Madhusudan Securities (formerly known as Madhusudan Securities Limited) has announced a significant change in its top leadership, appointing Vishwanatha Srinivas as the new Chief Financial Officer (CFO) effective December 9, 2025. This appointment comes following the resignation of Sausan Bukhari from the CFO position.

Leadership Transition

The company disclosed this information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The change in leadership is summarized in the following table:

Reasons for the Change

Sausan Bukhari, the outgoing CFO, has decided to step down from her role to focus on broader strategic initiatives. According to the company's statement, Bukhari will:

• Step away from day-to-day operational responsibilities
• Concentrate on the company's broader strategic direction
• Focus on governance and long-term planning as a board member

This move suggests a strategic shift in the company's leadership structure, potentially aimed at strengthening its long-term planning and corporate governance.

New CFO Profile

Vishwanatha Srinivas, the incoming CFO, brings a wealth of experience to Madhusudan Securities. Key points about Srinivas include:

• Over 20 years of experience in finance and related fields
• Expertise in finance, accounts, budgeting, taxation, insurance, and secretarial legal matters
• Proven track record in managing financial domains and contributing to company growth
• Previous experience with notable companies such as Punjab Chemicals & Crop Protection Ltd, UPL Limited, SRF Limited, and Samtel Color Ltd

Implications for Madhusudan Securities

The appointment of Vishwanatha Srinivas as CFO could signal several potential developments for Madhusudan Securities:

1. Enhanced financial strategy: Srinivas's extensive experience may bring new perspectives to the company's financial planning and execution.
2. Operational efficiency: His background in various financial domains could lead to improved operational processes and cost management.
3. Strategic growth: The combination of Bukhari's new focus on long-term strategy and Srinivas's financial acumen may position the company for strategic expansion or transformation.

This leadership change comes at a time when companies are increasingly focusing on strong financial management and strategic planning to navigate complex market conditions. Madhusudan Securities' decision to restructure its top leadership roles may be seen as a proactive step towards strengthening its market position and long-term sustainability.

Investors and market observers will likely be watching closely to see how this transition impacts Madhusudan Securities' financial performance and strategic direction in the coming quarters.

Madhusudan Securities , formerly known as MSL Global Limited, has seen a significant change in its shareholding structure following a recent warrant conversion. Non-promoter investor Cheralathan has substantially increased his stake in the company through a preferential allotment.

Key Highlights of the Transaction

• Acquisition Date: October 10, 2025
• Shares Acquired: 15,00,000
• Mode of Acquisition: Preferential allotment via warrant conversion
• Post-Acquisition Shareholding: 16,15,000 shares (7.54% of diluted share capital)
• Pre-Acquisition Holding: 1,15,000 shares (0.79% of total share capital)

Impact on Company's Share Capital

The transaction has led to a significant expansion in Madhusudan Securities' equity share capital:

Transaction Details

Cheralathan, who previously held 1,15,000 shares and 15,00,000 warrants, converted all his warrants into equity shares. This conversion increased his total shareholding from 0.79% to 7.54% of the company's diluted share capital.

Broader Context

The preferential allotment was part of a larger issuance by Madhusudan Securities. The company allotted a total of 68,57,334 equity shares to strategic investors (non-promoters) through warrant conversion on the same date.

Company Information

Madhusudan Securities, listed on the BSE Limited, has undergone this significant change in its shareholding structure. The company continues to adapt and evolve in the dynamic market environment.