Rajesh Arora Appointed Additional Director as Non-Executive Independent Director
Mr. Rajesh Arora has been appointed as an Additional Director designated as a Non-Executive Independent Director, effective September 24, 2026, for a term of five consecutive years up to September 23, 2031.
By ScoutQuest · · 1 min read
- Appointment Effective Date
- September 24, 2026
- Director Term
- Five consecutive years up to September 23, 2031
- Director Type
- Non-Executive Independent Director
- Regulatory Approvals
- NSE, BSE, MCX, MSEI, NCDEX and NSE Clearing Limited approvals received
- Shareholder Approval Required
- Within three months from date of appointment
What was announced
The Company has received the requisite approvals from NSE, BSE, MCX, MSEI, NCDEX and NSE Clearing Limited for the appointment of Mr. Rajesh Arora as an Additional Director designated as a Non-Executive Independent Director.
Key terms
- Effective from the date of receipt of approvals, i.e. September 24, 2026, with the final approval received at approximately 07:00 p.m.
- Term of five consecutive years, up to September 23, 2031.
- Subject to approval of the shareholders, to be sought at the next general meeting or within three months from the date of appointment, whichever is earlier.
- It is confirmed that Mr. Rajesh Arora is not debarred from holding the office of Director by any order of SEBI or any other statutory or regulatory authority.
Context
This follows the Company's earlier disclosure dated September 03, 2026, in which the detailed disclosure on the appointment was already made. As a broking and market-intermediary business, the Company requires exchange and clearing corporation approval before such a board appointment takes effect.
How to read it
This is a board composition update. Independent directors take part in board oversight and committee work but are not involved in day-to-day management.
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More numbers
- Term of appointmentfive consecutive years
- Time limit for shareholder approvalthree months
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