Sonal Parikh elected Chairperson of erstwhile VSEL

Sonal Parikh was today unanimously elected as the chairperson of the erstwhile Vadodara Stock Exchange Ltd (VSEL).
The first meeting of the newly elected nine directors was held here today.
"Our future plans include starting of commodity market, foreign currency market, non banking financial company," VSEL Director Jagdish Thakkar said.
Earlier in the day, the directors were elected during an extraordinary general meeting (EGM) of the erstwhile VSEL.
Apart from Thakkar and Parikh, Shailesh Bhoite, Shashikant Parikh, Jayant Gaekwad, Aashih Chokshi, Satyanarayan Shah, Nitin Parikh and Manoj Shah were also elected as directors to the stock exchange.
The EGM was a stormy affair as outgoing chairman Makrand Parikh walked out of the meeting.

After which, the members present at the meeting appointed C V Makwana to conduct elections for the posts of nine directors.
The EGM of VSEL was held as markets regulator after Securities Exchange and Board of India (SEBI) had on November last year, ordered the exit of Vadodara Stock Exchange.