Shardul Securities Bolsters Leadership with New Independent Director and Executive Reappointment

Shardul Securities Limited , a prominent player in the financial services sector, has announced significant changes to its leadership team. The company's Board of Directors has approved two key appointments, signaling a strategic move to strengthen its governance and operational capabilities.

New Independent Director Appointment

Mr. Gyanchand Pipara has been appointed as an Additional Non-Executive Independent Director of Shardul Securities for a term of three years, effective November 12, 2025. This appointment is subject to shareholder approval.

Mr. Pipara brings a wealth of experience to the board, with over four decades of expertise in accounting, forensic accounting, auditing, and tax consultancy. As the founder of Pipara & Co LLP, a global accounting firm, Mr. Pipara has led high-impact forensic audits and investigations, contributing to corporate revival efforts. His extensive background includes providing expert consultation to premier government agencies such as the Central Bureau of Investigation (CBI), Serious Fraud Investigation Office (SFIO), and Indian Bank's Association (IBA).

Executive Director Reappointment

In addition to Mr. Pipara's appointment, the Board has reappointed Ms. Daya Bhalia as an Executive Director for a three-month term, commencing November 14, 2025. Ms. Bhalia, who also serves as the Company Secretary, has over a decade of experience in corporate law, securities law, and RBI regulations.

Board Meeting Details

The appointments were made during a Board meeting held on November 12, 2025, which commenced at 5:00 p.m. and concluded at 7:30 p.m. The Board also reviewed and approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025.

These strategic appointments come at a time when Shardul Securities is positioning itself for future growth and enhanced corporate governance. The diverse expertise of the new appointees is expected to contribute to the company's strategic direction and operational excellence.

Shareholders and market observers will be watching how these leadership changes influence the company's performance and strategic initiatives in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.68%	+3.55%	-19.65%	-14.09%	-57.39%	+349.76%

Shardul Securities Limited shareholders have approved the re-appointment of Mr. Yogendra Chaturvedi as Whole-time Director for another five-year term. The decision was made during the company's 40th Annual General Meeting (AGM) held on September 3, 2025, conducted through video conferencing.

Key Highlights

Mr. Chaturvedi's new term will begin on February 5, 2026, following the expiration of his current term on February 4, 2026.
The Board of Directors had initially approved his re-appointment at their meeting on July 29, 2025.
Chaturvedi, currently serving as Executive Director, is described as an experienced finance professional with over two decades of experience in financial markets.
The re-appointment resolution was passed as an Ordinary Resolution during the AGM.

Voting Results

The resolution for Mr. Chaturvedi's re-appointment received unanimous support from the voting shareholders. Here's a breakdown of the voting results:

Category	Votes Polled	Votes in Favour	% in Favour
Promoter and Promoter Group	36,576,952	36,576,952	100.00
Public Institutions	0	0	0.00
Public Non-Institutions	10,188,611	10,188,611	100.00
Total	46,765,563	46,765,563	100.00

Other AGM Proceedings

In addition to Mr. Chaturvedi's re-appointment, the AGM also addressed several other matters:

The shareholders adopted the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2025, along with the Reports of the Board of Directors and Auditors.
Ms. Daya Bhalia, who retired by rotation, was re-appointed as a director.
The appointment of a Secretarial Auditor was approved.

All resolutions presented at the AGM were passed with the requisite majority, demonstrating strong shareholder support for the company's decisions.

About Shardul Securities Limited

Shardul Securities Limited, listed on the Bombay Stock Exchange with the security code 512393, is a financial services company. The company's registered office is located in Mumbai, Maharashtra, India.

The re-appointment of Mr. Yogendra Chaturvedi, an industry veteran, signals the company's commitment to maintaining experienced leadership at the helm of its operations for the coming years.