SKP Securities Limited Reports Demise of Independent Director Prof. Santanu Ray
SKP Securities Limited reported the demise of Prof. Santanu Ray (DIN: 00642736), Independent Director and Chairman of Audit Committee, who passed away on April 18, 2026. The company filed the mandatory regulatory disclosure on April 20, 2026, under SEBI LODR Regulations, describing his sudden passing as an irreparable loss and conveying condolences to his family.
*this image is generated using AI for illustrative purposes only.
SKP Securities Limited has announced the demise of Prof. Santanu Ray, who served as an Independent Director and Chairman of the Audit Committee. The company filed a regulatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing the BSE about this significant development.
Details of the Disclosure
The company submitted the mandatory intimation on April 20, 2026, addressing the Deputy General Manager (Listing) at BSE Limited. The disclosure was signed by Alka Khetawat, Company Secretary (Membership No: A47322), and included all required regulatory details as per SEBI guidelines.
| Particulars | Details |
|---|---|
| Director Name | Prof. Santanu Ray |
| DIN | 00642736 |
| Position | Independent Director and Chairman of Audit Committee |
| Date of Demise | April 18, 2026 |
| Disclosure Date | April 20, 2026 |
Company's Statement
SKP Securities described Prof. Santanu Ray's sudden and unexpected passing as an irreparable loss to the organization. The company expressed that all directors and employees convey their deep sympathy, sorrow, and condolences to his family during this difficult time.
Regulatory Compliance
The disclosure was made in accordance with Regulation 30 of the SEBI LODR Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company provided all mandatory details in the prescribed format, including the reason for cessation and the effective date.
Impact on Board Composition
With Prof. Santanu Ray's demise, SKP Securities will need to reconstitute its Audit Committee and consider the appointment of a new Independent Director to maintain compliance with corporate governance requirements. The company will likely announce further developments regarding board composition in due course.
Historical Stock Returns for SKP Securities
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.85% | -7.51% | +17.12% | -11.40% | -18.25% | +397.01% |
How quickly will SKP Securities need to appoint a new Independent Director to meet SEBI's minimum board composition requirements?
What impact might the temporary absence of an Audit Committee Chairman have on SKP Securities' upcoming financial reporting and compliance processes?
Will SKP Securities face any regulatory scrutiny or penalties if the Audit Committee reconstitution extends beyond prescribed timelines?
15
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
