Swati Projects Limited has announced the appointment of Mr. Ravi Todi as Chief Executive Officer, effective May 2, 2026. The appointment was formalized during a Board of Directors meeting held on the same date, with the company making the necessary regulatory disclosures under SEBI regulations.

Board Meeting and Regulatory Compliance

The Board of Directors meeting convened on May 2, 2026, to approve the CEO appointment among other matters. The meeting commenced at 3:30 PM and concluded at 4:00 PM, with formal approval granted for Mr. Todi's leadership role.

The appointment has been made in full compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company has provided all necessary disclosures as per the SEBI Circular dated November 11, 2024.

New CEO Profile and Experience

Mr. Ravi Todi brings substantial expertise to his new role as Chief Executive Officer. His professional credentials include membership in the Institute of Company Secretaries of India (ICSI) and extensive experience in corporate governance matters.

Administrative Authorization

The board has authorized Mr. Shreegopal Daga, Director of the company, to sign and file Form DIR-12 and other necessary documents with the Registrar of Companies regarding the CEO appointment. This authorization ensures smooth completion of all regulatory formalities associated with the leadership transition.

Corporate Governance Impact

The appointment reflects Swati Projects Limited's commitment to strengthening its corporate governance framework through experienced leadership. Mr. Todi's background in secretarial and corporate affairs positions him well to navigate the regulatory landscape and drive organizational growth. The company has confirmed that the new CEO maintains independence from existing directors, supporting robust governance practices.

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.