Escorp Asset Management Board Approves Key Director Appointments and Notifies Resignations
The Board of Directors of Escorp Asset Management Ltd, in a meeting held on July 18, 2026, approved several changes concerning its independent directors. These decisions were made based on the recommendation of the Nomination and Remuneration Committee.Key appointments and departures noted by the company include:
- New Appointments: Mr Ronak Jain (DIN:07128477) and Mr Arkesh Ayyagari (DIN: 11836458) were appointed as Additional Non-Executive Independent Directors for a period of five years, effective from July 18, 2026, subject to shareholder approval at the ensuing general meeting.
- Cessation of Directorship: Mr Darshit Parikh (DIN: 03492803) will cease holding office as a Non-Executive Independent Director upon completion of his second consecutive term, effective July 25, 2026.
- Resignation Acceptance: The resignation of Mr Haresh Sanghvi (DIN: 00006301) as a Non-Executive Independent Director was accepted with effect from July 18, 2026, citing pre-occupation and other professional commitments.
The company's Board Meeting commenced at 10:30 A.M. and concluded at 12:30 P.M.
Profiles of Newly Appointed Directors
Detailed information regarding the newly appointed directors is provided below:Mr Ronak Jain (DIN:07128477)
Mr Ronak Rajendra Jain has been appointed as an Additional Non-Executive Independent Director. He is a Practicing Chartered Accountant and Proprietor of M/s. Ronak Jain & Associates, possessing over a decade of experience in audit, taxation, financial reporting, regulatory compliance, and investment banking. He holds expertise in finance, accounting, corporate governance, and compliance and is also a partner in SSKA & CO., a Chartered Accountant Firm. His appointment is subject to shareholder approval.
Mr Arkesh Ayyagari (DIN: 11836458)
Mr Arkesh Ayyagari has been appointed as an Additional Non-Executive Independent Director. He is an Advocate with qualifications including B.Com. LL.B., and LL.M. His specializations cover arbitration, banking and financial litigation, SARFAESI matters, property transactions, contract drafting and vetting, legal audits, and blockchain technology.
Directorship Changes Summary
The following table summarizes the changes in the independent director positions:| Change Type | Director Name (DIN) | Effective Date | Duration/Status |
|---|---|---|---|
| Appointment | Mr Ronak Jain (07128477) | July 18, 2026 | For five years (subject to approval) |
| Appointment | Mr Arkesh Ayyagari (11836458) | July 18, 2026 | For five years (subject to approval) |
| Cessation of Term | Mr Darshit Parikh (03492803) | July 25, 2026 | Upon completion of second consecutive term |
| Resignation Acceptance | Mr Haresh Sanghvi (00006301) | July 18, 2026 | Due to pre-occupation and professional commitments |
Stock Price Movement
Escorp Asset Management Ltd settled at ₹102.05 on Friday, edging up 1.04% from the previous close. The shares traded within a range defined by a low of ₹99.05 and a high of ₹103.95 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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