Palash Securities Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The certificate covers the quarter ended March 31, 2026, and confirms the company's adherence to dematerialisation procedures.

Regulatory Compliance Filing

Company Secretary Vikram Kumar Mishra filed the certificate with both National Stock Exchange of India Limited and BSE Limited on April 3, 2026. The submission includes documentation from the company's registrar and share transfer agent, MUFG Intime India Private Limited, confirming compliance with Regulation 74(5) requirements.

Exchange Submissions

The compliance certificate was submitted to both major Indian stock exchanges where Palash Securities maintains its listing. The company trades under specific identifiers on each platform, ensuring proper regulatory oversight of its depository operations.

Registrar Confirmation

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, issued the compliance certificate on April 2, 2026. Vice President – Corporate Registry Ashok Shetty confirmed that all securities received from depository participants during the quarter were properly processed according to regulatory timelines.

The registrar's certificate confirms that securities received for dematerialisation were appropriately accepted or rejected, with security certificates being mutilated and cancelled after verification. The depository names were substituted in the register of members as registered owners within prescribed timelines, ensuring complete compliance with SEBI regulations.

Corporate Information

Palash Securities Limited operates from its registered office in Hargaon, District Sitapur, Uttar Pradesh. The company maintains its corporate identification number L74120UP2015PLC069675 and provides investor services through established communication channels including dedicated phone lines and email support.

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.