Announced Fri, 2 May · 17:33 IST

As required under regulation 30 of SEBI LODR 2015, The Board of Directors of the Company has approved appointment of Mr. Sagar Shah as a Company Secretary w.e.f. May 2, 2025.

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AI summary

Yunik Managing Advisors Ltd (formerly Essar Securities Limited) announced that its Board of Directors, at a meeting held on May 2, 2025, approved the appointment of Mr. Sagar Shah as the Company's Secretary and Compliance Officer, effective from the same date. Mr. Shah is a Commerce graduate and an Associate Member of the Institute of Company Secretaries of India (ICSI) with 8 years of experience in the financial sector, including broking, mutual funds, and regulatory compliance. He is not related to any Director, KMP, or promoter of the company and holds no shares in it. His term of appointment aligns with that of other Key Managerial Personnel (KMPs) of the company.

Likely market impact

This is a routine governance update filling a Key Managerial Personnel (KMP) role, which strengthens compliance and regulatory reporting. It is unlikely to have a direct material impact on the stock price but ensures the company meets SEBI's KMP requirement.