This is a regulatory disclosure filed with BSE Limited under Regulation 30 of SEBI (LODR) Regulations, 2015, regarding significant changes to the Board of Directors and Key Managerial Personnel of S. V. Trading & Agencies Limited.
The Board of Directors meeting was held on Tuesday, August 11, 2026, commencing at 02:30 PM and concluding at 04:15 PM. The following decisions were taken:
Director Changes:
1. Resignation of Mr. Gopal Lal Paliwal (DIN: 06522898) from the position of Managing Director with effect from August 11, 2026, due to personal and unavoidable circumstances. He will continue as a Director of the company.
2. Change in Designation of Mr. Gopal Lal Paliwal from Managing Director to Non-Executive Director Non-Independent Director under the Promoter Category, effective August 11, 2026. This change is subject to approval by members in the ensuing Annual General Meeting and is based on the recommendation of the Nomination and Remuneration Committee. Mr. Paliwal will be liable to retire by rotation. His profile indicates over 20 years of experience in mining and building material industry with expertise in Business Administration.
3. Appointment of Mrs. Jyotsana Vishnu Joshi (DIN: 06947640) as an Additional Non-Executive Independent Director for a period of five years, effective August 11, 2026. This appointment is subject to member approval in the ensuing AGM. Her profile indicates she is an Arts graduate with more than ten years of diverse experience in education and related activities.
4. Resignation of Mr. Varun Kumar Choubisa (DIN: 07412698) from the position of Independent Director with immediate effect, due to preoccupation and personal & unavoidable circumstances. He confirmed no other material reasons for resignation and holds no directorships in other listed entities.
5. Resignation of Mr. Yashawant Kumar Choubisa (DIN: 07412700) from the position of Independent Director with immediate effect, due to preoccupation and personal & unavoidable circumstances. He confirmed no other material reasons for resignation and holds no directorships in other listed entities.
6. Appointment of Mr. Manoharbhai Premshankarji Joshi as Chief Executive Officer (CEO) and designation as Key Managerial Personnel under the Companies Act, 2013, effective August 11, 2026. This is based on recommendations from the Audit Committee and Nomination and Remuneration Committee. His profile indicates rich experience in processing & trading of dairy products and food industry.
Committee Reconstitution:
Following the changes, the board committees were reconstituted:
Audit Committee:
- Mrs. Jyotsana Vishnu Joshi (Non-Executive Independent Director) - Chairperson
- Mr. Gopal Lal Paliwal (Non-Executive Director) - Member
- Mr. Kapil Paliwal (Non-Executive Independent Director) - Member
Stakeholders Relationship Committee:
- Mr. Gopal Lal Paliwal (Non-Executive Director) - Chairperson
- Mrs. Jyotsana Vishnu Joshi (Non-Executive Independent Director) - Member
- Mr. Kapil Paliwal (Non-Executive Independent Director) - Member