Swati Projects Limited has announced a significant leadership change with the resignation of its Whole Time Director, marking an important corporate governance development for the Kolkata-based company.

Board Meeting Outcome

The company's Board of Directors convened on April 15, 2026, to address the resignation of Mr Ravi Todi from his position as Whole Time Director. The meeting, which commenced at 3:30 pm and concluded at 4:30 pm, formally acknowledged and accepted the resignation with immediate effect.

Director's Resignation Details

Mr Ravi Todi, holding Director Identification Number (DIN) 11511076, formally submitted his resignation letter on April 7, 2026. In his resignation communication addressed to the Board of Directors, he cited preoccupation and personal reasons as the primary factors behind his decision to step down from the Whole Time Director position.

Regulatory Compliance and Filings

In compliance with SEBI Listing Regulations, the company has made the necessary disclosures pursuant to Regulation 30. The formal communication was sent to BSE Limited, The Metropolitan Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited on April 15, 2026.

Mr Shreegopal Daga, Director of the company with DIN 00397379, has been specifically authorized by the Board to sign and file Form DIR-12 and other required documents with the Registrar of Companies regarding this directorial change. The company has also provided detailed disclosures following SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Acknowledgment and Transition

In his resignation letter, Mr Todi expressed appreciation for the cooperation extended to him during his tenure as Whole Time Director of the company. The resignation was formally accepted by the Board with effect from the closure of business hours on April 15, 2026, ensuring a smooth transition in the company's leadership structure. The acceptance was digitally signed by Mr Shreegopal Daga on April 15, 2026.

Swati Projects Limited has filed its quarterly certificate under SEBI regulations, confirming the proper handling of share dematerialization activities during the quarter ended March 31, 2026. The submission fulfills mandatory compliance requirements under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Details

The certificate covers the dematerialization period from January 1, 2026 to March 31, 2026. During this quarter, the company's Registrar and Share Transfer Agent (RTA), Niche Technologies Pvt Ltd, confirmed that all share certificates received for dematerialization were processed according to regulatory standards.

Share Transfer Agent Confirmation

Niche Technologies Pvt Ltd, serving as the company's RTA, provided comprehensive confirmation regarding the dematerialization process. The RTA confirmed that securities received from depository participants during the quarter were properly accepted or rejected as applicable, and that all securities have been listed on stock exchanges where the company's earlier issued securities are traded.

The RTA's confirmation, dated April 6, 2026, specifically states that security certificates received for dematerialization have been mutilated and cancelled after due verification. Additionally, the depository's name has been substituted in the register of members as the registered owner, completing the dematerialization process.

Stock Exchange Notifications

Swati Projects Limited has notified multiple stock exchanges about the quarterly certificate submission. The company maintains listings across several exchanges and has informed each platform of the regulatory compliance.

Company Information

Swati Projects Limited operates from its registered office at 13, Ganesh Chandra Avenue, Kolkata. The certificate was signed by Director Shreegopal Daga (DIN: 00397379) on behalf of the company. The submission demonstrates the company's commitment to maintaining regulatory compliance and ensuring proper handling of shareholder dematerialization requests.

The quarterly certificate filing represents standard regulatory practice for listed companies, ensuring transparency in the dematerialization process and protecting investor interests through proper documentation and verification procedures.