Escorp Asset Management Limited submitted a revised outcome of its Board Meeting held on July 18, 2026 to BSE Limited, incorporating additional details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board Meeting commenced at 10:30 AM and concluded at 12:30 PM on July 18, 2026.

Key Board Decisions:

Appointments:

  • Mr. Ronak Jain (DIN: 07128477) appointed as Additional Non-Executive Independent Director for a period of 5 years, effective from July 18, 2026, subject to shareholder approval
  • Mr. Arkesh Ayyagari (DIN: 11836458) appointed as Additional Non-Executive Independent Director for a period of 5 years, effective from July 18, 2026, subject to shareholder approval

Cessations:

  • Mr. Darshit Parikh (DIN: 03492803) ceased to hold office as Non-Executive Independent Director effective July 25, 2026 upon completion of his second consecutive term
  • Mr. Haresh Sanghvi (DIN: 00006301) resigned as Non-Executive Independent Director effective July 18, 2026 due to pre-occupation and other professional commitments

Director Profiles:

Mr. Ronak Jain:

  • Practicing Chartered Accountant and Proprietor of M/s. Ronak Jain & Associates
  • Over a decade of experience in audit, taxation, financial reporting, regulatory compliance, and investment banking
  • Commerce graduate, Certified Information Systems Auditor
  • Registered with the Independent Director Databank of the Indian Institute of Corporate Affairs (IICA)
  • Partner in SSKA & CO., a Chartered Accountant Firm
  • Not related to any existing directors of the company
  • No interest in other entities disclosed

Mr. Arkesh Ayyagari:

  • Advocate with qualifications in B.Com, LL.B., and LL.M.
  • Specializes in arbitration, banking and financial litigation, SARFAESI matters, property transactions, contract drafting and vetting, legal audits, and blockchain technology
  • Regularly appears before Bombay High Court, DRTs, DRAT, and other judicial and arbitral forums
  • Has represented leading banks, financial institutions, government bodies, and corporate clients
  • Not related to any existing directors of the company
  • No interest in other entities disclosed

Resignation Details:

Mr. Haresh Sanghvi:

  • Resignation effective July 18, 2026
  • Reason: Other professional commitments and pre-occupation
  • Confirmed no material reasons for resignation other than those stated
  • Not a director of any other listed entity
  • No board committee memberships disclosed

The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing Regulations and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

All appointments are subject to approval by shareholders at the ensuing general meeting of the company.