Palash Securities Limited Appoints New Managing Director
Palash Securities Limited announced several key changes in leadership on March 30, 2026. Mr. Chand Bihari Patodia ceased to be Managing Director and Key Managerial Personnel, effective March 29, 2026.The Board of Directors subsequently appointed Mr. Suraj Kumar Agrawal as Managing Director and Key Managerial Personnel, effective March 30, 2026. Mr. Agrawal’s appointment is for a period of three years, from March 30, 2026, to March 29, 2029, and is subject to shareholder approval. Mr. Agrawal is not debarred from holding the office by any order from the Securities and Exchange Board of India or any other authority.
Following Mr. Patodia’s departure, the Audit Committee was reconstituted, with Mr. Suraj Kumar Agrawal being included as a member. The current composition of the Audit Committee is as follows:
| Sr. No. | Name of the Committee Members | Position in Committee | Nature of Directorship |
|---|---|---|---|
| 1 | Mr. Chhedi Lal Agarwal | Chairman | Independent Director |
| 2 | Mr. Arun Kumar Newar | Member | Independent Director |
| 3 | Mr. Dinesh Kacholia | Member | Independent Director |
| 4 | Mr. Suraj Kumar Agrawal | Member | Managing Director |
The company also authorized Mr. Suraj Kumar Agrawal, Mr. Deepak Kumar Sharma, and Mr. Vikram Kumar Mishra, any two of them acting jointly, to determine the materiality of events and make disclosures to stock exchanges.
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