Voice Of Capital Market

ANMI National President Message, April 2026

Dear Members,

“In times of uncertainty, strong institutions do not merely endure — they lead, adapt, and help shape the future.” I t is both an honour and a profound responsibility to assume office as the National President of ANMI for the financial year 2026–27. I extend my sincere gratitude to all members for the trust and confidence they have reposed in me. We begin this new financial year in an environment shaped by both opportunity and uncertainty — globally as well as domestically. Geopolitical tensions, inflationary pressures, technological disruption, and evolving regulatory landscapes continue to influence financial markets worldwide. Yet amid these changing dynamics, India’s capital markets have demonstrated remarkable resilience, supported by strong domestic participation, steady institutional flows, and a robust economic foundation. As the largest association representing stock brokers and market intermediaries in India, ANMI has consistently played an important role in supporting market development, advocating member interests, and contributing constructively to the growth of the financial ecosystem. In this evolving environment, our responsibility becomes even greater.

Our vision for the year ahead is clear — to position ANMI as a forward looking, influential, and globally respected voice of the Indian broking community, while contributing meaningfully to India’s emergence as a leading global financial hub. Our mission continues to focus on promoting stable, competitive, transparent, and efficient capital markets that support sustainable economic growth and strengthen investor confidence. To translate this vision into meaningful action, we will focus on our five point manifesto: 1. Building a more member driven ANMI 2. Expanding ANMI’s international presence and engagement 3. Strengthening policy advocacy with regulators and policymakers 4. Encouraging new product development in collaboration with exchanges 5. Promoting investor education and awareness At the core of this agenda is a strong commitment towards member engagement and responsiveness. We aim to create more meaningful interaction through regular member connects, panel discussions, fireside sessions, and knowledge sharing initiatives covering areas such as compliance, market trends, technology, business development, and emerging opportunities. We also intend to strengthen communication and operational responsiveness by improving turnaround time for member queries, streamlining membership renewal processes, and creating stronger connectivity across regions through unified communication platforms. Another important focus area for the year will be enhancing the quality and relevance of ANMI Voice. Our endeavour will be to make the magazine more insightful, timely, and globally oriented, with high-quality content that delivers greater value to our members. I am pleased to share that we have already begun the year with strong momentum. On 11th April 2026, ANMI successfully conducted its first Board Meeting for FY 2026–27 at the National Stock Exchange of India (NSE), where key strategic priorities, governance frameworks, and committee structures were discussed and aligned.

This was followed by the ANMI Northern Region’s 1st Managing Committee Meeting held on 15th April 2026, which brought together regional leadership to collaboratively shape the roadmap for the year ahead. The active participation and valuable insights shared by members reaffirmed the strength and unity of our association. On 4th May 2026, I attended the IMC Capital Market Conference 2026 at the National Stock Exchange of India, Mumbai, along with ANMI members. The conference was honoured by the presence of Shri. Tuhin Kanta Pandey, Chairman of SEBI, adding great significance to the event. As part of our continued engagement with key market institutions, we also had the privilege of meeting and felicitating several distinguished leaders across the financial ecosystem:

1. Mr. Sundararaman Ramamurthy, MD & CEO, Bombay Stock Exchange

2. Ms. Praveena Rai, MD & CEO, Multi Commodity Exchange

3. Dr. Arun Raste, MD & CEO, National Commodity & Derivatives Exchange Limited

4. Mr. Vikram Kothari, MD & CEO, NSE Clearing Limited

5. Ms. Vaisshali Babu, MD & CEO, Indian Clearing Corporation Limited

6. Mr. Rishi Nathany, MD & CEO, Multi Commodity Exchange Clearing Corporation Limited

7. Mr. Nehal Vora, MD & CEO, Central Depository Services (India) Limited

8. Mr. Vijay Chandok, MD & CEO, National Securities Depository Limited

These engagements reflect ANMI’s continued commitment to building meaningful partnerships with market infrastructure institutions, regulators, and stakeholders across the financial ecosystem. In addition, ANMI Northern Region successfully organised member interactions in Chandigarh and New Delhi during April 2026, creating valuable platforms for dialogue, collaboration, and exchange of ideas among members. As we move through FY 2026–27, the global environment will continue to evolve rapidly. However, periods of change also create opportunities — opportunities for innovation, collaboration, institutional strengthening, and long­term growth. ANMI will continue to engage constructively with regulators, exchanges, policymakers, and stakeholders to ensure that the interests of our members and the broader market ecosystem are effectively represented. I would also like to acknowledge the invaluable contributions of my predecessor and the leadership team, whose efforts have laid a strong foundation for us to build upon. With the continued support of our Board, Committees, Regional Leadership, and Members, I am confident that together we can take ANMI to even greater heights.

Let us move forward together — with purpose, resilience, unity, and a shared vision for the future. Warm regards,

Kamlesh D Shroff

National President, ANMI