Swati Projects Limited has announced a significant leadership transition following its Board of Directors meeting held on February 06, 2026. The company has disclosed changes in key management positions as part of an internal restructuring initiative.

Leadership Transition Details

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.

Board Resolutions

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. Simultaneously, the Board approved his appointment as Whole Time Director, subject to approval from shareholders at the ensuing general meeting.

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 Background

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

• Member of the Institute of Company Secretaries of India (ICSI)
• More than 8 years of experience in Secretarial & Corporate Affairs
• Membership Number: A49203
• No relationships with other Directors of the company

Regulatory Compliance

The company has fulfilled all disclosure requirements pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. 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.

Strategic Implications

This internal transition reflects the company's strategic approach to leadership development and organizational restructuring. The appointment is subject to shareholder approval at the next general meeting, where Mr. Todi will be liable to retire by rotation as per standard corporate governance practices.

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 in compliance with listing regulations.

Swati projects Limited has announced a board meeting scheduled for February 6, 2026, at 3:30 PM at the company's registered office to discuss significant organizational changes. The meeting, convened under Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, will address key leadership transitions within the company.

Meeting Agenda and Key Decisions

The board meeting will focus on several critical agenda items related to Mr. Ravi Todi's role transition within the organization. The primary discussions will center around his resignation from one position and subsequent appointment to a new executive role.

Leadership Transition Details

The meeting will address Mr. Ravi Todi's resignation from his current position as Company Secretary & Compliance Officer, a Key Managerial Personnel role, effective from February 6, 2026. Simultaneously, the board will consider his appointment as a Whole-Time Director of the company, also effective from the same date, subject to shareholder approval in the next General Meeting.

Remuneration and Regulatory Compliance

The board will also deliberate on approving the terms of appointment and remuneration payable to Mr. Ravi Todi in his new capacity as Whole-Time Director. Additionally, the meeting will authorize directors or authorized persons to sign and file Form DIR-12 and other necessary documents with the Registrar of Companies regarding both the resignation and the new appointment.

Company Information

Swati Projects Limited, incorporated under CIN L65993WB1983PLC036332, operates from its registered office at 13, Ganesh Chandra Avenue, Kolkata. The company's shares are listed on multiple exchanges including BSE (Scrip Code: 543914), Calcutta Stock Exchange (Code: 029458), and Metropolitan Stock Exchange of India Limited (Symbol: SWATI), with ISIN INE210F01016.