Share India Securities Limited announced that Mr. Subhash Chander Kalia has resigned from the position of Non-Executive Independent Director effective June 02, 2026. The resignation was disclosed to the exchanges under Regulations 30 and 51 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Consequently, Mr. Kalia has ceased to be a member of the Audit Committee and the Chairperson of the Stakeholders Relationship Committee of the company.

The Board of Directors placed on record its appreciation for the contributions and guidance provided by Mr. Kalia during his tenure. The company confirmed that there are no material reasons for the resignation other than those expressly stated in his resignation email dated June 02, 2026. The detailed reasons for the resignation were received at 5:14 p.m. on June 02, 2026.

Mr. Kalia holds directorships in other listed entities, including Bharat Wire Ropes Limited and PNC Infratech Limited. In Bharat Wire Ropes Limited, he serves as an Independent Director and is a member of the Audit Committee, Nomination and Remuneration Committee, Risk Management Committee, and Corporate Social Responsibility Committee, while also chairing the Stakeholder Relationship Committee. At PNC Infratech Limited, he is an Independent Director and a member of the Nomination and Remuneration Committee.

Share India Securities Limited has approved the appointment and re-appointment of two Non-Executive Independent Directors for a term of five consecutive years through a postal ballot process. The resolutions, passed with a requisite majority, strengthen the company's governance framework with the inclusion of experienced professionals.

The remote e-voting process commenced on April 22, 2026, and concluded on May 21, 2026. The scrutinizer submitted the report confirming the outcome on May 23, 2026. The company affirmed that the appointed and re-appointed directors are not debarred from holding the office of director by virtue of any SEBI order or any other authority.

Appointment Details

The members approved the appointment of Mr. Arun Kumar Jain (DIN: 07563704) and the re-appointment of Mr. Piyush Mahesh Khandelwal (DIN: 06951293). Mr. Jain's appointment is effective from March 05, 2026, while Mr. Khandelwal's re-appointment is effective from March 03, 2026.

Voting Results

The scrutinizer's report confirmed that both resolutions were passed with the requisite majority. The table below summarizes the voting details:

Director Profiles

Mr. Arun Kumar Jain is a distinguished professional with extensive experience in taxation, finance, and corporate governance. He holds M.Sc. and LL.B. degrees and served in the Indian Revenue Service (IRS), including as Chairman of the Central Board of Direct Taxes (CBDT). He currently serves on the boards of GHCL Limited, M R. Technofin Consultants Private Limited, and India Pesticides Limited.

The table below summarizes the key details of the appointments:

Regulatory Compliance

The disclosures were made in compliance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.