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

Svarnim Trade Udyog Reconstitutes Board Committees, Appoints New Directors

AI Summary

Svarnim Trade Udyog Ltd announced the reconstitution of its Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee following a Board Meeting on September 8, 2026. The company also appointed Mr. Parin Shirishkumar Bhavsar as an Additional Non-Executive and Independent Director and Ms. Sangeeta Aggarwal as an Additional Non-Executive and Non-Independent Director cum Chairperson. Concurrently, Mr. Gulshan Kumar Aggarwal and Ms. Nidhi Bansal ceased to hold their directorships due to non-approval of resolutions at the 44th AGM. The reconstitution of committees is effective from September 8, 2026.

Key Highlights

  • Board committees reconstituted effective September 8, 2026.
  • New directors appointed: Mr. Parin Shirishkumar Bhavsar and Ms. Sangeeta Aggarwal.
  • Two directors, Mr. Gulshan Kumar Aggarwal and Ms. Nidhi Bansal, ceased their roles.
  • Changes reflect board-level restructuring and committee composition.