Shardul Securities Shareholders Approve Yogendra Chaturvedi's Re-appointment as Whole-time Director

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.80%	-4.61%	-7.32%	+8.35%	-53.58%	+436.38%

Shardul Securities Limited , a prominent player in the financial services sector, has announced the reappointment of Mr. Yogendra Chaturvedi as Whole-time Director for another five-year term. The decision, made by the company's Board of Directors, is subject to shareholder approval at the upcoming Annual General Meeting.

Key Details of the Reappointment

Term: Five years, effective from February 5, 2026
Current Position: Executive Director
Experience: Over two decades in financial markets

The reappointment comes as Mr. Chaturvedi's current term is set to expire on February 4, 2026. The decision was based on the recommendation of the Nomination and Remuneration Committee, highlighting the company's confidence in Mr. Chaturvedi's leadership and expertise.

Professional Background

Mr. Chaturvedi is described as an experienced finance professional with a strong track record in the financial markets. His extensive experience of over two decades positions him well to continue guiding Shardul Securities in its future endeavors.

Corporate Governance

The company has confirmed that Mr. Chaturvedi is not related to any other directors on the board. Additionally, Shardul Securities has stated that he is not debarred from holding the position of Whole-time Director by any regulatory authority, including SEBI.

Other Board Decisions

In the same board meeting, Shardul Securities also made several other key decisions:

Appointment of Secretarial Auditor: M/s. D Maurya & Associates, a Practicing Company Secretary firm, has been appointed as the Secretarial Auditor for a term of five financial years from FY 2025-26 to FY 2029-30, subject to shareholder approval.
Financial Results: The board approved the unaudited Standalone and Consolidated Financial results for the quarter ended June 30, 2025.
NBFC Category: The company has decided to continue operating under the existing NBFC Type-II category, following a strategic review.

These decisions reflect Shardul Securities' commitment to maintaining strong corporate governance practices and strategic planning for its future operations.

The reappointment of Mr. Chaturvedi and the other board decisions indicate Shardul Securities' focus on stability and continuity in its leadership, while also ensuring compliance with regulatory requirements and adapting to market conditions.