Market Creators Limited Appoints Vaishali Kalpesh Shah as Additional Director and CFO

Market Creators Limited has announced key leadership appointments following a board meeting held on December 11, 2025. The company appointed Ms. Vaishali Kalpesh Shah to dual roles as Additional Director and Chief Financial Officer, marking a significant development in the organization's executive structure.

Board Meeting Outcomes

The Board of Directors, acting on the recommendation of the Nomination and Remuneration Committee, made the following appointments during their meeting:

Position:	Appointee	Effective Date	Status
Additional Director (Executive Non-Independent)	Ms. Vaishali Kalpesh Shah	December 11, 2025	Subject to shareholder approval
Chief Financial Officer	Ms. Vaishali Kalpesh Shah	December 11, 2025	Immediate effect
Director Identification Number:	11414073	-	-

The board meeting commenced at 11:30 AM IST and concluded at 12:15 PM IST on December 11, 2025.

Professional Background and Qualifications

Ms. Vaishali Kalpesh Shah brings substantial experience to her new roles at Market Creators Limited. Her professional profile highlights include:

Qualification:	Details
Educational Background	Chemical Engineer by qualification
Industry Experience	Over 25 years in mutual fund distribution business
Role at Market Creators	Instrumental in building and managing the firm's mutual fund distribution business
Core Competencies	Sharp analytical approach, deep market understanding, and client-centric mindset

Her expertise spans investment advisory ecosystem management, ensuring seamless operations, compliance, and personalized investor engagement. Ms. Shah has been recognized as a trusted name among investors seeking long-term, disciplined wealth creation strategies.

Regulatory Compliance and Relationships

The appointment follows all regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key compliance details include:

Compliance Aspect:	Details
Regulatory Status	Not debarred from holding Director office by SEBI or other authorities
Family Relationships	Wife of Mr. Kalpesh Shah, daughter-in-law of Ms. Neela J. Shah
Approval Requirement	Additional Director appointment subject to shareholder regularization via postal ballot

Strategic Impact

Ms. Shah's appointment reflects Market Creators Limited's commitment to strengthening its leadership team with experienced professionals. Her blend of technical education, market insight, and intuitive understanding of client behavior is expected to provide balanced strength to the organization. The company emphasized her role in scaling the investment advisory ecosystem and her dedication to helping investors achieve clarity, confidence, and long-term financial success.

The dual appointment positions Ms. Shah to oversee both strategic direction as a board member and financial operations as CFO, potentially enhancing coordination between governance and operational functions at Market Creators Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+18.53%	+1.98%	+6.25%	-9.05%	+218.51%

Market Creators has announced the sad demise of Mr. Jayantilal Harkisondas Shah, who served as the company's Chief Financial Officer (CFO) and Director. The company reported that Mr. Shah passed away on November 23, 2025.

Impact on the Company

In its official statement, Market Creators expressed that Mr. Shah's sudden and unexpected passing represents an irreparable loss to the organization. The company highlighted the significant contributions made by Mr. Shah during his tenure:

Long Association: Mr. Shah had a prolonged relationship with the company.
Vision Leadership: His leadership was characterized by a strong vision that guided the company.
Board Tenure: As a member of the Board of Directors, Mr. Shah's influence was described as immensely beneficial to the company.

Corporate Details

Position Held	Name	Director Identification Number (DIN)
CFO and Director	Jayantilal Harkisondas Shah	00051917

The company has informed the BSE Limited about this development in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.

Company Response

Market Creators conveyed deep sympathy, sorrow, and condolences to Mr. Shah's family. The announcement reflects the high regard in which Mr. Shah was held within the organization and the significant impact of his loss on the company's leadership.

This news underscores the importance of key personnel in corporate governance and the potential impact of such losses on company operations and strategy.