we are submitting revised outcome of board meeting as per BSE requirement.
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Awaiting price reaction for this filing.
Swati Projects Ltd informed the stock exchanges that its board, at a meeting held on 24 February 2026, accepted the resignation of Mr. Shreegopal Daga (DIN: 00397379) from the post of Managing Director, effective the same day. Mr. Daga, aged 86, had tendered his resignation earlier on 16 February 2026 citing personal reasons and health issues. The filing is described as a revised outcome of the board meeting submitted as per BSE requirements. The board authorised Whole Time Director Mr. Ravi Todi to file Form DIR-12 and other related documents with the Registrar of Companies. No new Managing Director or CEO has been appointed in this filing.
The loss of a long-serving Managing Director (who had been with the company for decades) due to health reasons may raise short-term governance and leadership concerns for shareholders, though an existing Whole Time Director is in place to manage operations until a replacement is named.