Rajasthan Securities Bifurcates Chairman & MD Roles

Rajasthan Securities Ltd announced a significant corporate restructuring following a Board of Directors meeting on August 19, 2026. The company has bifurcated the combined role of Chairman & Managing Director into two distinct positions: Chairman (Non-Executive) and Managing Director (Executive). Mr. Nikhilesh Khandelwal's designation has changed from Chairman & Managing Director & CEO to Managing Director & CEO, relinquishing his Chairman post. Concurrently, Mr. Ravindra Ramesh Maloo has been appointed as the new Chairman (Non-Executive) of the company, effective August 19, 2026. The Nomination and Remuneration Committee has also been reconstituted as part of these changes.