This is to inform that Mr. Rajesh Kumar Vaid has resigned from the position of Independent Director of the Company effective from 14th April 2026.
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Mr. Rajesh Kumar Vaid has resigned from the position of Independent Director of Svam Software Ltd, effective 14th April 2026. The resignation has been submitted citing personal reasons and personal commitments. He has confirmed there are no unresolved disputes with the company and no other material reasons for his resignation. Mr. Vaid held the position since 15th June 2021. He also serves as an Independent Director on two other listed entities - Jolly Plastic Industries Limited and Tridev Infraestates Limited. The company made this disclosure under Regulation 30 of SEBI (LODR) Regulations 2015.
The resignation of an Independent Director reduces the board's independence and may raise governance concerns for investors. With only personal reasons cited and no disputes confirmed, the market impact may be limited but the board composition will need to be restored.