Escorp Asset Management Ltd Announces Changes in Independent Director Positions
On Saturday, July 18, 2026, the Board of Directors of Escorp Asset Management Ltd approved several changes regarding its Independent Directors, following recommendations from the Nomination and Remuneration Committee. These changes include two new appointments and two resignations within the company's independent director body.The board decisions included the appointment of Mr Ronak Jain and Mr Arkesh Ayyagari as Additional Non-Executive Independent Directors. Both appointments are effective from July 18, 2026, for a term of five years, subject to shareholder approval at the ensuing general meeting.
Additionally, the company accepted the resignation of Mr Haresh Sanghvi, who stepped down from his role as a Non-Executive Independent Director with effect from July 18, 2026, citing pre-occupation and other professional commitments. Furthermore, Mr Darshit Parikh is set to cease holding office as a Non-Executive Independent Director effective July 25, 2026, upon the completion of his second consecutive term.
Details on New Appointments
The appointments were detailed across several annexures provided by the company. Mr Ronak Jain, who holds DIN:07128477, was appointed as an Additional Non-Executive Independent Director. His professional profile includes being a Practising Chartered Accountant with over a decade of experience in areas such as audit, taxation, financial reporting, and regulatory compliance.Mr Arkesh Ayyagari (DIN:11836458) has also been appointed as an Additional Non-Executive Independent Director. Mr Ayyagari is identified as an Advocate holding qualifications including B.Com. LL.B., and LL.M., specializing in areas such as arbitration, banking and financial litigation, and property transactions.
Changes Regarding Resignations and Cessation of Office
The company confirmed the departure of two directors. Mr Haresh Sanghvi (DIN: 00006301) resigned from his position as a Non-Executive Independent Director effective July 18, 2026. The resignation letter indicated that no material reasons other than those stated were for the step down.Mr Darshit Parikh (DIN: 03492803) will cease to hold office as a Non-Executive Independent Director on July 25, 2026, upon finishing his second consecutive term.
Directors' Details Summary
The key personnel movements and their related roles are detailed below in the provided records:| Director Name | Appointment/Cessation Date | Term Length | Status |
|---|---|---|---|
| Ronak Jain (DIN:07128477) | July 18, 2026 | Five years | Additional Non-Executive Independent Director |
| Arkesh Ayyagari (DIN:11836458) | July 18, 2026 | Five years | Additional Non-Executive Independent Director |
| Darshit Parikh (DIN: 03492803) | Cessation effective July 25, 2026 | N/A | Ceasing as Non-Executive Independent Director |
| Haresh Sanghvi (DIN: 00006301) | Resigned July 18, 2026 | N/A | Resignation of Non-Executive Independent Director |
Excorp Asset Management Ltd confirmed that Mr Ronak Jain and Mr Arkesh Ayyagari have not been debarred from holding the office of Director by any order issued by SEBI or other authorities.
Stock Price Movement
On Friday, Escorp Asset Management Ltd shares edged higher to close at ₹102.05, marking a gain of 1.63%. The stock traded within a range that spanned from a low of ₹99.05 to a high of ₹103.95 during the trading 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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