On January 17, 2025, the Board of Directors of Amarnath Securities Limited convened and approved several important resolutions, including changes in the Board structure and reclassification of shareholders in accordance with SEBI Listing Regulations.

1. Reclassification of Dr. Omkar Herlekar: The Board discussed and approved the request from Dr. Omkar Herlekar to move from the Promoter category to the Public category shareholder. This change is subject to the approval of shareholders and the BSE Limited, in line with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.

2. Appointment of Additional Directors: The Board approved the appointment of two new Non-Executive Independent Directors, Mr. Afzalkhan Usmankhan Afridi and Mr. Sanjay Rajkumar, both with significant experience in investment banking and corporate finance advisory. Their appointments are for a term of five years from January 17, 2025, and will be subject to approval at the upcoming General Meeting.

3. Resignation of Omkar Herlekar: The Board accepted the resignation of Omkar Herlekar as Non-Executive Non-Independent Director, citing his inability to contribute effectively to the growth of the company. The resignation was effective immediately, and no further material reasons were provided beyond those mentioned in his resignation letter.

4. Extraordinary General Meeting (EGM): The Board approved the notice for an EGM to be held on February 20, 2025, to seek shareholder approval for the above changes, including the reclassification of Dr. Omkar Herlekar and the appointments of the new independent directors.

In compliance with SEBI regulations, the company has made this information available on both its official website and the BSE platform.

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