StockWatch
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Other Financial Services
Management Change18 Jul 2026, 01:00 pm

Escorp Asset Management Appoints Two Independent Directors, One Resigns

AI Summary

Escorp Asset Management Ltd announced board changes, appointing Mr. Ronak Jain and Mr. Arkesh Ayyagari as Additional Non-Executive Independent Directors for five-year terms, effective July 18, 2026, subject to shareholder approval. The company also accepted the resignation of Mr. Haresh Sanghvi as a Non-Executive Independent Director, effective July 18, 2026, due to professional commitments. Additionally, Mr. Darshit Parikh will cease to hold office as a Non-Executive Independent Director on July 25, 2026, upon completion of his second consecutive term. The company confirmed that the newly appointed directors are not debarred by any regulatory authorities.

Key Highlights

  • Two new independent directors appointed for five-year terms.
  • One independent director resigns due to professional commitments.
  • One director to complete second term and cease office.
  • Appointments are subject to shareholder approval.
  • New directors confirmed to be in compliance with SEBI regulations.