Resignation and Appointment of directors
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
On June 9, 2025, Svam Software Ltd announced that Mr. Ankit Garg (Director cum CFO) and Mr. Malikhan Singh Yadav (Non-executive Independent Director) resigned from the board due to personal reasons, effective the same day. Both confirmed there were no material reasons beyond personal circumstances behind their exits. To fill these vacancies, the board approved the appointment of Ms. Gunjan Mittal and Ms. Ambika as Additional Directors (Non-executive & Independent), also effective June 9, 2025. Ms. Ambika brings over a decade of experience in IT, business leadership, and corporate governance, while Ms. Gunjan Mittal is a lawyer and qualified Company Secretary with prior experience at SFIO. The resignations and appointments were all completed in a single board meeting on the same date.
The exit of the CFO is a notable change at the management level and could create short-term uncertainty around financial oversight, though two qualified independent directors have been brought in to strengthen the board. Shareholders should watch for any follow-up announcement on a permanent CFO appointment, as that role currently appears vacant.