Shardul Securities Limited has announced the appointment of Mrs. Anshu Agarwal as Additional Non-Executive Independent Director, marking a significant addition to its board leadership. The appointment was approved by the Board of Directors for a three-year term effective December 20, 2025, subject to shareholder approval.

Appointment Details

The board meeting, which commenced at 4:00 PM and concluded at 6:00 PM on December 19, 2025, formally approved Mrs. Agarwal's appointment. The appointment becomes effective from December 20, 2025, and is subject to approval by the company's shareholders.

Director Profile and Qualifications

Mrs. Anshu Agarwal brings substantial expertise to the board as a Practicing Company Secretary with impressive academic credentials. She holds a B.Com. degree and is a Law graduate, along with being a Fellow Member of the Institute of Company Secretaries of India (ICSI).

Professional Experience

Mrs. Agarwal's professional background spans over 20 years in the corporate sector, with specialized experience in:

• Corporate laws and regulatory compliance
• Mergers and acquisitions
• Fund-raising activities
• Regulatory and governance advisory services

Corporate Governance Compliance

The appointment adheres to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Mrs. Agarwal is not debarred from holding the office of Independent Director by virtue of any SEBI order or other regulatory authority.

The disclosure also confirms that Mrs. Agarwal is not related to any other directors of the company, ensuring independence in her role. This appointment strengthens the company's board composition and enhances its corporate governance framework.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI regulations, with detailed disclosures provided as per the SEBI circular requirements. Shardul Securities has fulfilled all necessary regulatory obligations regarding the director appointment, ensuring transparency for stakeholders and market participants.

Shardul Securities Limited , a Base Layer Non-Banking Financial Company (NBFC), has reported a standalone net loss of Rs 3,789.28 lakhs for the quarter ended September 30, 2025, compared to a profit of Rs 2,585.85 lakhs in the same quarter last year. The company's performance was significantly impacted by net loss on fair value changes.

Financial Highlights

• Revenue: The total income for Q2 FY25 stood at Rs (3,981.17) lakhs, compared to Rs 3,657.39 lakhs in Q2 FY24.
• Fair Value Changes: A net loss on fair value changes of Rs 4,226.91 lakhs was the primary driver of the quarterly loss.
• Half-Year Performance: For the half-year period ended September 30, 2025, the company posted a profit of Rs 2,288.07 lakhs, down from Rs 11,976.08 lakhs in the previous year.

Key Financial Metrics

Board Decisions

In a meeting held on November 12, 2025, Shardul Securities' Board of Directors made two key appointments:

1. New Independent Director: Mr. Gyanchand Pipara has been appointed as an Additional Non-Executive Independent Director for a term of three years, effective November 12, 2025, subject to shareholder approval.

2. Executive Director Reappointment: Ms. Daya Bhalia has been reappointed as an Executive Director for a term of three months, effective November 14, 2025.

Company Overview

Shardul Securities Limited operates as a Non-deposit taking NBFC, classified under the Base Layer by the Reserve Bank of India. The company's primary focus is on holding, investing, and financing activities, with income generated through dividends, interest, and investment gains.

Despite the quarterly loss, Shardul Securities maintains a strong balance sheet with total assets of Rs 79,323.09 lakhs as of September 30, 2025, compared to Rs 60,665.40 lakhs at the end of the previous fiscal year.