NDA Securities Limited Announces Resignation of Independent Director Akshay Saxena

NDA Securities Limited has announced the resignation of Mr. Akshay Saxena from his position as Independent Director, effective March 23, 2026. The company informed stock exchanges about this development in compliance with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Akshay Saxena, holding Director Identification Number (DIN) 10558168, tendered his resignation citing personal reasons that prevented him from fulfilling his directorial responsibilities effectively. The resignation was formally communicated to the company's board and subsequently disclosed to regulatory authorities.

Parameter:	Details
Director Name:	Mr. Akshay Saxena
DIN:	10558168
Position:	Independent Director
Effective Date:	March 23, 2026
Reason:	Personal reasons including health issues and family matters

Reasons for Resignation

In his resignation letter, Mr. Saxena explained that he had been navigating severe, ongoing health issues alongside urgent family matters requiring his absolute attention. He acknowledged his unavailability and non-responsiveness, expressing regret for any compliance concerns his absence may have caused the company. The director stated he was not in a position—physically or mentally—to fulfill his responsibilities as an Independent Director.

Mr. Saxena confirmed to the company that there are no material reasons for his resignation other than the personal circumstances mentioned above. He apologized for the disruption caused and described his resignation as the most responsible course of action to ensure the company remains compliant with statutory obligations.

Regulatory Compliance

The company has fulfilled its disclosure obligations by filing the necessary intimation under Regulation 30 of SEBI (LODR) Regulations, 2015. Company Secretary Shalini Chauhan (ACS-71998) signed the regulatory filings on March 30, 2026. The resignation letter and required annexures were submitted to BSE Limited and other relevant authorities.

Company Operations

NDA Securities Limited operates from its registered office in Pitampura, New Delhi, with an additional office in Mumbai. The company is a member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited, and National Securities Depository Limited. The resignation does not appear to impact the company's ongoing business operations or compliance status.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.93%	-1.92%	-2.61%	-8.59%	+24.17%	+531.36%

NDA Securities Limited successfully conducted its 2nd Extraordinary General Meeting on March 16, 2026, through video conferencing, and has now submitted the complete voting results to BSE on March 18, 2026, confirming the approval of both special resolutions with overwhelming shareholder support.

Meeting Structure and Voting Process

The EGM was conducted through Video Conferencing and Other Audio Visual Means in full compliance with the Companies Act, 2013, and relevant circulars issued by the Ministry of Corporate Affairs and SEBI. The meeting was held at 04:00 P.M. (IST) and chaired by Mr. Gaurav Jindal, with directors and statutory auditor representatives in attendance.

The company provided comprehensive voting facilities to shareholders through a structured e-voting process:

Voting Method:	Timeline
Remote E-voting Period:	March 13, 2026 at 9:00 A.M. to March 15, 2026 at 5:00 P.M.
E-voting Platform:	National Securities Depository Limited
Meeting Duration:	4:00 P.M. to 4:35 P.M. on March 16, 2026
Additional Voting Time:	15 minutes post-meeting for non-remote voters

Voting Results and Shareholder Participation

Both special resolutions were overwhelmingly approved by shareholders, demonstrating strong confidence in the company's strategic initiatives. The detailed voting results show exceptional participation rates:

Resolution Details:	Total Votes	Votes in Favour	Votes Against	Approval Rate
Equity Shares Issuance on Preferential Basis:	4,449,898	4,449,730	168	99.996%
Increase in Borrowing Limits:	4,449,898	4,449,730	168	99.996%
Total Shares Outstanding:	5,948,364	-	-	-
Voting Participation Rate:	74.81%	-	-	-

Category-wise Voting Breakdown

The voting pattern across different shareholder categories revealed strong support from both promoter and public shareholders:

Shareholder Category:	Shares Held	Votes Polled	Participation Rate	Approval Rate
Promoter and Promoter Group:	3,499,014	3,499,004	99.9997%	100.00%
Public Non-Institutions:	2,449,350	950,894	38.82%	99.98%
Public Institutions:	0	0	0.00%	0.00%

Scrutinizer Report and Compliance

CS Chetan Prasad of M/s. C. Prasad & Co., Practicing Company Secretaries, served as the appointed scrutinizer and submitted his report on March 17, 2026. The scrutinizer confirmed that both special resolutions were passed with the requisite majority, as the votes in favour exceeded three times the votes cast against for each resolution.

Company Secretary and Compliance Officer Shalini Chauhan (ACS-71998) submitted the complete voting results and scrutinizer report to BSE Limited on March 18, 2026, ensuring full regulatory compliance under Regulation 44 of the SEBI Listing Regulations. The submission included detailed annexures with comprehensive voting data and the official scrutinizer's report, maintaining transparency in corporate governance practices.