SVA India Ltd's Company Secretary Bhaviika Jain Steps Down After Extended Notice Period

SVA India Ltd has announced the formal departure of Mrs. Bhaviika Jain from her role as Company Secretary and Compliance Officer, effective July 29, 2025. This development comes after an extended transition period following her initial resignation notice in May 2025.

Extended Transition Period

Mrs. Jain initially tendered her resignation on May 7, 2025, citing personal reasons and a new professional opportunity. However, she agreed to continue in her role at the request of the management, primarily due to two factors:

1. Ongoing compliance obligations under the SEBI Listing Regulations
2. The company's challenges in identifying a suitable replacement despite rigorous efforts

Formal Resignation and Departure

In a regulatory filing to the Bombay Stock Exchange (BSE), SVA India Ltd confirmed that Mrs. Jain has been formally relieved of her duties as of July 29, 2025. The company stated that she continued to discharge her responsibilities and ensure compliance with the Listing Regulations until her last day.

Reasons for Departure

The company emphasized that there were no material reasons for Mrs. Jain's resignation beyond those stated in her resignation letter. The primary factors for her departure include:

• Personal reasons
• Pursuit of a new professional opportunity

Regulatory Compliance

SVA India Ltd has made the necessary disclosures in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also complied with the SEBI circular dated July 13, 2023, providing all required details regarding the resignation.

Management Statement

Abhinav Gupta, Whole Time Director of SVA India Ltd, signed off on the regulatory filing, acknowledging Mrs. Jain's contributions and confirming the company's compliance with all necessary regulations regarding the disclosure of her resignation.

As SVA India Ltd navigates this transition in its key compliance role, investors and stakeholders will likely be keen to see how the company addresses the vacancy left by Mrs. Jain's departure.