Ranjit Securities Ltd. has successfully concluded its board meeting held on April 4, 2026, at 11:00 A.M. at the company's registered office located at 317-318, Transport Nagar, Scheme No. 44, Indore, Madhya Pradesh. The meeting, which concluded at 11:45 A.M., addressed critical corporate governance matters and resulted in significant appointments and reappointments.

Key Board Decisions

The board meeting resulted in several important decisions that will shape the company's leadership and governance structure:

Statutory Auditor Appointment

The board has appointed M/s Ritesh Talreja & Associates, Chartered Accountants (Firm Registration No. 017981C) as the company's new statutory auditors to fill the casual vacancy caused due to resignation of the previous statutory auditor. The appointment is made pursuant to Section 139(8) of the Companies Act, 2013, and the auditors shall hold office from the conclusion of the board meeting till the conclusion of the ensuing Annual General Meeting, subject to approval of shareholders.

The firm is registered with the Institute of Chartered Accountants of India (ICAI) and has experience in audit and assurance services, including statutory audits of companies and NBFCs. The firm has confirmed its independence and absence of any disqualification under Section 141 of the Companies Act, 2013.

Leadership Continuity

In significant moves to ensure leadership stability, the board has reappointed key leadership positions:

Chairman & Managing Director Reappointment

Mr. Harman Singh Hora (DIN: 00209317) has been reappointed as Chairman & Managing Director effective April 1, 2026, until March 31, 2031, subject to shareholder approval. The board confirmed that Mr. Hora satisfies the criteria prescribed under the Companies Act, 2013, and SEBI Listing Regulations, and is not debarred from holding the office by any regulatory authority.

Independent Director Reappointment

Mr. Mohammad Akhtar (DIN: 07771477) has been reappointed as Independent Director for the same term from April 1, 2026, to March 31, 2031, subject to shareholder approval. The board confirmed his compliance with prescribed criteria and absence of any regulatory debarment.

Regulatory Compliance

The meeting and subsequent announcements have been conducted in compliance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed information pursuant to SEBI circulars SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, and SEBI/HO/CFD/PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring transparency and timely disclosure of material events to investors and stakeholders.

Ranjit Securities Limited has announced the resignation of its statutory auditor M/s NM Rathi & Associates, Chartered Accountants, effective March 30, 2026. The company informed BSE Limited about this development in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Details and Resignation

M/s NM Rathi & Associates (Firm Registration No. 013578C) submitted their resignation citing unavoidable personal reasons. The auditing firm, led by Partner Nirmesh Rathi (Membership No. 406160), stated they are not in a position to devote time to the company's affairs.

Timeline and Appointment Details

The statutory auditor was appointed on January 17, 2026, with their term scheduled to expire at the Annual General Meeting for FY 2026. The resignation comes shortly after their appointment, with the auditor confirming that no audit report was submitted prior to resignation.

Regulatory Compliance and Declaration

In accordance with SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, the auditor provided detailed information regarding the resignation. The auditor confirmed that:

• No concerns were raised prior to resignation
• No information requests were denied by management
• Alternative audit procedures were performed as per SA 705 (Revised)
• No material reasons exist beyond those disclosed

Next Steps

Ranjit Securities Limited, through Managing Director Harman Singh Hora (DIN: 00209317), confirmed that the company will take necessary steps to fill the casual vacancy. The appointment of a new statutory auditor will be conducted in accordance with the provisions of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.

The company has assured that it will inform the stock exchange about the new auditor appointment in due course. This ensures continuity in statutory audit functions and compliance with regulatory requirements.