Svarnim Trade Udyog : Reconstitution of the Committees

About this update from Svarnim Trade Udyog Ltd.

Date: 12 th August, 2026 To, BSE Limited Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai - 400 001 Security Id: SNIM Script Code: 539911 To, The Head - Listing & Compliance Metropolitan Stock Exchange of India Limite Exchange Square, Suren Road, Chakala, Andheri (East), Mumbai - 400 093 Symbol: SVARNIM Series: EQ Dear Sir / Madam, Subject: Outcome of Board Meeting and Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company, in their meeting held today i.e. Wednesday, 12 th August, 2026 at registered office of the Company situated at 3A Mangoe Lane, 1 st Floor Surana House, Kolkata, West Bengal, India, 700 001, which commenced at 05:30 P.M. and concluded at 07:30 P.M. inter alia has considered and approved the following: Appointment of Ms. Nidhi Bansal (DIN: 09693120) as an Additional Non-Executive and Independent Director of the Company w.e.f. 12 th August, 2026. Change in Registered office of the Company from 3A Mangoe Lane, 1 st Floor Surana House, Kolkata, West Bengal, India, 700001 (In the State of West Bengal) to Maa Chintpurni Traders Gali Punjab Guest House Wali Colony Ashok Vihar, Nurmahal Road, Nakodar Distt. Jalandhar, Punjab, India, 144040 (In the State of Punjab) Subject to the approval of shareholders at the ensuing AGM. Taking Note of resignation of M/s. D G M S & Co., Chartered Accountants, Jamnagar (FRN: 0112187W) has resigned as a Statutory Auditor of the Company w.e.f. 12 th August, 2026. The copy of the resignation letter dated 12 th August, 2026 with Annexure as received from M/s. D G M S & Co., Chartered Accountants, Jamnagar is attached herewith. There were no concerns raised by the resigning auditor with respect to the management of the Company or the resignation. Hence, there was no deliberation on same required to be done by the Audit Committee and consequent disclosure of Audit Committee's view is not applicable. Based on the recommendation of the Audit Committee, the Board recommended, subject to shareholders' approval, the appointment of M/s. B B Gusani & Associates, Chartered Accountants, Jamnagar (FRN: 140785W), as Statutory Auditors of the Company to fill the casual vacancy arising from the resignation of M/s. D G M S & Co., Chartered Accountants, Jamnagar (FRN: 0112187W), w.e.f. 12 th August, 2026, until the conclusion of the ensuing 44 th AGM. Based on the recommendation of the Audit Committee, the Board recommended the appointment of M/s. B B Gusani & Associates, Chartered Accountants, Jamnagar (FRN: 140785W), as the Statutory Auditors of the Company for a period of five (5) years from FY 2026-27 to FY 2030-31, subject to the approval of the members at the ensuing 44 th AGM, to hold office from the conclusion of the 44 th AGM until the conclusion of the 49 th AGM, at such remuneration and terms as may be mutually agreed from time to time. Reconstitution of the Audit Committee ("AC") of the Company w.e.f. 12 th August, 2026: Sr. No. Name of Director Category Designation 1. Ms. Chiranggi Rahul Goud Chairperson Non-Executive and Independent Director 2. Ms. Nidhi Bansal Member Non-Executive and Independent Director 3. Ms. Surbhi Aggarwal Member Non-Executive and Non-Independent Director Reconstitution of the Nomination and Remuneration Committee ("NRC") of the Company w.e.f. 12 th August, 2026: Sr. No. Name of Director Category Designation 1. Ms. Chiranggi Rahul Goud Chairperson Non-Executive and Independent Director 2. Ms. Nidhi Bansal Member Non-Executive and Independent Director 3. Mr. Gulshan Kumar Aggarwal Member Non-Executive and Non-Independent Director Taking Note of resignation of Mr. Manish Shrichand Bachani (DIN: 08013906) from the Position of Non-executive and Independent Director of the Company with effect from conclusion of the business hours on 12 th August, 2026. Further, the Company has received confirmation from Mr. Manish Shrichand Bachani that there are no other material reasons for his resignation other than those which are provided in his resignation. Approved the Notice of the 44 th Annual General Meeting ("AGM"), Director's Report and other related documents forming the part of AGM to be sent to shareholders and decided