Clarus Finance & Securities Ltd. has announced that the Board of Directors of the company at its meeting held on October 24, 2014 approved as: Mr. Ramendra Pratap Singh has been appointed as the Executive Director of the company, effective October 24, 2014; Mr. Ankur Madaan and Mr. Vinay Goyal have been appointed as the Independent directors of the company, effective October 24, 2014; Mr. Manakchand Jeevraj Jain, Mr. Akhilesh Vijaychand Jain, Mr. Harsh Jain and Mr. Ajit Keshri resign from the Board effective October 24, 2014; and the Board has appointment Mr. Rajesh Gadodia as The Managing Director of the company.