5Paisa Capital , a prominent player in the Indian financial services sector, has witnessed a significant change in its shareholding structure. Shubhi Consultancy Services LLP, through a series of open market purchases, has acquired a substantial stake in the company.

Key Details of the Acquisition

Impact on Shareholding

The strategic move by Shubhi Consultancy Services LLP has resulted in a significant increase in their ownership of 5Paisa Capital. Following this acquisition:

• The total holding of Shubhi Consultancy Services LLP, along with persons acting in concert, has risen to 8.00% of the company's voting rights.

This substantial increase in stake could potentially influence the company's decision-making processes and strategic direction.

Market Implications

While the immediate market reaction to this development remains to be seen, such significant changes in shareholding patterns often attract investor attention. Stakeholders and market analysts may closely monitor any subsequent changes in 5Paisa Capital's operations or management strategies that could result from this shift in ownership.

As the financial services landscape in India continues to evolve, moves like this highlight the dynamic nature of ownership and control in publicly traded companies. Investors and industry observers will likely keep a close eye on any further developments or announcements from 5Paisa Capital in the wake of this significant shareholding change.

5Paisa Capital Limited, a prominent player in the Indian financial services sector, has initiated a postal ballot to secure shareholder approval for the appointment of Mr. Zor Gorelov as a Non-Executive Independent Director. This move signals the company's intent to bolster its technological expertise at the board level.

Key Details of the Appointment

Professional Background

Mr. Gorelov brings over 25 years of experience in the technology and software industry to 5paisa Capital. His career highlights include:

• Currently serving as a Senior Advisor at Klaros, focusing on AI strategy in banking and fintech.
• Founder and CEO of Kasisto (2013), a leading provider of AI-powered digital assistants for banking.
• Co-founder and CEO of SpeechCycle, acquired by Synchronoss Technologies (SNCR).
• Founder of BuzzCompany.com, acquired by Multex.com (MLTX).

Voting Process

5paisa Capital has outlined the following e-voting schedule for shareholders:

The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the e-voting process. Results are expected to be declared within two working days from the conclusion of e-voting.

Board Committees

Upon appointment, Mr. Gorelov is set to join the following committees of 5paisa Capital Limited:

• Independent Directors (ID) Committee - Member
• Information Technology (IT) Committee - Member

Remuneration

As a Non-Executive Independent Director, Mr. Gorelov will be entitled to sitting fees for attending board and committee meetings, reimbursement of expenses, and profit-related commission within the limits approved by the Board, in accordance with the Companies Act, 2013.

The appointment of Mr. Gorelov, with his extensive experience in AI and digital transformation, aligns with 5paisa Capital's focus on technological advancement in the financial services sector. Shareholders will have the opportunity to vote on this significant board addition, potentially shaping the company's future strategic direction in the rapidly evolving fintech landscape.