Outcome of Board Meeting held on 15.05.2025
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The board of My Money Securities Ltd met on 15 May 2025 and addressed two director-level changes. First, the board received a proposal to appoint CS Praveen Dua (a Company Secretary member and Insolvency Professional with over 31 years of experience in IPOs and mergers) as a new Independent Director. Second, the board accepted the resignation of Mr. Mudit Sehgal as Independent Director, effective 31 May 2025. In his resignation letter, Mr. Sehgal cited personal priorities and confirmed there is no disagreement with management or the board, and no other material reasons behind his exit.
This is a routine board reshuffle with one independent director leaving for personal reasons and a replacement lined up, so there is no immediate governance red flag for shareholders.