Amarnath securities announced significant leadership changes following its board meeting held on April 10, 2026. The board of directors approved two key appointments that will strengthen the company's executive team and governance structure.

Board Meeting Outcomes

The board meeting was conducted on April 10, 2026, commencing at 12.00 Noon and concluding at 1.00 P.M. The directors considered and approved the following appointments:

Both appointments are subject to approval by members at the ensuing General Meeting of the company.

Profile of Additional Director

Mrs. Kinnari Chetan Patel has been appointed as Additional Director with the following credentials:

Mrs. Patel is a seasoned professional with diverse experience in business management and strategic operations. She possesses strong expertise in organizational development, administrative functions, and leadership execution. Her professional background includes valuable insights in executing business strategies, fostering stakeholder relationships, and ensuring compliance with regulatory frameworks.

CEO Appointment Details

Ms. Prarthee Chetan Patel has been appointed as Chief Executive Officer and Key Managerial Personnel effective April 10, 2026. She brings significant entrepreneurial experience and supply chain expertise to the role.

Professional Background

Ms. Prarthee Patel is an entrepreneur and supply chain strategist with experience in building and scaling business operations. Key highlights of her professional journey include:

• Founder of ChainEx Solutions: Advises businesses on supply chain transformation, operational due diligence, and cost optimization
• Founder of Best Blends (Veda Brew) India: Developed a premium tea brand, established supply chains, and drove digital growth through data-led strategies
• Supply Chain Analyst: Experience in data analysis and inventory optimization

Her expertise spans supply chain strategy, process improvement, business development, and strong leadership capabilities.

Regulatory Compliance

The appointments have been made pursuant to Regulation 30 of SEBI (Listing obligation and disclosure requirements) Regulations, 2015. Both appointees are immediate relatives of existing directors. The detailed profiles and appointment information are available on the company's website and the BSE website as per regulatory requirements.

Amarnath Securities Limited has issued a comprehensive postal ballot notice seeking shareholders' approval for multiple corporate governance and financial restructuring initiatives. The notice, dated March 25, 2026, outlines four significant resolutions that require member approval through remote e-voting.

Director Appointments and Designation Changes

The company proposes two key leadership changes to strengthen its board composition. The first resolution seeks approval for changing Mr. Rajendrabhai Ramanbhai Patel's designation from Additional Director to Executive Whole-Time Director for a five-year term effective December 02, 2025.

Mr. Patel brings extensive entrepreneurial experience as a proprietor of an automobile business, with strong expertise in business operations, customer service, and agricultural practices. His background includes guiding local farmers on crop planning and productivity improvement, reflecting his commitment to community-driven growth.

The second resolution involves changing Mr. Kaustubh Pramod Joshi's designation from Additional Director to Non-Executive Independent Director for a five-year term until December 01, 2030.

Mr. Joshi is an experienced legal and corporate professional with over a decade of exposure across banking, education, and corporate advisory domains. His career includes associations with reputed organizations such as HDFC Bank, Amul, and Rustomjee Academy.

Statutory Auditor Appointment

The third resolution proposes appointing M/s. H K Shah & Co., Chartered Accountants (Firm Registration No. 109583W) as statutory auditors for a five-year period from FY 2025-26 to FY 2029-30. The audit firm, originally started in 1981, has extensive experience with various industries listed on BSE and NSE, including national and state-level government PSUs and corporations.

Loan Conversion into Equity

The most significant financial resolution involves converting outstanding loans into equity shares to strengthen the company's capital structure and improve its debt-equity ratio.

The conversion involves 13 non-promoter group allottees, with the largest allocation going to Shakti Parekh (65,000 shares) and several others receiving 50,000 shares each, including Munish A. T, Pritam Dham, and Gunjan Singh. Post-allotment, these investors will collectively hold 9.53% of the company's equity.

Voting Process and Timeline

The remote e-voting process will be conducted exclusively through electronic means, with no physical postal ballot forms being distributed. Bigshare Services Private Limited has been appointed as the e-voting service provider.

Mr. Shravan Gupta, a practicing Company Secretary, has been appointed as the scrutinizer to ensure fair and transparent conduct of the postal ballot process. The results will be announced within 48 hours of receiving the scrutinizer's report and will be made available on the company's website and communicated to BSE Limited.

Shareholders whose email addresses are registered with the company, RTA, or depositories as of the cut-off date will receive the postal ballot notice electronically. The company has emphasized its commitment to the 'Green Initiative' by conducting the entire process digitally.