resignation of managing director
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Swati Projects Ltd informed the stock exchanges that its Managing Director, Mr Shreegopal Daga (DIN: 00397379), has resigned with effect from 24th February 2026. The Board took note of the resignation at its meeting held on the same day, which ran from 3:30 PM to 6:30 PM. Whole Time Director Mr Ravi Todi has been authorised to file Form DIR-12 and other related documents with the Registrar of Companies. The company has not disclosed the reason for the resignation in this filing.
The sudden exit of the Managing Director without a stated reason may create short-term uncertainty for shareholders, as leadership changes at the top can raise governance questions. Investors should watch for further disclosures on the reason for resignation and any replacement appointment.