Amarnath Securities Ltd — Updates, 15-07-2025: Company Update

The company's board has approved the reclassification of Dr. Omkar Herlekar from a promoter to a public shareholder, subject to shareholder and stock exchange approvals. Concurrently, Mr. Omkar Herlekar resigned as a Non-Executive Non-Independent Director, citing an inability to contribute to the company's growth. The board also appointed Mr. Afzalkhan Usmankhan Afridi and Mr. Sanjay Rajkumar as Non-Executive Independent Directors for five-year terms. Both bring extensive experience in investment banking and corporate finance. An Extraordinary General Meeting will be convened to seek shareholder approval for these significant governance changes.