Consolidated Securities Ltd. announced that Board of Directors of the company at its meeting held on November 24, 2015 has appointed Mr. Naresh Chandra Varshney as the Chief Financial Officer of the company in place of Mr. Rohit Gupta, with effect from November 24, 2015, in accordance with the applicable provisions of the Companies Act, 2013, any other applicable provisions, if any. The said appointment has been approved by the Audit Committee at its meeting held on November 24, 2015. Further, he shall act as Key Managerial Personnel in compliance with Section 203 of the Companies Act, 2013.

Mr. Naresh Chandra Varshney is a Chartered Accountant with more than 25 years of diverse experience in the field of financial services.