to hold 44 th Annual General Meeting ("AGM") of the Shareholders of the Company on Monday, 7 th September, 2026 at 04:00 P.M. through Video Conferences ("VC") / Other Audio-Visual Means ("OAVM"). The details required under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13 th July, 2023 are given in Annexure - I . Kindly take the same on your record and oblige us. Thanking You For, Svarnim Trade Udyog Limited SURBHI AGGARWAL Digitally signed by SURBHI AGGARWAL DN: c=IN, postalCode=400067, st=MAHARASHTRA, street=HNO 502, KOTHARI BLDG ,OPPOSITE GOKALI BAI SCHOOL ,MUMBAI SUBURBAN,NEXT TO BHAGAT SINGH GARDEN VILE PARLE WEST ,400067, l=MUMBAI SUBURBAN, o=Personal, serialNumber=7ca01e1f3699588c7ea0a0d1c501a85a8c71cab2ef68f969a4a45 cab94c040fa, pseudonym=4ed1c5b84db44f2ba4fda48c1602d49f, 2.5.4.20=707f83db873a369cdcfcfc0e444c57af08d5fef5eefa92dd6fd65c66c3a9 5bec, [email protected], cn=SURBHI AGGARWAL Date: 2026.08.12 19:55:06 +05'30' Surbhi Aggarwal Whole-time Director DIN: 08409763 Annexure - I The details required under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13 th July, 2023 are provided as below: Appointment Ms. Nidhi Bansal (DIN: 09693120) as Additional Non-Executive and Independent Director of the Company w.e.f. 12 th August, 2026: Sr. No. Particulars Details 1. Name of the Director Ms. Nidhi Bansal 2. Reason for change viz. appointment, resignation, removal, death or otherwise Appointment Term: Appointment subject to approval of Shareholders in General Meeting 3. Designation Additional Non-Executive and Independent Director 4. Date of appointment / cessation (as applicable) 12 th August, 2026 5. Brief profile (in case of appointment) Ms. Nidhi Bansal is a Qualified Company Secretary and a member of the Institute of Company Secretaries of India (ICSI) with 5 years of professional experience in the fields of Corporate Governance, Corporate Laws and other applicable laws. She possesses sound knowledge and understanding of regulatory and compliance matters and brings analytical thinking, integrity and a strong commitment towards contributing effectively to the functioning of the Company as an Independent Director. 6. Disclosure of relationships between Directors (in case of appointment of a director) Ms. Nidhi Bansal is not related to any Director of the Company. Resignation of M/s. D G M S & Co. Chartered Accountants, Jamnagar (FRN: 0112187W) as a Statutory Auditor of the Company: Sr. No. Particulars Details 1. Name M/s. D G M S & Co. 2. Reason for change viz. appointment, resignation, removal, death or otherwise Due to pre occupation in other work and assignments 3. Designation Statutory Auditor 4. Date of appointment / cessation (as applicable) 12 th August, 2026 5. Brief profile (in case of appointment) N.A. 6. Disclosure of relationships between Directors (in case of appointment of a N.A. director) 7. Letter of Resignation along with detailed reasons for resignation and Confirmation that there is no other material reasons other than those provided Letter of Resignation is attached with this annexure. M/s. D G M S & Co. has confirmed that there is no material reason for their resignation, other than those stated in the resignation letter. Appointment of M/s. B B Gusani & Associates, Chartered Accountants, (FRN: 140785W), Jamnagar ("The Firm") as Statutory Auditors of the Company to fill up the Casual Vacancy: Sr. No. Name Particulars 1. Firm Name M/s. B B Gusani & Associates 2. Firm Registration No. 140785W 3. Address 219, Manek Centre, P.N. Marg, Jamnagar, Gujarat -361008 4. Constitution Proprietary Firm 5. Reason for Change To fill the casual vacancy arising from the resignation of M/s. D G M S & Co., Chartered Accountants, Ahmedabad (FRN: 0112187W) w.e.f. 12 th August, 2026, until the conclusion of the ensuing 44 th Annual General Meeting. 6. Date of Appointment 12 th August, 2026 7. Term of Appointment With effect from 12 th August, 2026, until the conclusion of the ensuing 44 th Annual General Meeting. 