1) Appointment of Mrs. Jyotsana Vishnu Joshi and Mrs. Urvashi Tilkesh Sahrma as Independent Directors of the Company with effect from February 10, 2026 2) Mr. Varun Kumar Choubisa and ....
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Svaraj Trading & Agencies announced board changes effective February 10, 2026. Two new Independent Directors were appointed for five-year terms: Mrs. Jyotsana Vishnu Joshi (Arts graduate with 10+ years in education) and Mrs. Urvashi Tilkesh Sharma (B.Com with 15+ years in management and administration). Their appointments are subject to shareholder approval under SEBI rules. At the same time, two existing Independent Directors — Mr. Varun Kumar Choubisa and Mr. Yashawant Kumar Choubisa — ceased to be directors after completing their second consecutive five-year term on the board. Both new appointees have confirmed they are not debarred by any SEBI or other authority order and are not related to any existing directors.
This is a routine rotation of independent directors required under SEBI's Listing Regulations, which cap independent directors at two consecutive five-year terms. There is no expected material impact on operations or the stock price; the board retains its independent oversight composition through immediate replacement.