SKP Securities Limited , a prominent player in the financial services sector, has initiated a postal ballot process to seek shareholder approval for two significant director appointments. The company, known for its stock broking, wealth advisory, and merchant banking services, is looking to strengthen its leadership team with these strategic additions.

Executive Director Appointment

The first proposal on the ballot is the appointment of Mr. Vaibhav Pachisia as an Executive Director. If approved, Mr. Pachisia will serve a three-year term from October 1, 2025, to September 30, 2028. The 30-year-old brings seven years of experience in management consulting, equity research, institutional equities, and private wealth management to the role.

Mr. Pachisia, part of the company's promoter group, is set to receive an annual remuneration of Rs. 40.00 lakh, with potential annual increments not exceeding 10%. Additionally, he may be eligible for a commission of up to 3% of the company's net profits.

Independent Director Nomination

The second item on the ballot proposes the appointment of Ms. Suparna Chakrabortti as a Non-Executive Independent Director. Her proposed term is for five years, from October 1, 2025, to September 30, 2030. Ms. Chakrabortti, 59, brings over 20 years of corporate experience and has served as an independent director on several listed company boards for more than a decade.

Voting Process and Timeline

SKP Securities has opted for an e-voting process for this postal ballot. The e-voting period is scheduled to commence on July 30, 2025, and conclude on August 28, 2025. The results of the postal ballot are expected to be announced by September 1, 2025.

Management's Perspective

The company's board believes that these appointments will contribute significantly to SKP Securities' growth and governance. Mr. Pachisia's experience in equity research and wealth management aligns with the company's core businesses, while Ms. Chakrabortti's extensive experience as an independent director is expected to enhance the board's oversight capabilities.

Shareholders of SKP Securities Limited have been urged to participate in the e-voting process to voice their decision on these crucial appointments. The outcome of this postal ballot could shape the company's leadership and strategic direction in the coming years.

SKP Securities Limited , a prominent player in the financial services sector, has announced its unaudited financial results for the first quarter ended June 30, 2025, along with key changes to its board of directors.

Financial Performance

The company reported a total revenue from operations of Rs 1,040.28 lakh for Q1 2025, marking a 5.4% increase from Rs 986.80 lakh in the same quarter last year. However, the net profit saw a decline, standing at Rs 285.25 lakh compared to Rs 320.65 lakh in the previous year's corresponding quarter.

The company's interest income showed significant growth, rising to Rs 157.16 lakh from Rs 103.03 lakh in the previous year. Brokerage and fee income also increased to Rs 771.38 lakh from Rs 733.33 lakh.

Board Appointments

In a strategic move to strengthen its leadership, SKP Securities has made two significant appointments to its board:

1. Mr. Vaibhav Pachisia has been appointed as a Whole-time Director, designated as an Executive Director, for a term of three years effective October 1, 2025. Mr. Pachisia, aged 30, brings 7 years of experience in management consulting, equity research, institutional equities, and private wealth management. He holds a BBA from Emory University (USA) and an MBA from INSEAD (Singapore/France).

2. Ms. Suparna Chakrabortti joins as a Non-Executive, Independent Director for a five-year term, also effective from October 1, 2025. With over 20 years of experience, Ms. Chakrabortti is a Chartered Accountant and holds an MBA from Rutgers University, New Jersey, USA, and a Master of Education from Hunter College, City University of New York, USA.

Both appointments are subject to shareholder approval through a postal ballot.

Looking Ahead

The company's focus on diversifying its revenue streams is evident from the growth in interest income and brokerage fees. While the net profit has seen a slight dip, the increased revenue suggests that SKP Securities is positioning itself for potential growth in the coming quarters.

The addition of Mr. Pachisia and Ms. Chakrabortti to the board brings a blend of youthful dynamism and seasoned expertise, which could play a crucial role in shaping the company's future strategies and governance.

Investors and stakeholders will be keenly watching how these new appointments and the company's financial performance will impact its market position in the competitive financial services landscape.