Resignation and appointment of Independent Director
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Awaiting price reaction for this filing.
On August 13, 2025, the Board of Svaraj Trading & Agencies accepted the resignation of Mr. Chirag Ghadoliya (DIN: 08019125) as a Non-Executive Independent Director, effective immediately, citing pre-occupation and personal circumstances. On the same day, the Board appointed Mr. Kapil Paliwal (DIN: 09841586) as an Additional Non-Executive Independent Director for a five-year term, subject to shareholder approval at the next AGM. Mr. Paliwal is a Post Graduate in Business Administration with over 10 years of experience in Accounts and Finance. No inter-se relationships with existing board members were disclosed, and the resigning director confirmed there are no material reasons beyond those stated. The company is a small BSE-listed entity (Scrip Code: 503624) engaged in trading activities.
This is a routine board-level change with one Independent Director replacing another. For shareholders, it is unlikely to have any material impact on operations or stock price, as no governance red flags or strategic concerns were raised.