Board approves Kalpesh Dave as President - Wealth Management; classified as Senior Management Personnel

The Board of Share India Securities, by a resolution passed through circulation on October 12, 2026, approved the appointment of Mr. Kalpesh Dave as President - Wealth Management and classified him as a Senior Management Personnel of the.

Mon 12 Oct 2026

Appointment Approved

Mr. Kalpesh Dave as President - Wealth Management

Classification

Senior Management Personnel of the Company

Effective Date

October 12, 2026

What was approved

Share India Securities has informed the exchanges that its Board of Directors approved the appointment of Mr. Kalpesh Dave as President - Wealth Management, and classified him as a Senior Management Personnel of the Company. The approval came by way of a resolution passed through circulation on October 12, 2026 at approximately 11:32 a.m.

Effective date

The appointment is effective from October 12, 2026. Since Mr. Dave is in whole-time employment with the Company, the term of appointment is not applicable.

Profile of the appointee

• A seasoned banking and wealth management professional with over two decades of leadership experience across private banking, investments and financial planning.
• Has held senior leadership roles at L&T Private Banking, Aditya Birla Wealth, Kotak Mahindra Bank and ICICI Bank.
• A founding team member of InCred Wealth, where he helped build and scale the business to over USD 1.2 billion in assets.
• Brings extensive expertise in wealth management, business development and client servicing, with a strong focus on HNI, UHNI and NRI clients.

How to read this

This is a change in management: a senior leadership position, Wealth Management, is being filled, and the person holding it is being classified as Senior Management Personnel. Appointments at this level shape how a business vertical is run, and the disclosure sets out the appointee's professional background so investors can see the experience being brought in.

The wealth management background of the appointee, including his role in building a business to over USD 1.2 billion in assets, is the main qualitative input here.

The disclosure also states that the relationship disclosure with Directors is not applicable for this appointment.

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