IIFL Capital Services Limited (formerly IIFL Securities Limited), a leading financial services company, announced a key change in its Senior Management Personnel (SMP) during the Board of Directors meeting held on 17th September 2025. The meeting, conducted in accordance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, commenced at 12:00 noon and concluded at 12:20 pm.

The Board approved the resignation of Ms. Geetha Menon from her position as Head – Human Resources and as a Senior Management Personnel of the Company. The resignation is effective from 17th September 2025 due to her transfer to another promoter group company. There is no other material reason for her resignation. Ms. Menon expressed gratitude to the management for the opportunities for growth, guidance, and professional development she received during her tenure as Head – Human Resources.

Simultaneously, the Board approved the appointment of Ms. Neha Nambiar as the new Head – Human Resources and identified her as a Senior Management Personnel of the Company with effect from 17th September 2025. Ms. Nambiar brings over 17 years of experience with leading financial institutions including Kotak Mahindra Bank, HDFC Bank, and Citigroup. During her 12-year tenure at Kotak Mahindra Bank, she advanced from Manager to Senior Vice President in Private Banking HR, contributing significantly to attrition reduction, productivity improvement, and the implementation of award-winning employee engagement initiatives.

The Company has disclosed the necessary details as per SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/015 dated 11th November 2024, ensuring full compliance with regulatory requirements. The disclosure includes reasons for the change, dates of cessation and appointment, term of employment, and a brief profile of the newly appointed executive.

The Board confirmed that the resignation and appointment were considered carefully, and the changes are aligned with the Company’s commitment to strong corporate governance and smooth succession planning. These decisions were approved unanimously and are being communicated to the BSE Limited and National Stock Exchange of India Limited as part of statutory disclosure obligations.

Ms. Neha Nambiar’s appointment strengthens the company’s HR leadership, ensuring continued focus on employee engagement, organizational development, and strategic human resource management. The seamless transition highlights IIFL Capital’s proactive approach to maintaining experienced leadership in key management positions.

The announcement of this senior management change is part of IIFL Capital Services’ ongoing commitment to transparency, regulatory compliance, and effective corporate governance, keeping all stakeholders informed about key leadership updates.

The Board’s meeting outcome has been uploaded and circulated to ensure that shareholders and the market are promptly informed, maintaining trust and confidence in the company’s management.

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