Krishna Capital and Securities Ltd Appoints Nishant Darak as Additional Independent Director; Re-appoints Kalpesh Mehta
Krishna Capital and Securities Ltd announced key appointments and reappointments of independent directors following board meetings held in April 2026. The company approved the appointment of Mr. Nishant Darak and the re-appointment of Mr. Kalpesh Mehta to the board.Appointment of Nishant Darak
At its meeting held on April 08, 2026, the Board of Directors of Krishna Capital and Securities Ltd approved the appointment of Mr. Nishant Darak (DIN 11652306) as a Non-Executive Independent Director. This appointment is for a period of five years, spanning from April 08, 2026, to April 07, 2031, pending shareholder approval at the forthcoming Annual General Meeting.Mr. Nishant Darak brings expertise as a Practising Company Secretary and an Associate Member of the Institute of Company Secretaries of India (ICSI). He possesses over five years of experience in corporate secretarial and compliance functions, with comprehensive knowledge of the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable SEBI regulations. Furthermore, he has practical exposure to managing statutory and regulatory compliances across various acts including FEMA, Corporate Governance, and Capital Market Compliances.
Re-appointment of Kalpesh Mehta
Separately, the Board of Directors approved the re-appointment of Mr. Kalpesh Mehta (DIN 08815356) as a Non-Executive Independent Director. This re-appointment covers a consecutive second term of five years, effective from January 01, 2026, to December, 2030, subject to shareholder approval at the Annual General Meeting.Mr. Kalpesh Mehta holds a Master of Commerce and Bachelor of Laws degree and is a Qualified Practicing Chartered Accountant. He has over 30 years of experience in areas including Income Tax Laws, RBI/NBFC's Companies, Accounts, Finance, Banking, and legal Compliances.
The details regarding both appointments and re-appointments are summarized below:
| Director Name | Role | Tenure Start | Tenure End | Years |
|---|---|---|---|---|
| Nishant Darak (DIN 11652306) | Additional Non-Executive Independent Director | April 08, 2026 | April 07, 2031 | 5 |
| Kalpesh Mehta (DIN 08815356) | Non-Executive Independent Director (Re-appointed) | January 01, 2026 | December, 2030 | 5 |
Both directors were confirmed to be not related to any Director(s) of the Company as defined under Section 2(77) of the Companies Act, 2013, and neither is debarred from holding the office of a director by virtue of any SEBI order or other authority.
The information regarding the appointments is available on the company's website, www.kcsl.co.in.
Stock Price Movement
Krishna Capital and Securities Ltd's shares finished the day up 4.99%, settling at ₹34.69 at the close of trading. Throughout the session, the stock remained completely flat, with the intraday range tightly locked at ₹34.69.Source:
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