SVA India Limited has announced the termination of its joint venture agreement with Future Consumer Limited, citing violations of certain terms and conditions. The termination notice was issued in accordance with the provisions of the Joint Venture Agreement dated April 25, 2014.

Key Details of the Termination

SVA India Limited, in its regulatory filing, stated that the company will continue to take all necessary steps arising from the termination in accordance with contractual and legal obligations. This move signifies a significant change in the business relationship between the two entities.

Implications and Next Steps

The termination of this joint venture agreement could have potential impacts on both companies' operations and strategies. While the specific violations leading to the termination have not been disclosed, such actions often result from disagreements over business operations, financial matters, or strategic directions.

SVA India Limited's decision to terminate the agreement suggests that the company is taking a firm stance on compliance with contractual terms. This move may lead to a restructuring of operations previously handled under the joint venture.

Investors and market watchers will likely be keen to observe how this development affects both companies' future performance and market positions. It remains to be seen whether this termination will lead to any legal proceedings or if the companies will seek alternative partnerships to fill the gap left by this dissolved joint venture.

As the situation unfolds, stakeholders should stay tuned for any further announcements from either SVA India Limited or Future Consumer Limited regarding the impact of this termination on their respective business operations and financial outlooks.

SVA India Limited , a company listed on the Bombay Stock Exchange (BSE), has announced the appointment of CS Ramesh Patwari as its new Company Secretary and Compliance Officer. The appointment, which took effect on October 27, 2025, was approved by the company's Board of Directors following a recommendation from the Nomination and Remuneration Committee.

Key Details of the Appointment

Professional Background

CS Ramesh Patwari brings significant experience to his new role at SVA India Limited. He is a fellow member of the Institute of Company Secretaries of India (ICSI) with approximately 9 years of practice experience. His expertise lies in handling corporate governance and compliance-related assignments, particularly for listed companies.

Scope of Responsibilities

In his new position, Patwari will be responsible for:

1. Ensuring compliance with Section 203 of the Companies Act, 2013
2. Adhering to the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014
3. Fulfilling the requirements of Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Corporate Governance Implications

This appointment underscores SVA India Limited's commitment to maintaining robust corporate governance practices. By bringing on board an experienced professional like Patwari, the company aims to strengthen its compliance framework and enhance its corporate governance structure.

The Board meeting that approved this appointment commenced at 11:00 AM and concluded at 12:00 PM on October 27, 2025. This information has been duly communicated to the BSE as per the regulatory requirements under SEBI regulations.

SVA India Limited, with its registered office at 162-C, Mittal Towers, 16th Floor, Nariman Point, Mumbai, continues to demonstrate its adherence to regulatory standards and its focus on maintaining transparency in its corporate actions.