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.

Geojit Financial Services Limited has seen a significant reduction in shareholding by one of its prominent promoters, BNP Paribas S.A. The French banking giant sold 5,789,000 equity shares of Geojit Financial Services on the National Stock Exchange of India Limited through a series of open market transactions from June 4th to July 29th, 2025.

Stake Reduction Details

The sale has resulted in a notable decrease in BNP Paribas' ownership stake in Geojit Financial Services:

This transaction represents a reduction of 2.07% in BNP Paribas' voting rights in the company.

Company Share Capital

Geojit Financial Services Limited's equity share capital stands at INR 279,025,452, consisting of 279,025,452 equity shares with a face value of INR 1 each.

Regulatory Compliance

The disclosure of this transaction was made in compliance with the Securities and Exchange Board of India (SEBI) regulations governing substantial acquisition of shares and takeovers. BNP Paribas, as a promoter of Geojit Financial Services, filed the necessary disclosures under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

Additional Information

The LODR (Listing Obligations and Disclosure Requirements) data reveals that BNP Paribas S.A. is acting in concert with BNP Paribas India Holding Private Limited for this transaction. The sale was executed through open market transactions on the National Stock Exchange of India Limited.

It's worth noting that Geojit Financial Services has 1,304,167 outstanding convertible securities for its Employee Stock Option Plan (ESOP) as of June 30th, 2025. When considering these potential conversions, BNP Paribas' stake on a fully diluted basis stands at 22.25%.

This move by BNP Paribas to reduce its stake in Geojit Financial Services could potentially impact the company's ownership structure and may be of interest to investors and market analysts tracking the financial services sector in India.