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SVS Ventures Ltd has announced key changes to its board. Mr. Shashikant Vedprakash Sharma resigned from the position of Managing Director & CEO effective November 19, 2025, citing pre-occupation and other professional commitments. In his place, Mr. Vishal Mahendrabhai Thekdi has been appointed as Additional Director (Executive) designated as Managing Director for a five-year term (November 20, 2025 to November 19, 2030), subject to shareholder approval. Additionally, Mr. Vishnu Kumar Bhagvandas Prajapati has been appointed as a Non-Executive Non-Independent Director, also subject to shareholder approval.
The transition involves replacing the top leadership due to the outgoing CEO's inability to dedicate sufficient time, which may cause short-term uncertainty but the company has appointed a successor with experience in real estate and edible oil operations. Shareholders will need to approve the new MD's appointment at the next general meeting.