NewsSawaliya Food Products: Mrs. Priya Somani Resigns as Whole-time Director Effective May 08, 2026Sawaliya Food Products: Mrs. Priya Somani Resigns as Whole-time Director Effective May 08, 2026
Sawaliya Food Products Limited disclosed the resignation of Mrs. Priya Somani (DIN: 10630638) from the position of Whole-time Director and Director, effective May 08, 2026, following a Board meeting held on the same date. The resignation, attributed to personal reasons, was approved by the Board and confirmed by Mrs. Somani in her resignation letter, with no other material reasons cited. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Sawaliya Food Products Limited has informed the National Stock Exchange of India Limited of the resignation of Mrs. Priya Somani (DIN: 10630638) from the position of Whole-time Director and Director of the company. The resignation takes effect from the closure of business hours on May 08, 2026, and was approved by the Board of Directors at its meeting held on the same date. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Board Meeting and Resignation Approval
The Board of Directors of Sawaliya Food Products convened a meeting on Friday, May 08, 2026, which commenced at 6.00 p.m. and concluded at 6.30 p.m. During the meeting, the Board considered and approved the resignation of Mrs. Priya Somani from her role as Whole-time Director and Director of the company. The resignation was submitted due to personal reasons, as stated in her resignation letter addressed to the Board.
Key Details of the Resignation
The following details of the resignation have been disclosed by the company in accordance with Schedule III read with Regulation 30 of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026:
| Parameter: | Details |
|---|---|
| Name of Director: | Mrs. Priya Somani |
| DIN: | 10630638 |
| Designation: | Whole-time Director and Director |
| Reason for Change: | Resignation due to personal reasons |
| Date of Cessation: | May 08, 2026 |
| Material Reasons (as disclosed): | No material reasons other than personal reasons stated in resignation letter |
| Resignation Letter: | Enclosed as Annexure B |
Confirmation from Resigning Director
In her resignation letter addressed to the Board of Directors, Mrs. Priya Somani confirmed that she is unable to fulfil her responsibilities and duties towards the company due to personal reasons. She further confirmed that there are no other material reasons beyond those mentioned in her resignation letter for her departure from the Board. The company has been requested to submit the necessary forms with the concerned authorities accordingly.
The communication was signed by Raghav Somani, Managing Director (DIN: 06770088), on behalf of Sawaliya Food Products Limited.
Historical Stock Returns for Sawaliya Food Products
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.96% | +2.91% | -6.92% | +3.32% | +18.21% | +18.21% |
Will Sawaliya Food Products appoint a new Whole-time Director to fill Mrs. Priya Somani's vacancy, and how might the leadership transition impact the company's operational continuity?
Given that the resignation letter was signed by Managing Director Raghav Somani, who shares the same surname as the departing director, could this leadership change signal broader family or ownership dynamics affecting the company's strategic direction?
How might the sudden departure of a Whole-time Director affect investor confidence and the stock performance of Sawaliya Food Products in the near term?
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