Disclosure under Reg 30 - Change in Management
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Amarnath Securities Ltd's board, at its August 13, 2025 meeting, approved unaudited Q1 FY26 results showing revenue from operations of Rs 8.82 lakhs (down from Rs 9.71 lakhs in Q1 FY25) and profit after tax of Rs 4.40 lakhs (vs Rs 4.93 lakhs). The board accepted the resignation of Independent Director Mr. Afzalkhan Usmankhan Afridi, who cited preoccupation. Two new Independent Directors were appointed: Mr. Nitin Walunj (MBA Finance, 18+ years at Reliance Securities, Axis Securities, Motilal Oswal) and Ms. Vaishali Dhruvabal Mahadik (Commerce graduate). Both new directors are appointed for a 5-year term ending August 12, 2031. The statutory auditor issued an unmodified limited review report on the financials.
The director-level churn (one exit, two new independent directors) is a routine board refresh with no governance red flags, as the exiting director confirmed no material reasons. Slight decline in quarterly revenue and profits is marginal and unlikely to materially affect shareholders.