we hereby submit the outcome of the Meeting of the Board of Director held on today i.e. Friday, October 10, 2025.
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Swadha Nature Ltd's board, at a meeting on October 10, 2025, accepted the resignations of both its Executive Directors — Mr. Manoj Kumar Saraf and Mr. Sanjeev Kumar Saraf — effective the same day. Both are promoter directors and long-standing figures in the company (formerly known as MS Securities Ltd.), with Mr. Manoj Kumar Saraf noted as the first shareholder who helped build the company from inception. In their resignation letters, both cited personal commitments requiring their focused attention, with Mr. Manoj also mentioning retirement and a desire to hand over responsibilities to the next generation of board leadership. Managing Director Dipakkumar Shah (DIN: 08234203) remains in his role. The company stated detailed reasons for the resignations are enclosed in Annexure B and C.
Both promoter executive directors exiting on the same day is a notable leadership transition that may raise governance and continuity questions among investors, though no negative reasons were cited. The stock could see short-term volatility on uncertainty about succession plans, as the company has not yet announced replacements.