Announced Fri, 25 Jul · 15:25 IST

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors ....

Management Changes View source PDF

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AI summary

The Board of Directors of Swasti Vinayaka Art and Heritage Corporation, at its meeting held on July 25, 2025, approved the re-appointment of Mr. Madhusudan Lohia (DIN: 00175621) as an Independent Director for a second term of five years, from July 29, 2025 to July 28, 2030. This re-appointment is based on the recommendation of the Nomination and Remuneration Committee and is subject to approval of members at the ensuing General Meeting. Mr. Lohia, aged 57, holds a Bachelor's degree in Commerce and brings experience in business management and corporate decision-making. He is not related to any other Director on the Board and will continue to serve on various Board committees.

Likely market impact

This is a routine governance action with no material impact on the company's financials or operations. Shareholders will get to vote on the re-appointment at the upcoming General Meeting, providing them an opportunity to weigh in on Board continuity.