Svarnim Trade Udyog Limited has announced a key leadership change with the resignation of its Company Secretary and Compliance Officer. The company formally notified stock exchanges about this corporate governance development on January 20, 2026.

Leadership Transition Details

Ms. Priya Singh has tendered her resignation from the position of Company Secretary and Compliance Officer, effective January 20, 2026. The resignation was communicated to both BSE Limited and Metropolitan Stock Exchange of India Limited in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Background

In her resignation letter, Ms. Priya Singh cited personal reasons for her departure, specifically mentioning her inability to devote adequate time to the company. She expressed gratitude to the Board of Directors for the opportunity to serve as Company Secretary and acknowledged her positive experience working with the organization.

Regulatory Compliance

The company has fulfilled its disclosure obligations under SEBI regulations by providing comprehensive details about the resignation. Surbhi Aggarwal, Whole-time Director with DIN 08409763, signed the official communication to the stock exchanges. The company confirmed that Ms. Singh provided assurance that no other material reasons exist for her resignation beyond those stated in her resignation letter.

Company Information

Svarnim Trade Udyog Limited operates with CIN L65993WB1982PLC335067 and maintains its registered office at 3A Mangoe Lane, 1st Floor Surana House, Kolkata, West Bengal. The company's corporate office and warehouse are located in Nakodar, District Jalandhar, Punjab. The company's securities are listed on BSE Limited under script code 539911 and on Metropolitan Stock Exchange of India Limited under the symbol SVARNIM.

Svarnim Trade Udyog Limited , a company listed on the BSE and Metropolitan Stock Exchange of India, has submitted a draft scheme to significantly reduce its paid-up share capital. The proposed reduction aims to address the company's accumulated losses and present a more accurate financial picture.

Key Points of the Capital Reduction Scheme

• Reduction Percentage: 99% of the current paid-up share capital
• Current Capital: Rs. 2.43 crore
• Proposed Capital: Rs. 2.43 lakh
• Amount to be Cancelled: Rs. 2.41 crore
• Purpose: To write off accumulated losses

Impact on Shareholders

The capital reduction will have a substantial impact on the company's share structure:

Shareholders will need to exchange 100 existing shares for 1 new share after the reduction.

Financial Context

The company's latest balance sheet data provides context for this decision:

The negative reserves and surplus, coupled with the unchanged share capital, indicate the need for financial restructuring.

Rationale and Implications

1. Balance Sheet Cleanup: The scheme aims to provide a more realistic view of the company's financial position by aligning the share capital with available assets.

2. Future Positioning: By writing off accumulated losses, Svarnim Trade Udyog may be better positioned for potential future growth or investment opportunities.

3. Shareholder Impact: While the reduction doesn't directly affect the proportional ownership of shareholders, it significantly reduces the number of shares they hold.

4. Regulatory Compliance: The company has submitted the draft scheme in compliance with SEBI regulations, specifically under Regulation 37(5)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

5. No Cash Outflow: The scheme does not involve any cash payout to shareholders or reduction in unpaid liabilities, focusing solely on internal financial restructuring.

It's important to note that this scheme is still in the draft stage and requires various approvals, including from shareholders and regulatory bodies, before implementation. Investors should closely monitor further announcements and seek professional advice if needed to understand the full implications of this corporate action on their investment.