Shardul Securities appoints new director, reappoints executive amidst mixed financial results

On November 12, 2025, Shardul Securities Limited announced key board appointments and released its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. The board approved the appointment of Gyanchand Pipara as an additional non-executive independent director for a three-year term, effective November 12, 2025. Pipara, a chartered accountant with over 42 years of experience in accounting and forensic auditing, brings extensive expertise to the board.

Additionally, Daya Bhalia was reappointed as an executive director for a three-month term, effective November 14, 2025. She has over a decade of experience in corporate and securities law.

The company reported a standalone profit/(loss) before tax of INR (4,768.79) Lakhs for the quarter and INR 2,849.41 Lakhs for the half-year, with total revenue from operations at INR (3,981.18) Lakhs and INR 4,076.61 Lakhs respectively. For the consolidated results, the company reported a profit/(loss) before tax of INR (4,827.49) Lakhs for the quarter and INR 3,970.22 Lakhs for the half-year, with total consolidated revenue from operations at INR (3,931.25) Lakhs and INR 5,483.41 Lakhs respectively.