Pursuant to the Regulation 30 of SEBI (LODR) Regulations, 2015, please find enclosed herewith the disclosure w.r.t the change in management control. This is for your information and record.
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NDA Securities Ltd has informed the stock exchanges that Mr. Sanjay Agarwal, the Managing Director and Key Managerial Personnel, and Mrs. Deepti Agarwal, a Non-Executive Director, have both resigned from the company effective the close of business hours on 22 May 2025. Both resignations cite the reason as facilitating a change in control of management. The company is yet to disclose who will replace them or who the new management/controllers will be. The original letters from both directors request the company to update the Registrar of Companies, stock exchanges, and HDFC Bank to remove them as authorized signatories.
This is a significant governance event — the simultaneous exit of the MD (CEO equivalent) and another director creates a leadership vacuum at the top and signals an ownership/control change. Until new management is announced and continuity of operations is clarified, shareholders should expect heightened uncertainty and potential stock price volatility on NDA Securities (Scrip Code: 511535).