ICIIFL Capital Services542773Senior KMP change

Chief Risk Officer and Senior Management Personnel tenders resignation with effect from October 15, 2026

Mr. Mahesh Moopanar has tendered his resignation as Chief Risk Officer and Senior Management Personnel of IIFL Capital Services Ltd, with effect from October 15, 2026.

By ScoutQuest · Thu 15 Oct 2026, 5:03 PM IST · 1 min read

Role resigning from

Chief Risk Officer and Senior Management Personnel

Resignation effective date

October 15, 2026

Resignation letter date

October 12, 2026

What was announced

IIFL Capital Services Ltd has informed the stock exchanges that Mr. Mahesh Moopanar has tendered his resignation from the position of Chief Risk Officer and Senior Management Personnel (SMP) of the company. The resignation takes effect from October 15, 2026.

What the resignation letter says

• Mr. Moopanar states he is resigning in order to pursue better career opportunities and growth.
• He confirms that there are no material reasons for his resignation other than those stated.
• The letter, dated October 12, 2026, expresses his gratitude to the board, the management and his colleagues for the opportunities and support extended to him.

What the role is

The Chief Risk Officer is the senior executive who oversees how the company identifies, measures and controls the risks it takes in its lending and capital market businesses. The update also identifies the person as Senior Management Personnel, a category of senior executives whose movements are disclosed to the exchanges.

How to read this

This is a senior management change. A resignation by the person heading the risk function is something investors typically note, because it concerns a key control role. On the other hand, the stated reason is a personal career move, and the letter records that there are no material reasons beyond that.

The intimation, along with the details required under the disclosure rules and the resignation letter received from him, forms part of the company's communication to the exchanges.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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