GCM Securities Ltd Approves CFO Change; Umesh Rajan Swamy Appointed to Succeed Shrenik Choraria
GCM Securities Ltd has announced changes in its Key Managerial Personnel (KMP) following a Board meeting held on June 15, 2026. The board approved the resignation of Mr. Shrenik Choraria from the position of Chief Financial Officer (CFO), and simultaneously appointed Mr. Umesh Rajan Swamy as the new CFO.The company confirmed that the departure of Mr. Choraria was due to health issues. His resignation was accepted effective from closing hours on June 15, 2026. The board noted that there were no other material reasons for his departure besides those provided in the relevant disclosures.
Mr. Umesh Rajan Swamy has been appointed as the CFO, effective from closing hours of June 15, 2026. Mr. Swamy is a Commerce graduate and brings extensive experience across the broking industry and the Financial Sector. His background includes working with leading Broking houses and NBFCs. He has actively engaged in business activities since 2010, applying his financial and operational expertise to entrepreneurial ventures. Furthermore, it was confirmed that Mr. Swamy has not been debarred from holding the office of Director or KMP by SEBI order or any other such authority.
The details concerning this change among Key Managerial Personnel are as follows:
| Particulars | Detail |
|---|---|
| Resigning CFO | Mr. Shrenik Choraria |
| Reason for Resignation | Health issues |
| Appointed CFO | Mr. Umesh Rajan Swamy |
| Date of Appointment/Cessation | June 15, 2026 |
| Profile of New CFO | Commerce graduate with experience in broking and Financial Sector since 2010. |
Stock Price Movement
GCM Securities Ltd is trading at ₹0.66 as of 13:26, holding steady with no change recorded for the stock shares. Throughout the market session, the share price has moved between an intraday high of ₹0.67 and a low of ₹0.63.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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