SVAM Software Limited has formally announced the resignation of Mr. Kushal Karnwal from his position as Company Secretary cum Compliance Officer, effective December 31, 2025. The company communicated this development to BSE Limited on January 1, 2026, in compliance with regulatory requirements under Regulation 30.

Resignation Details

The resignation documentation provides comprehensive information about Mr. Karnwal's departure from the organization:

Reasons for Departure

According to the official communication, Mr. Karnwal tendered his resignation due to personal reasons. The company has clarified that he confirmed there are no other material reasons for his resignation beyond personal considerations. The decision stems from his intention to attend to personal commitments, and he has explicitly stated that there are no unresolved disputes with the company on any matter.

Regulatory Compliance

SVAM Software Limited has submitted detailed resignation documentation to BSE Limited as required under Regulation 30 read with Schedule III, Part A, Para A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The submission includes:

• Complete resignation letter dated December 31, 2025
• Confirmation of no additional material reasons for departure
• Verification of no unresolved disputes with the company
• Request for necessary filings with ROC and other competent authorities

Company Information

SVAM Software Limited, incorporated under CIN L65100DL1992PLC047327, operates from its registered address at 224 G/F, Swayam Seva, Co-Operative Housing Society Ltd, Jhilmil, Delhi - 110032. The company trades on BSE under scrip code 523722. The resignation communication was signed by Director Rajesh Kumar Vaid (DIN: 09201120) from the company's Delhi office.

Svam Software Limited, a company operating in the trading of shares and securities, has reported mixed financial results for the first quarter. The company saw growth in its core operations but experienced a significant decline in overall profitability.

Revenue Growth Amid Declining Total Income

Svam Software's revenue from operations increased by 11% year-over-year, reaching ₹6.49 lakhs compared to ₹5.85 lakhs in the same quarter of the previous year. However, the company's total income saw a substantial decrease, dropping to ₹9.99 lakhs from ₹15.07 lakhs. This decline was primarily attributed to a significant reduction in other income, which fell from ₹9.23 lakhs to ₹3.50 lakhs.

Sharp Decline in Profitability

The company's profit before tax (PBT) experienced a sharp decline, falling to ₹1.04 lakhs from ₹7.10 lakhs in the corresponding quarter of the previous year, representing an 85% decrease. This substantial drop in profitability can be largely attributed to the reduction in other income.

Cost Management Efforts

Despite the challenges, Svam Software demonstrated efforts in cost management:

• Employee benefit expenses were reduced to ₹0.48 lakhs from ₹2.40 lakhs.
• Finance costs were completely eliminated.

These cost-cutting measures helped to partially offset the impact of reduced income on the company's bottom line.

Key Financial Metrics

Earnings Per Share

The basic and diluted earnings per share (EPS) for the quarter stood at ₹0.01, reflecting the impact of reduced profitability on shareholder returns.

Management Commentary

The company's financial results were reviewed by the Audit Committee and approved by the Board of Directors. The management has not provided specific commentary on the results or future outlook in the available information.

Svam Software Limited continues to operate within a single primary business segment, focusing on the trading of shares and securities. The company's ability to grow its core operations revenue in a challenging environment demonstrates some resilience, but the significant decline in other income and overall profitability may be areas of concern for investors and stakeholders moving forward.