Shardul Securities Ltd. — Board/Management Information 2026

Mar 30, 2026

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SHARDUL SECURITIES LIMITED

CIN : L50100MH1985PLC036937

G 12, Tulsiani Chambers, Nariman Point, Mumbai - 400 021

Tel. : 91 22 46032806 or 22-46032807

Email id : investors@ssl.ind.in Website : www.shardulsecurities.com

Date: 30[th] March 2026

To, The Secretary, BSE Limited, PJ Towers, Dalal Street, Mumbai- 400 001

Company's Scrip Code : 512393

Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir,

In compliance with Regulation 30 read with Schedule III of the Listing Regulations, this is to inform you that Mr. Gyanchand Pipara (DIN: 01773749), Independent Director of the Company, vide his letter dated March 30, 2026, received through e-mail, has tendered his resignation as the Independent Director of the Company, with effect from 30[th] March 2026, citing “preoccupation with personal matters and his increasing professional commitments”.

The details required in terms of Regulation 30 read with Schedule III - Para A(7B) of Part A of the SEBI Listing Regulations and SEBI Circulars issued in this regard, are given in Annexure – I. A copy of his resignation letter is enclosed herewith as Annexure – II. Please take the same on record.

Thanking you, Yours faithfully,

FOR SHARDUL SECURITIES LIMITED

DAYA Digitally signed by DAYA BHALIA BHALIA Date: 2026.03.30 17:40:18 +05'30'17:40:18 +05'30'

BHALIA Date: 2026.03.30 17:40:18 +05'30'17:40:18 +05'30' DAYA BHALIA COMPANY SECRETARY M No: A24205

Encl: As above

Annexure – I

Disclosure of information pursuant to Regulation 30 of the Listing Regulations read with SEBI

1. Resignation of Mr. Gyanchand Pipara as an Independent Director of the Company:

Sr No.		Details of events that needs to beprovided	Information of such event (s)
1.		Reason for change viz. ~~appointment,~~ ~~re-appointment~~, resignation,~~removal,~~ ~~death, or otherwise~~	Resignation of Mr. Gyanchand Pipara as an Independent Director of the Company with immediate effect, due to preoccupation with personal matters and increasing professional commitments.
		~~ea, ~~
2.		Date of~~appointment,~~ ~~reappointment,~~ cessation (as applicable) ~~& term of~~ ~~appointment /~~ ~~reappointment~~	March 30, 2026
3.		Brief profile (in case of appointment);	Not Applicable.
4.		Disclosure of relationships between directors (in case of appointment of a director)	Not Applicable.
Additional Information in case of resignation of an Independent Director
5.	Letter of Resignation along with detailed reason for resignation.		Enclosed herewith.
6.	Names of listed entities in which the resigning director holds directorships, indicating the category of directorship and membership of board committees,if any.		Nil
7.	The independent director shall, along with the detailed reasons, also provide a confirmation that there are no other material reasons other than thoseprovided.		Mr. Gyanchand Pipara, has confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter.

Annexure- II

Gyanchand Pipara pipara@pipara.com 21, Sanidhya Bungalows Opp. Bileshwar Temple, Satellite Ahmedabad-380015, Gujarat

To, The Board of Directors Shardul Securities Ltd. G-12, Tulsiani Chambers 212, Nariman Point Mumbai 400 021

Sub: Resignation from the position of Independent Director with immediate effect.

Dear Sir(s),

I, Mr. Gyanchand Pipara (DIN: 01773749), was appointed as an Independent Director of the Company Shardul Securities Limited (CIN: L50100MH1985PLC036937) with effect from 12th November 2025.

Due to my preoccupation with personal matters and increasing professional commitments, I regret to inform you that I am unable to devote the requisite time and attention to the affairs of the Company. Further, owing to my limited tenure, I believe that I have not been able to meaningfully contribute to the deliberations of the Board and the overall functioning of the Company.

Accordingly, I hereby tender my resignation from the position of Independent Director of the Company with immediate effect, i.e., from 30th March 2026.

I request the Board to kindly take note of my resignation and arrange to file the necessary e- forms with the Registrar of Companies and intimate the Stock Exchanges, as applicable, in compliance with the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

I take this opportunity to express my sincere gratitude to the Board and the management for the support and cooperation extended to me during my tenure. It has been a privilege to be associated with the Company, and I wish the Company continued success in all its future endeavours.

Thanking you.

Yours sincerely,

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_____ GYANCHAND PIPARA DIN: 01773749

Place: Ahmedabad Date: 30.03.2026