Maruti Securities Limited held a Board meeting on April 04, 2025, to discuss key changes within the company’s management structure. Following the meeting, several significant decisions were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the meeting’s outcome was disclosed to the Bombay Stock Exchange (BSE), with the BSE Script Code: 531319.

Key Outcomes of the Board Meeting

The board’s agenda was focused on important management appointments and the reconstitution of several committees. The major points from the meeting include:

1. Appointment of Mr. V. Guna Sekhar Reddy as Independent Director
   The Board has approved the appointment of Mr. V. Guna Sekhar Reddy (DIN: 10419356) as an Additional Non-Executive Independent Director. This appointment will be effective from April 04, 2025, for a term of five years, subject to approval from the shareholders at the next general meeting.
   Mr. Reddy is a Chartered Accountant with more than 10 years of experience in the fields of finance, audit, taxation, and corporate governance. He has previously advised several companies across diverse sectors, contributing to financial strategy, compliance, and risk management.
   Importantly, Mr. Reddy is not related to any director of the company as defined under the Companies Act, 2013, and has not been debarred by any regulatory authority from holding directorial positions.

2. Resignations Noted
   The Board has taken note of the resignations of the following individuals, all of which were effective from March 27, 2025:

   • Mr. Bade Srinivas - Resigned as Managing Director.

   • Mr. Vamsi Krishna Sripathi - Resigned as Director.

   • Mrs. B. Kavita - Resigned as Director.

   • Mr. Borra Arun - Resigned as Chief Financial Officer.
     These changes were previously announced on March 27, 2025.

3. Appointment of Mr. Pedinekaluva Rama Swamy Reddy as CFO
   The Board also approved the appointment of Mr. Pedinekaluva Rama Swamy Reddy, an existing Director, as the Chief Financial Officer (CFO) of the company, effective April 04, 2025. Mr. Reddy holds a Bachelor of Commerce (B.Com) degree from Sri Venkateswara University and has accumulated over 20 years of experience in accounting, finance, and taxation. His expertise in financial operations and tax compliance will contribute significantly to the company’s financial management.
   Mr. Reddy’s appointment as Key Managerial Personnel (KMP) further solidifies his role in overseeing the financial health and strategic growth of the company.

4. Reconstitution of Committees
   The Audit Committee, Nomination & Remuneration Committee, and Shareholders Relationship Committee of the company were reconstituted with immediate effect on April 04, 2025. These changes are part of the company’s broader restructuring efforts to improve corporate governance and operations.

Impact on the Company’s Governance Structure

The appointments of Mr. V. Guna Sekhar Reddy and Mr. Pedinekaluva Rama Swamy Reddy represent significant strategic moves to enhance the company’s leadership in line with evolving corporate governance standards. Mr. Reddy’s role as an independent director will strengthen the Board’s decision-making with his extensive expertise in corporate governance and risk management. Meanwhile, Mr. Reddy’s promotion to CFO ensures that financial stewardship remains strong under the guidance of an experienced professional.

Why This Matters to Stakeholders

These updates reflect the company's commitment to maintaining a robust corporate governance structure and ensuring continuity at the top management level. The reconstitution of the committees further demonstrates the company's effort to maintain a high level of oversight and transparency.

For shareholders, the appointment of independent directors and key managerial personnel is a signal of strong governance practices. Furthermore, these changes are likely to improve the company’s financial management, tax compliance, and overall strategic direction, reinforcing its position in the market.

Conclusion

The Board meeting of Maruti Securities Limited on April 04, 2025, has paved the way for significant changes in the company’s leadership and governance structure. With the appointments of Mr. V. Guna Sekhar Reddy as independent director and Mr. Pedinekaluva Rama Swamy Reddy as CFO, the company is poised for continued growth and improved financial oversight. Investors and stakeholders can look forward to a strengthened corporate structure and enhanced governance as Maruti Securities moves ahead with its business operations.

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