Please find enclosed herewith the detailed inforamtion as per regulation 30 of the LODR, regulation 2015.
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NDA Securities Ltd's Board meeting on April 4, 2026 approved three key changes. Mr. Ankit Gupta, a finance professional with prior CFO experience, was appointed as Chief Executive Officer and KMP effective immediately. Independent Director Mr. Akshay Saxena tendered his resignation effective March 23, 2026 citing severe health issues and urgent family commitments that prevented him from fulfilling duties; his resignation letter noted compliance concerns arising from his prolonged absence. The Board appointed Ms. Isha Rastogi, a CA and MBA in Finance, as Non-Executive Independent Director for 5 years (subject to shareholder approval). All three Board Committees (Audit, NRC, and SRC) were reconstituted with new member compositions.
The resignation under difficult circumstances with explicit mention of compliance concerns is a minor governance concern. The quick appointment of both a new CEO and independent director suggests board stability is being maintained, but shareholders should monitor for any operational impact.