5paisa Capital Seeks New Company Secretary After KMP Resigns

Resignation and Acceptance

Ms. Charvi Panchmatia, Company Secretary & Compliance Officer (KMP) of 5paisa Capital Limited, has resigned from her position. Her resignation, effective April 17, 2026, was accepted by the company's Board of Directors on April 13, 2026. Ms. Panchmatia stated she plans to pursue external career opportunities.

Importance of the Role

The Company Secretary and Compliance Officer role is crucial for ensuring a company meets all legal and regulatory requirements. This position is vital for good corporate governance, maintaining transparent communication with stakeholders, and managing relationships with regulatory bodies like SEBI and stock exchanges.

Recent Management and Regulatory History

5paisa Capital has seen other key management changes recently. Namita Godbole, its former Company Secretary and Chief Compliance Officer, resigned effective July 11, 2025. Yashpal Chopra also resigned as Chief Risk Officer in December 2024. The company has also navigated regulatory matters, including settling a SEBI case for ₹1,00,000 in March 2026 related to algorithmic trading platforms. Additionally, it received a SEBI Show Cause Notice in September 2025 concerning its Research Analyst registration and an Income Tax demand of ₹75.11 lakh in March 2026.

Next Steps

5paisa Capital will now begin the process of appointing a new Company Secretary & Compliance Officer. Ensuring a smooth handover of responsibilities will be a priority.

Ongoing Compliance Focus

The SEBI Show Cause Notice regarding the Research Analyst registration remains an active compliance matter. The Income Tax demand of ₹75.11 lakh also requires further action, potentially an appeal, indicating ongoing financial oversight needs.

Industry Moves

Competitors like Angel One Ltd and IIFL Securities Ltd have also experienced senior management and compliance role changes. Angel One has Naheed Patel as its Company Secretary and Compliance Officer and recently appointed Ajit Sinha as General Counsel after Meenal Maheshwari Shah resigned. IIFL Securities saw its Company Secretary & Compliance Officer Roshan Dave resign in November 2020, with Meghal Shah appointed to the role.