Swati Projects Limited has released its quarterly financial results for the third quarter of FY26 ended December 31, 2025, alongside significant corporate governance updates. The company's Board of Directors convened on February 14, 2026, from 4:30 PM to 5:30 PM to approve these developments.

Financial Performance Overview

The Board approved and took on record the unaudited financial results for both standalone and consolidated operations for the quarter ended December 31, 2025. These results were prepared in accordance with Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, along with the Auditor's Limited Review Report.

The financial results indicate operational challenges during the quarter, with the company reporting net losses in both standalone and consolidated operations. The consolidated results include subsidiaries M/s Radhashree Roadsters Private Limited and M/s Radhashree Apartments Private Limited.

Key Corporate Appointments

The company announced the appointment of Ms. Papia Naskar Raha as Company Secretary and Compliance Officer with effect from February 14, 2026. Ms. Raha brings significant expertise to the role:

Regulatory Compliance Updates

The company confirmed its compliance with various SEBI regulations:

The company confirmed that Regulations 52(4), 52(5) & 52(7) of SEBI (LODR) Regulations, 2015 are not applicable as no debentures have been issued. Mr. Ravi Todi, Wholetime Director, has been authorized to sign and file Form DIR-12 and other documents with the Registrar of Companies regarding the Company Secretary appointment.

Auditor Review and Compliance

M Modi & Associates, Chartered Accountants (FRN: 319141E), conducted the limited review of both standalone and consolidated financial results. The auditors confirmed that the financial statements were prepared in accordance with Indian Accounting Standards (Ind AS) 34 "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013.

The financial results and corporate announcements demonstrate the company's commitment to regulatory compliance and transparent governance practices while navigating operational challenges in the current quarter.

Swati Projects Limited has announced a significant leadership transition following its Board of Directors meeting held on February 06, 2026. The company disclosed changes in key management positions as part of an internal restructuring initiative, with Mr. Ravi Todi transitioning from Company Secretary to Whole Time Director.

Board Meeting Outcome

The Board meeting, which commenced at 3:30 PM and concluded at 4:30 PM, addressed two major agenda items regarding Mr. Ravi Todi's role transition within the organization. The company has notified all relevant stock exchanges including BSE Limited, The Metropolitan Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited about these changes.

Regulatory Compliance and Disclosures

Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Board took note of Mr. Ravi Todi's resignation from his position as Company Secretary and Compliance Officer with effect from February 06, 2026. The resignation was tendered on January 29, 2026, citing the change in role within the company.

As per regulatory requirements under Circular No. LIST/COMP/14/2018-19 and NSE/CML/2018/24 dated June 20, 2018, the company confirmed that Mr. Ravi Todi is not debarred from holding the office of Director by any order from the Securities and Exchange Board of India or other regulatory authorities.

Professional Credentials

Mr. Ravi Todi brings substantial expertise to his new role as Whole Time Director. His professional background includes:

Authorization and Documentation

Managing Director Shreegopal Daga has been authorized to sign and file Form DIR-12 and other necessary documents with the Registrar of Companies regarding the resignation and appointment. The appointment is subject to shareholder approval at the ensuing general meeting, where Mr. Todi will be liable to retire by rotation as per standard corporate governance practices.

The disclosure has been made pursuant to Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring full regulatory compliance.

Company Information

Swati Projects Limited (CIN: L65993WB1983PLC036332) is headquartered at 13, Ganesh Chandra Avenue, 2nd Floor, Room No. 12, Kolkata-700013. The company's securities are listed on multiple exchanges with Scrip Code CSE-029458, BSE-543914, MSEI Symbol: SWATI, and ISIN: INE210F01016.