GCM Securities Limited informed that the Board in its meeting held November 2, 2022 has accepted the resignation of Mr. Mahavir Prasad Saraswat and in his place; the Board has appointed Mr. Piyush Saraf as an additional Director designated as Independent Director of the Company, subject to approval of members by way of EOGM or Postal Ballot Notice. Mr. Piyush Saraf is a graduate in commerce from Kolkata University and has experience and expertise, for more than 4 years, in the field of Capital Market, and having ample knowledge of finance and accounts.