8. Peer Review No. 022249 9. Brief Profile M/s. B. B. Gusani & Associates, Proprietary Chartered Accountancy Firm, is headed by CA Bhargav Bharatbhai Gusani, Associate Chartered Accountant and Bachelor of Commerce, having over 13 years of professional experience in the field of accounting, audit and taxation. The firm provides comprehensive professional services including Statutory Audit, Internal Audit, Income Tax, GST, Appeals & Submissions, Business Setup, Statutory Compliance and System Audit. The firm is committed to delivering reliable, professional and timely services, with a focus on maintaining high standards of quality, integrity and professional competence. 10. Disclosure of relationships between Directors (in case of appointment as a Director) Not Applicable Appointment of M/s. B B Gusani & Associates, Chartered Accountants, (FRN: 140785W), Jamnagar ("The Firm") as Statutory Auditors of the Company for a period of five (5) years from FY 2026-27 to FY 2030-31: Sr. No. Name Particulars 1. Firm Name M/s. B B Gusani & Associates 2. Firm Registration No. 140785W 3. Address 219, Manek Centre, P.N. Marg, Jamnagar, Gujarat -361008 4. Constitution Proprietary Firm 5. Reason for Change Appointment as the Statutory Auditors of the Company for a period of five (5) years from FY 2026-27 to FY 2030-31, subject to the approval of the members at the ensuing 44 th Annual General Meeting, to hold office from the conclusion of the 44 th Annual General Meeting until the conclusion of the 49 th Annual General Meeting to be held in the year 2031. 6. Date of Appointment 12 th August, 2026 7. Term of Appointment To hold office from the conclusion of the 44 th Annual General Meeting until the conclusion of the 49 th Annual General Meeting to be held in the year 2031. 8. Peer Review No. 022249 9. Brief Profile M/s. B. B. Gusani & Associates, Proprietary Chartered Accountancy Firm, is headed by CA Bhargav Bharatbhai Gusani, Associate Chartered Accountant and Bachelor of Commerce, having over 13 years of professional experience in the field of accounting, audit and taxation. The firm provides comprehensive professional services including Statutory Audit, Internal Audit, Income Tax, GST, Appeals & Submissions, Business Setup, Statutory Compliance and System Audit. The firm is committed to delivering reliable, professional and timely services, with a focus on maintaining high standards of quality, integrity and professional competence. 10. Disclosure of relationships between Directors (in case of appointment as a director) Not Applicable Resignation of Mr. Manish Shrichand Bachani (DIN: 08013906) from the Post of Non-executive and Independent Director of the Company w.e.f. 12 th August, 2026: Sr. No. Particulars Details 1. Name Mr. Manish Shrichand Bachani (DIN: 08013906) 2. Designation Non-Executive and Independent Director 3. Reason for change viz. appointment, resignation, removal, death or otherwise Due to personal reason 4. Date of appointment / cessation (as applicable) 12 th August, 2026 5. Brief profile (in case of appointment) Not Applicable 6. Disclosure of relationships between Directors (in case of appointment of a director) Not Applicable 7. Names of listed entities in which the resigning director holds directorships, indicating the category of directorship 8. Names of listed entities in which the resigning director holds membership of board committees, if any 9. Letter of Resignation along with detailed reasons for resignation and Confirmation that there is no other material reasons other than those provided Letter of Resignation is attached with this annexure. Mr. Manish Shrichand Bachani has confirmed that there is no material reason for his resignation, other than those stated in the resignation letter. Scarnose International Limited - Independent Director Bridge Securities Limited - Independent Director Add-Shop E-Retail Limited - Independent Director Scarnose International Limited Audit Committee - Chairperson Nomination and Remuneration Committee -Member Stakeholders' Relationship Committee -Member Bridge Securities Limited Audit Committee - Member Nomination and Remuneration Committee -Chairperson Stakeholders' Relationship Committee -Member Chartered Accountants I N D I A Hiren 1. iIarci Date: 12"' August, 2026 To, The Board of Directors, Svarnim Trade Udyog Limited 3A Mangoe Lane, 1*' Floor Surana House, Kolkata, West Bengal, i ndia, 700 001 Dear Sir / Madam, Sub: Resignation as Statutory Auditor of the Company We hereby inform you that due to pre