Resignation of Mr. Jitesh Agarwal as Company Secretary and Compliance officer.
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Awaiting price reaction for this filing.
The board of The Swastik Safe Deposit and Investments Limited met on 31st July, 2025 and approved two key items. First, Mr. Jitesh Agarwal resigned as Company Secretary and Compliance Officer due to personal reasons, effective 31st July, 2025. Second, the board approved the unaudited financial results for Q1 FY26 (quarter ended 30th June, 2025), showing revenue from operations of Rs. 25.35 lakhs (up from Rs. 20.58 lakhs in Q1 FY25) and profit after tax of Rs. 15.44 lakhs (down from Rs. 23.18 lakhs in Q1 FY25). EPS stood at Rs. 6.43. Notably, the company mentioned that RBI cancelled its Certificate of Registration on 24th July, 2025 after the company had applied for voluntary cancellation on 30th April, 2025. The company now operates solely in the investment business segment. Note: the filing is from The Swastik Safe Deposit and Investments Limited, not E & E Enterprises Ltd as tagged in the headline.
The exit of the Company Secretary leaves a key compliance role vacant, which the company must fill to avoid regulatory lapses. The RBI cancellation of the CoR is a significant structural change, meaning the company will no longer operate as a deposit-taking NBFC. Q1 profit after tax declined year-on-year despite higher revenue, though the stock's impact may be muted given its small scale.