resignation of director
Price
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On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and in line with its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Swati Projects Ltd has informed the stock exchanges that Mr Shreegopal Daga (DIN: 00397379) has resigned from the post of Managing Director of the company, with effect from 24th February 2026. The board took note of his resignation at a board meeting held on the same day, which ran from 3:30 PM to 6:30 PM. Mr Ravi Todi, the Whole Time Director, has been authorized to file Form DIR-12 and other related documents with the Registrar of Companies. The company is listed on BSE, CSE, and MSEI. No reason for the resignation or succession plan for a new MD has been disclosed in this filing.
The sudden exit of the Managing Director could raise governance concerns among shareholders, especially since no replacement has been announced. The stock may see short-term weakness or volatility until clarity emerges on leadership continuity.