Summit Securities Limited at its board meeting held on May 15, 2019, approved appointment of Mr. Ramesh D. Chandak, Chairman, Non-Executive Director, as Non-Executive, Independent Director for a term of 5 years with effect from September 27, 2019 to September 26, 2024, based on the recommendations of the Nomination and Remuneration Committee and subject to approval of shareholders at the upcoming AGM. He is the former President of Indian Electrical & Electronics Manufacturers Association (IEEMA). He worked as MD & CEO of KEC International Limited.