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SVS Ventures Ltd has announced the simultaneous resignation of two key personnel effective May 6, 2026. Mr. Sunny Surendra Kumar Sharma has stepped down as Non-Executive Non-Independent Director citing personal reasons and other commitments. Separately, Mr. Viral Patel has resigned as Chief Financial Officer and Key Managerial Personnel, also citing personal reasons. Both individuals have confirmed no material disputes or concerns with the company, board, or management. The company stated it is actively searching for suitable replacements for both positions and will update the exchange in due course.
The simultaneous departure of both the CFO and a board director on the same day could raise governance concerns for investors, as the company loses two senior leadership figures at once. The company will need to act quickly to fill these roles to maintain operational stability.