Palash Securities Limited has announced significant leadership changes with the appointment of Mr. Suraj Kumar Agrawal as Managing Director, following the completion of Mr. Chand Bihari Patodia's three-year tenure. The company's Board of Directors approved these changes during a meeting held on March 30, 2026.

Leadership Transition Details

The Board took note of Mr. Chand Bihari Patodia's (DIN: 01389238) cessation as Managing Director and Key Managerial Personnel with effect from the close of business hours on March 29, 2026. His three-year tenure had commenced on March 30, 2023.

New Managing Director Profile

Mr. Suraj Kumar Agrawal brings over 21 years of extensive experience across diverse domains of finance and accounting. His core areas of expertise include Financial Planning & Analysis, Budgeting and Forecasting, Financial Reporting, Variance Analysis, Risk Management, Cost Accounting, Statutory Compliance, Audit, and Internal Controls.

He has strengthened his professional credentials by completing specialized certification courses in Forensic Audit & Fraud Detection and Financial Risk Analysis from the Institute of Chartered Accountants of India (ICAI). The company confirmed that Mr. Agrawal is not debarred from holding the office of Managing Director by SEBI or any other authority.

Audit Committee Reconstitution

Consequent upon Mr. Patodia's cessation from the Board, the Audit Committee was reconstituted with effect from March 30, 2026. Mr. Suraj Kumar Agrawal has been included as a Member of the Audit Committee pursuant to Regulation 18 of Listing Regulations.

Regulatory Compliance and Authorization

The Board has authorized three Key Managerial Personnel to act jointly for determining materiality of events and making disclosures to stock exchanges under Regulation 30. The authorized personnel include Mr. Suraj Kumar Agrawal (Managing Director), Mr. Deepak Kumar Sharma (Chief Financial Officer), and Mr. Vikram Kumar Mishra (Company Secretary).

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and referenced SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The Board meeting commenced at 4:00 p.m. and concluded at 4:30 p.m. on March 30, 2026.

Palash Securities Limited has announced that its Board of Directors will convene on February 13, 2026, to review and approve the company's quarterly financial performance. The meeting has been scheduled in accordance with regulatory requirements under SEBI listing obligations.

Board Meeting Details

The company has formally notified stock exchanges about the upcoming board meeting through an official communication dated February 4, 2026. The meeting agenda focuses on the consideration and approval of unaudited financial results for a specific reporting period.

Regulatory Compliance

The board meeting notice has been issued pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where financial results will be considered.

Stock Exchange Communication

Palash Securities Limited has sent formal notifications to both major Indian stock exchanges regarding the scheduled board meeting. The company trades on NSE under the symbol PALASHSECU and on BSE with stock code 540648.

Company Information

The communication was signed by Vikram Kumar Mishra, Company Secretary (FCS: 11269), and digitally authenticated on February 4, 2026. The company is incorporated under CIN L74120UP2015PLC069675 with its registered office located in Hargaon, District Sitapur, Uttar Pradesh.