Vikalp Securities Appoints New Managing Director and CFO in Strategic Leadership Reshuffle

Vikalp Securities Limited has announced significant changes to its leadership team, marking a new chapter in the company's strategic direction. The board of directors, in a meeting held on July 25, 2025, approved two key appointments that are set to steer the company's future course.

New Managing Director

Mr. Dipakkumar Ganeshbhai Patel, previously serving as a Non-Executive Director, has been appointed as the Managing Director of Vikalp Securities. This appointment, effective July 25, 2025, comes with a five-year term, subject to shareholder approval at the next general meeting.

Mr. Patel's elevation to this crucial role signifies the board's confidence in his leadership abilities and vision for the company. It's worth noting that Mr. Patel has a familial connection within the company's leadership, as he is married to Kamuben Dipakkumar Patel, who currently serves as a Director of Vikalp Securities.

Chief Financial Officer Appointment

In another strategic move, the company has brought on board Mr. Rajesh B. Kshatriya as the new Chief Financial Officer (CFO), also effective from July 25, 2025. Mr. Kshatriya brings a wealth of experience to this role, with his appointment aimed at strengthening the company's financial leadership.

Mr. Kshatriya's educational background includes an M.Com degree from Gujarat University. His professional experience is both extensive and diverse, spanning over two decades across different industries:

• Over 23 years of experience in the aluminum industry, specializing in project planning, handling, and management.
• More than 25 years of experience in the dyes and chemicals sector.

This multi-faceted perspective is expected to add significant value to his role as CFO.

Board Approval and Compliance

Both appointments were made based on recommendations from the Nomination and Remuneration Committee, underscoring the company's commitment to proper corporate governance practices. The board meeting that confirmed these appointments:

• Commenced at: 6:30 PM
• Concluded at: 7:00 PM

These leadership changes have been duly reported to the BSE Limited, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As Vikalp Securities Limited embarks on this new phase with fresh leadership at the helm, stakeholders will be keenly watching how these appointments influence the company's strategic direction and performance in the coming years.