Clarification of Outcome of Board Meeting held on 24th February 2026.
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Mr. Shreegopal Daga has resigned from the position of Managing Director (MD) of Swati Projects Ltd. He will continue to serve as a non-executive, non-independent, promoter director on the board. This clarification was filed in April 2026 regarding a board meeting outcome originally announced in February 2026. The change represents a transition in executive leadership while retaining the promoter's board presence.
This indicates a change in top executive leadership. Shareholders should note that while the Managing Director role is now vacant, the promoter remains on the board, which may affect strategic decision-making and company governance going forward.