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Other Financial Services
Board Meeting1 Oct 2026, 12:29 pm

Daulat Securities Board Approves MD Appointment, Property Monetisation

AI Summary

Daulat Securities Ltd held a board meeting on October 1, 2026, where several key decisions were made. The resignation of Managing Director Mr. Jitendra Kochar was noted, with the board discussing consequential matters. Mr. Dinesh Sharma was appointed as the new Chairman of the Audit Committee. The board also explored options for monetisation and optimal utilisation of the company's immovable properties, including development or redevelopment. Furthermore, Mr. Ajit Kochar was appointed as the new Managing Director, subject to shareholder ratification. The meeting commenced at 11:30 AM and concluded at 12:05 PM.

Key Highlights

  • Resignation of MD Mr. Jitendra Kochar noted.
  • Mr. Dinesh Sharma appointed as new Audit Committee Chairman.
  • Exploration of immovable property monetisation and utilisation.
  • Mr. Ajit Kochar appointed as new Managing Director, pending shareholder approval.