Essar Securities Limited announced that at the board meeting held on August 13, 2019, approved resignation of Mr. Girish Sathe as Chief Executive Officer (CEO) of the Company effective from the closure of business hours of August 13, 2019 as per the terms of contract. The board also approved the resignation of Mr. Kapil Purohit as Chief Financial Officer (CFO) of the Company effective from the closure of business hours of August 13, 2019 as per the terms of contract.