NDA Securities Limited has announced the resignation of Independent Director Mr. Akshay Saxena, effective March 23, 2026, in compliance with regulatory disclosure requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details and Timeline

The company filed its disclosure on April 6, 2026, following an earlier intimation dated March 30, 2026. The resignation became effective on March 23, 2026, when Mr. Saxena submitted his formal resignation letter to the board.

Reasons for Resignation

In his resignation letter, Mr. Saxena cited health issues and personal matters as the primary reasons for his departure. He apologized for his unavailability and non-responsiveness, explaining that he had been navigating severe, ongoing health issues alongside urgent family matters requiring his absolute attention.

The director stated that due to these personal constraints, he was not in a position—physically or mentally—to fulfill his responsibilities as an Independent Director. He described his resignation as "the most responsible course of action to ensure the Company remains compliant and can proceed with its statutory obligations."

Regulatory Compliance and Confirmations

As required under Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015, and SEBI Circular dated July 13, 2023, NDA Securities received confirmation from Mr. Saxena stating there are no material reasons for resignation other than those mentioned in his resignation letter.

In his confirmation letter, Mr. Saxena reiterated that his decision to resign was solely due to personal circumstances and health-related challenges, with no other reasons influencing his resignation.

Current Directorships

Mr. Saxena disclosed his current directorship positions in other entities:

Company Actions

Following the resignation, Mr. Saxena requested the company to file necessary forms with the Ministry of Corporate Affairs (MCA) and notify the Stock Exchange and SEBI as per regulatory requirements. The company has submitted all required documentation, including the resignation letter and confirmation from the Independent Director, to the stock exchange for record.

The disclosure was signed by Company Secretary Shalini Chuahan (ACS-71998) on behalf of NDA Securities Limited, ensuring compliance with all regulatory obligations under the SEBI listing regulations.

NDA Securities Limited has announced significant board changes following its meeting held on April 04, 2026. The company approved key appointments including a new Chief Executive Officer and Independent Director, while also reconstituting its board committees in compliance with regulatory requirements.

CEO Appointment and Leadership Changes

The board approved the appointment of Mr. Ankit Gupta as Chief Executive Officer and Key Managerial Personnel, effective April 04, 2026. Mr. Gupta brings significant experience in financial management and corporate strategy, having previously served as Chief Financial Officer in his earlier organization.

Independent Director Resignation and New Appointment

The board formally acknowledged the resignation of Mr. Akshay Saxena from his position as Independent Director, effective March 23, 2026. In his resignation letter dated March 23, 2026, Mr. Saxena cited severe ongoing health issues alongside urgent family matters that prevented him from fulfilling his directorial responsibilities effectively.

To fill this vacancy, the board approved the appointment of Ms. Isha Rastogi as Non-Executive Independent Director for a term of five consecutive years, subject to shareholder approval. Ms. Rastogi is a finance professional with experience in accounting, auditing, taxation, and financial consultancy, having cleared the C.A. Professional Competence Examination and holding an MBA in Finance from Amity University.

Board Committee Reconstitution

Following the directorial changes, the board reconstituted three key committees effective April 04, 2026:

Audit Committee: Mr. Arun Kumar Mistry, Ms. Naina Singh, and Ms. Kajal Goel serve as members.

Nomination and Remuneration Committee: Comprises Mr. Ram Gopal Jindal, Ms. Isha Rastogi, and Ms. Naina Singh.

Stakeholders Relationship Committee: Includes Ms. Naina Singh, Ms. Isha Rastogi, and Mr. Arun Kumar Mistry.

Regulatory Compliance and Meeting Details

The board meeting commenced at 2:30 P.M. and concluded at 3:04 P.M. on April 04, 2026. Company Secretary Shalini Chauhan (ACS-71998) signed the regulatory filings in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015. The company confirmed that Ms. Isha Rastogi is not debarred from holding directorial positions by any regulatory authority.

NDA Securities Limited operates from its registered office in Pitampura, New Delhi, with an additional office in Mumbai, maintaining memberships with National Stock Exchange of India Limited, Bombay Stock Exchange Limited, and National Securities Depository Limited.