Re-appointment of Mr. Harendra Gupta as a Managing Director
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The Board of Directors of Svaraj Trading & Agencies Ltd has approved the re-appointment of Mr. Harendra Gupta (DIN: 05335662) as Managing Director for a further period of 3 years, effective August 1, 2025 to July 31, 2028, subject to shareholder approval. Mr. Gupta has been associated with the company for over 10 years and brings 30+ years of experience in real estate, trading, building materials, project finance, and compliance. The re-appointment was recommended by the Nomination and Remuneration Committee and the Audit Committee. He is not debarred by SEBI and has no inter-se relationship with other directors or KMPs.
This is a routine continuity announcement with no change in leadership. Shareholders will need to approve the re-appointment at the upcoming general meeting, but no material impact on stock price is expected.