Continuous for Change in Senior Management Personnel of the Company
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Swastika Investmart Ltd has re-designated Mr. Devashish Nyati from Chief Technology Officer (CTO) to Chief Technology and Security Officer (CTSO) effective July 22, 2025. Mr. Nyati, aged 31, is the son of Promoter and Managing Director Mr. Sunil Nyati and holds a Master's in Software Engineering from San Jose State University, with prior stints at Google and Oracle. He will additionally serve as the designated officer for the company's Cyber Security and Cyber Resilience Framework. The change was approved by the Board based on the Nomination and Remuneration Committee's recommendation.
This is an internal elevation that strengthens the company's technology and cybersecurity leadership. No direct financial impact for shareholders, though it signals a sharper focus on cyber resilience.