Resignation of Independent Director
Price
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Awaiting price reaction for this filing.
Svaraj Trading & Agencies Ltd informed the stock exchange that Mr. Chirag Ghadoliya (DIN: 08019125) resigned from the position of Independent Director with immediate effect on August 13, 2025, citing pre-occupation and personal unavoidable circumstances. He confirmed there are no other material reasons for his departure. On the same day, the Board, based on the Nomination and Remuneration Committee's recommendation, approved the appointment of Mr. Kapil Paliwal (DIN: 09841586) as Additional Non-Executive Independent Director for a period of five years, subject to shareholder approval at the next AGM. Mr. Paliwal is a postgraduate in Business Administration with over 10 years of experience in accounts and finance, and is not related to any existing director or key managerial personnel.
This is a routine board reshuffle with one independent director exiting and a replacement with finance expertise being inducted. The immediate stock price impact is likely minimal, though shareholders will need to approve the new appointment at the upcoming AGM.