Intimation for change in Designation of Director under regulation 30 of the LODR Regulation 2015
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Arihants Securities Ltd has informed the stock exchange that Mr. Nishikant Mohanlal Choudhary, who was the Managing Director (Executive Director), has been redesignated as a Non-Executive Director with effect from September 4, 2025. The board approved this change at its meeting held on the same date. Mr. Choudhary, who holds a BA in Corporate studies, has over 30 years of experience and has been a board member since the company's incorporation. The filing also discloses that he is the uncle of existing Director Mrs. Aarisha, and confirms he is not debarred from holding a director position by any regulatory authority. The company has not yet indicated who will take over the executive leadership role.
The Managing Director position is now vacant in an executive capacity, leaving a key leadership gap at the stock broking firm. Shareholders should watch for further announcements on who will fill the executive MD/CEO role, as this could affect day-to-day management and strategic direction.