Svarnim Trade Udyog Appoints New Director, Reorganizes Board Committees

Svarnim Trade Udyog Ltd announced significant changes to its board of directors, effective April 22, 2026. Mr. Gulshan Kumar Aggarwal has been appointed as an Additional Non-Executive and Non-Independent Director. Concurrently, Ms. Sangeeta Aggarwal resigned from her Non-Executive and Non-Independent Director position due to personal reasons.

In line with these appointments and resignations, the company has reconstituted its Nomination and Remuneration Committee (NRC) and Stakeholder Relationship Committee (SRC). These changes aim to reflect the new board structure and ensure continued governance oversight.

Svarnim Trade Udyog, which operates in textile trading and financing, has a paid-up equity capital below Rs 10 Crore and a net worth not exceeding Rs 25 Crore. This financial scale means certain SEBI corporate governance provisions are not applicable to the company.

Investors will likely monitor the impact of these board shifts, especially given the company's past regulatory challenges. The Securities and Exchange Board of India (SEBI) previously issued an interim order and show cause notice related to alleged market manipulation via a 'pump and dump' scheme involving the company's shares. Shareholders will look for how the new board composition and committee dynamics influence the company's strategic direction and governance practices, particularly in light of prior regulatory scrutiny.