occupation in other work and assignments, we are unable to continue as the Statutory Auditor of the C ompany. Therefore, we hereby submit our resignation as the Statutory Auditor of the Company. We, therefore, request yo u to accept this letter for resignation and oblige us. For, D G M S & CO. 6 Chartered Accountants FRN: 112187W rRH: d Eiren J Maru Partner Membership No: 11S279 Place : Mumbai Date : 12/08/2 026 (Shire tltl i ‹ ss: Office No. 10, Vihang Vihar, Opp. Gautam Park, Panchpakbadi, Thane (West) - 400 602, Maharashtra, Indie. £ all. +9t 9320268900 hi›.: 022 4601 296fi / 2fi45 2965 Lri':til: hirenmaru/o yahoo.co.uk Annexure - A Disclosure ofinformation from the statutory auditor upon resignation Sr. No. Particulars Details 1. Name of listed entity / material subsidiary Svarnim Trade Udyog Limited 2 Details of Statutory Auditor Name: Adc!ress: Contact No.: Email id: M/s. D G M S & CO., Chartered Accountants, 217/218, Manek Center, P.N. Marg, Jamnagar, Gujarat, India, 361 008 +91 93202 68900 d,sco. i an m Lcoi 3. Details o f association with listed entity / m aterial subsidiary a. Date of which a statutory a uditor was appointed 05/05/2021 b. Date on which the term of the statutory auditor was schedule to expire Conclusion of the 44"' Annual General Mee ting of the Company, which is scheduled to be held in the year 2026 c. Prior to resignation, the latest audit report / li rn ited revi ew repoi-t submitted by the auditor and date of its submission We have completed provided Unaiidited Financial Result and Li inited Review Report for the Quai'ter ended on 30'" June, 2026. 4. Detailed reasons for resignation Due to pi-e occupation in other work and assignments 5. In case of any concerns, efforts made by the auditor prior to resignation (including approaching the Audit Committee / Board of Directors along with the date of communication made to the ?ud it Committee / Board of Directors) Not applicable 6. I n case the inforrnation requested by the auditor was not pi'ovided, then following shall be d isclosed Not applicable a. Whether the inability to obtain sufficient appropriate a udit evidence was due to a manageinen I - innposed limitation or circum stances beyond the control the managernen t. Not applicable b. Whether the lack of information would have significant impact on the financial statements / results. """ # A cG*" c. Whethei- the auditor has performed alternative procedures to obtain appropriate evidence for the purposes of audit/limited review as la id down in SA P705 (Revised) d. Whether the lack of information was prevalent in the previous reported financial statements / results. If yes, on what basis the previous audit / 1imited review reports were issued . 7. Any other facts relevant to the resignation. Not applicable Declaration We hereby confirm that the information given in this letter and its attachments is correct and complete. We hereby confirm that there is no other material reason other than those provided above for my resignation / resignation of my firm. Yours faithfully, For, D G M S & CO. Chartered Accountants reH: £RN : 112187W Hiren J Maru Partner Membership No: 115279 Place : I4umbai Date: 12/08/2026 Manish Shrichand Bachani Address: 13/A Shyamal Society, Chakaliya Road, Opp. Kanya Ashram, Dahod - 389.15.1 Date: 12 t h August, 2026 To, The Board of Directors. Svarnim Trade Udyog Limited 3A Mangoe Lane, 1*' Floor Surana House, Kolkata, West Bengal. India, 700.001 Dear Sir / Madam, Sub: Resignation from the post ofNon-Executive Independent Director of the Company I am thankful to the Directors and Shareholders of the Company for selecting me on the Board as a Non-Execute ve Independent Director. I was exfi einely happy to work as a Non-Executive Independent Director of the Company and extended all my support for benefit of the Company. Due to my personal reason. I am tiot in a posifion to devote my time to the affairs of the Company. Accordingly. I am siibmitting my resignafion as Non-Executive Independent director of the Company with immediate effect. Therefore, you are requested to consider my resignation. Tlianki rig you Yours Faithfully. Shrichand Bachani Non-Executive Independent Director DIN: 08013906

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