Alka Securities Limited announced that the board meeting of the directors held on May 30, 2023, approved the appointment of Mr. Arun Shankar Tiwari as additional director (non-executive independent) on board with effect from May 30, 2023. Mr. Arun Shankar Tiwari is having 15 years' experience in Equity, Derivative and Commodity Market, Administration, Finance and Accounts. The board approved the resignation of Mr. Avinash Bhavri as Director (non-executive independent) with effect from May 30, 2023, due to personal reasons.

The board also approved supersession of the board resolution passed earlier in respect of appointment of Mr. Premchandra Jagannath Lokan.