Financial Services Limited announced its Q3FY26 consolidated financial results, revealing a challenging quarter marked by declining profitability and exceptional charges. The financial services company faced headwinds from regulatory changes and market conditions that significantly impacted its performance metrics.

Financial Performance Overview

The company's financial performance showed substantial pressure across key metrics during the quarter. Revenue from operations declined while profitability faced severe compression due to both operational challenges and one-time regulatory impacts.

Revenue Composition and Trends

The company's revenue streams showed mixed performance during the quarter with total revenue declining from ₹1.70 billion in Q3FY25 to ₹1.60 billion in Q3FY26. This represents a year-on-year decline of 6.70%, reflecting the challenging operating environment faced by the financial services sector.

Exceptional Charges Impact

A major factor affecting the quarter's performance was exceptional charges resulting from the Government of India's notification of four Labour Codes, consolidating 29 existing labour laws. The company assessed and recorded the incremental impact of these regulatory changes, which substantially affected the bottom line performance.

Profitability Analysis

The company's profitability metrics showed significant compression during the quarter. Net profit attributable to owners declined sharply to ₹127.00 crores from ₹359.00 crores in the corresponding quarter last year, marking a substantial 64.50% year-on-year decrease.

Regulatory Compliance and Outlook

Geojit Financial Services continues to monitor developments related to the Labour Codes and expects to provide appropriate accounting effects based on further clarifications from the government. The company maintains its focus on regulatory compliance while adapting to the evolving financial services landscape. The results demonstrate the challenges faced by financial services companies in navigating regulatory changes while maintaining operational efficiency in a competitive market environment.