Please find attached information on appointment and retirement of Directors
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Awaiting price reaction for this filing.
The Swastik Safe Deposit and Investments Limited has informed the stock exchange about two board changes effective April 1, 2025. Mr. Jaimin Desai has been appointed as an Additional Independent Director for a period of 60 months, subject to shareholder approval. Mr. Surendra Kabra has retired as Independent Director from March 31, 2025, after completing his second consecutive five-year term. Mr. Desai is a Chartered Accountant and Company Secretary with 14 years of experience in finance, taxation and corporate law, and currently serves as CFO of a mid-size corporate while pursuing a Senior Management course at IIM Ahmedabad.
This is a routine board refresh with one Independent Director retiring at the end of his tenure and a qualified finance professional joining in his place. No material impact is expected on shareholders or the stock price, as the composition and independence of the board remain intact.