Swarna Securities Limited has appointed Mr. KARUNAKAR MANDAVA as the Additional Director (Independent) who shall hold office up to the date of the next annual general meeting or the last date on which the annual general meeting should have been held, whichever is earlier and his appointment is subject to the approval of the members in the ensuing general meeting. Further informed that based on the recommendations of the Nomination and Remuneration Committee, Mr. KARUNAKAR MANDAVA has been appointed as Member in all the mandatory Board Committees like Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee etc., in place of Mr. SRIDHAR KOLLURI who was ceased to be Director due to death on April 22, 2021 and whose place was temporarily replaced with Mr. MURALI KRISHNA MUTHAVARAPU, the Managing Director of the Company.