StockWatch
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Trading - Textile Products
Management Change8 Sept 2026, 09:10 pm

Svarnim Trade Udyog Appoints New Directors, Reconstitutes Committees

AI Summary

Svarnim Trade Udyog Ltd announced significant board changes following a meeting on September 8, 2026. Mr. Parin Shirishkumar Bhavsar was appointed as Additional Non-Executive and Independent Director, and Ms. Sangeeta Aggarwal as Additional Non-Executive and Non-Independent Director cum Chairperson. The company also reported that Mr. Gulshan Kumar Aggarwal and Ms. Nidhi Bansal ceased to hold their directorships effective September 7, 2026, due to a lack of shareholder approval at the 44th AGM. Furthermore, the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee have been reconstituted.

Key Highlights

  • New directors appointed to the board.
  • Key committee structures have been revised.
  • Previous directors ceased roles post-AGM.
  • Board meeting held on September 8, 2026.