In a key development, 5paisa Capital Limited, one of India’s leading financial service providers, has announced changes to its senior leadership and Risk Management Committee (RMC). On December 3, 2024, the company informed the stock exchanges about the resignation of Mr. Yashpal Chopra from the post of Chief Risk Officer (CRO) and the appointment of Mr. Lalit Babu Lathe as his successor.

Leadership Transition

Mr. Yashpal Chopra, who served as the CRO of 5paisa Capital, tendered his resignation to explore career opportunities outside the organization. His resignation became effective at the close of business hours on December 2, 2024.

The company acted swiftly to ensure a smooth transition by appointing Mr. Lalit Babu Lathe as the new CRO, effective December 3, 2024. Mr. Lathe, an accomplished professional with over 18 years of experience in the financial services sector, has held significant roles in reputed organizations such as Upstox, Angel Broking, Yes Securities, Edelweiss, and ICICI Bank.

About Lalit Lathe

Mr. Lalit Lathe brings a wealth of experience to 5paisa Capital, especially in securities and capital markets operations. A Bachelor of Commerce graduate from Mumbai University and holder of a Post Graduate Diploma in Business Administration, Mr. Lathe has demonstrated exceptional leadership in previous roles, such as Associate Director of Operations at Upstox.

His career highlights include:

• Driving operational improvements and business growth in top-tier financial institutions.
• Collaborating with senior management to formulate strategic operational policies.
• Implementing innovative IT systems and technology solutions to enhance customer service and ensure regulatory compliance.

With this appointment, 5paisa Capital aims to strengthen its risk management framework and drive operational efficiency under Mr. Lathe’s leadership.

Risk Management Committee Reconstitution

To accommodate this leadership change, the Risk Management Committee (RMC) of the company has been restructured. The updated composition of the committee includes:

• Dr. Archana Hingorani – Chairperson
• Mr. Milin Mehta – Member
• Mr. Yogesh Maroli – Member
• Mr. Gourav Munjal – Member
• Mr. Ameya Agnihotri – Member
• Mr. Lalit Lathe – Member

This reconstitution ensures a seamless integration of the new CRO into the company’s strategic decision-making processes.

Regulatory Compliance and Transparency

The changes have been communicated in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has reiterated its commitment to maintaining transparency and fostering a robust governance structure.

These updates are also available on the 5paisa Capital website, where investors can find detailed disclosures and ongoing announcements.

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