Pursuant to Regulation 30 read with schedule III of the securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that ....
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The Board of Swasti Vinayaka Art and Heritage Corporation, at its meeting on August 14, 2025, approved several key items. M/s. Sandeep Dar & Co. was appointed as Secretarial Auditor for a five-year term covering FY 2025-26 to 2029-30, and M/s. M.M. Dubey & Co. was appointed as Internal Auditor for FY 2025-26. Mr. Yash Sanjiv Rungta, a Chartered Accountant, was appointed as Additional Independent Director to comply with SEBI's requirement that at least half the board be independent, since the company does not have a regular non-executive chairperson. The Nomination & Remuneration Committee and Audit Committee were also reconstituted with the new director. Additionally, Managing Director Dinesh Ramprasad Poddar and Whole-time Director Prabhat Dinesh Poddar (his son) were re-appointed for fresh three-year terms starting June 2026 and April 2026 respectively, subject to shareholder approval.
These are largely routine governance and compliance actions with no negative implications. The re-appointment of the existing MD and WTD (father and son) signals continuity in leadership, while adding a new independent director strengthens board composition in line with SEBI norms. Shareholders will need to approve the director re-appointments at the upcoming AGM.