Resignation of Mrs. Neelu Kumawat as Executive Director and CFO and Resignation of Mr. Chirag Ghadoliya as an Independent Director of the Company
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SV Trading & Agencies Ltd announced two resignations and two appointments at a board meeting held on July 21, 2025. Mrs. Neelu Kumawat stepped down as Executive Director and Chief Financial Officer citing personal and unavoidable circumstances. Mr. Chirag Ghadoliya also resigned as an Independent Director, stating preoccupation and personal reasons. To fill these gaps, the board appointed Mrs. Urvashi Tilkesh Sharma (B.Com, 15+ years in management and administration) as the new Executive Director and CFO. Additionally, Mr. Kapil Paliwal (MBA, 10+ years in accounts and finance) was appointed as a Non-Executive Independent Director for a five-year term, subject to shareholder approval at the next AGM. Both new appointees are not related to any existing board members or key managerial personnel.
Shareholders should note a complete change in the CFO position, with Urvashi Tilkesh Sharma taking on both Executive Director and CFO roles, consolidating finance and board leadership. The reshuffle appears to be a routine board restructuring, and the company has simultaneously filled both vacated positions, suggesting continuity in operations with no disruption to governance.