The Outcome of Board Meeting is enclosed.
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Sawaca Enterprises' board met on 4th September 2025 (3:30 PM to 4:30 PM IST) and approved 11 items in a single sitting. Two independent directors — Mrs. Lilaben Kishor Bhai Agaja and Mr. Vijay Chhotalal Shah — resigned citing personal reasons and other professional commitments, effective immediately. To fill the resulting casual vacancies, the board appointed Mr. Kishor Girishbhai Agaja (DIN:02653792) and Mrs. Binaben Vijaykumar Shah (DIN:11272026) as Additional Non-Executive Independent Directors, both commerce graduates with over 10 years of business experience. The board also approved the Director's Report, notice and other paperwork for the 31st Annual General Meeting, appointed M/s. Mukesh H. Shah & Co. as the e-voting scrutinizer, and reappointed Mr. Shetal S Shah as Chairman and Managing Director, subject to shareholder approval at the upcoming AGM. Finally, the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee were reconstituted, with Mrs. Binaben Vijaykumar Shah chairing all three.
This is largely a routine housekeeping update ahead of the 31st AGM. For shareholders, the notable points are a like-for-like board reshuffle (two new independent directors replacing two who stepped down) and that the MD's reappointment will need their vote at the AGM. No material impact on operations or financials is indicated.