Announcement under Regulation 30 SEBI (LODR)2015 for change in Directorate
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My Money Securities Ltd has informed the stock exchange about two board-level changes effective 30-31 May 2025. Mr. Praveen Dua (DIN: 11108641) has been appointed as an Additional Independent Director for a 5-year term, subject to shareholder approval. Separately, Mr. Mudit Sehgal (DIN: 07684666), a Non-Executive Independent Director, has resigned with effect from 31 May 2025. Post these changes, the board will have six members including three from the Seth promoter family (Sanjai Seth as WTD & CFO, Vikas Seth as MD, Rajni Seth as Non-Executive Non-Independent Women Director) along with two Independent Directors and a Non-Executive Independent Chairperson.
This is a routine board reconstitution with one independent director replacing another, keeping the board composition balanced at six members. No change in management control or financial leadership, so material impact on shareholders or stock price is unlikely.