Ratnakar Securities Limited Appoints New Company Secretary Following Board Meeting
Ratnakar Securities Limited appointed Mr. Aditya Darshankumar Pancholi (Membership No. A75493) as Company Secretary effective April 10, 2026, following a Board meeting held the same day. The appointment comes after Mr. Harshil Shah resigned from the position on March 30, 2026, to pursue external career opportunities. Both individuals are qualified Company Secretaries from ICSI, ensuring continuity in corporate governance standards. The company has complied with all SEBI disclosure requirements for the leadership transition.
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Ratnakar Securities Limited (formerly known as Mangalya Soft-Tech Limited) announced significant changes in its key managerial personnel following a Board of Directors meeting held on April 10, 2026. The company has appointed a new Company Secretary while accepting the resignation of the incumbent, marking an important transition in its corporate governance structure.
Board Meeting Outcomes
The Board of Directors convened on Friday, April 10, 2026, at 01:30 PM at the company's registered office located at Shop-304, "Sankalp Square-2", Nr. Delux Appartment, Nr. Kalgi Char Rasta, Jalaram Temple, Paldi, Ahmedabad-380006. The meeting, which concluded at approximately 02:00 PM IST, addressed several key agenda items related to the Company Secretary position.
| Decision: | Details |
|---|---|
| New Appointment: | Mr. Aditya Darshankumar Pancholi |
| Membership Number: | A75493 |
| Effective Date: | April 10, 2026 |
| Resignation Accepted: | Mr. Harshil Shah |
| Meeting Duration: | 01:30 PM to 02:00 PM IST |
New Company Secretary Profile
Mr. Aditya Darshankumar Pancholi has been appointed as the new Company Secretary of Ratnakar Securities Limited. He is a qualified Company Secretary from the Institute of Company Secretaries of India (ICSI) and holds membership number A75493. His appointment became effective on April 10, 2026, ensuring continuity in the company's statutory compliance and corporate governance functions.
Outgoing Company Secretary Details
Mr. Harshil Shah, the outgoing Company Secretary, submitted his resignation letter on March 30, 2026, expressing his intention to pursue career opportunities outside the company. Mr. Shah, who holds ICSI membership number A65732 and ECSIN RA065732F000061849, served the company in his capacity as a Key Managerial Personnel.
| Parameter: | Mr. Harshil Shah Details |
|---|---|
| Resignation Date: | March 30, 2026 |
| Effective Cessation: | April 10, 2026 |
| Membership Number: | A65732 |
| ECSIN: | RA065732F000061849 |
| Reason: | Career opportunities outside the company |
In his resignation letter, Mr. Shah expressed gratitude to the Board of Directors, Chief Financial Officer, Senior Management, and colleagues for their support and cooperation during his tenure as Company Secretary.
Regulatory Compliance
The company has fulfilled all disclosure requirements under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made in compliance with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015, which pertains to the appointment of Company Secretary of listed entities. The Board meeting was duly signed and approved by Managing Director Ajay Jayantilal Shah (DIN: 00023582), ensuring proper authorization and documentation of the decisions made.
What strategic initiatives might the new Company Secretary implement to strengthen Ratnakar Securities' corporate governance framework?
How could this leadership transition impact the company's regulatory compliance costs and operational efficiency in the coming quarters?
Will Ratnakar Securities consider additional key management appointments to support its business expansion plans following this personnel change?
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