Svarnim Trade Udyog Limited announced at its board of directors meeting held on August 30, 2022 resignation of Independent Director: Mr. Bindess Kurrani (DIN: 08915870) has resigned from the post of Independent Director of the Company with effect from 30th August, 2022 due to personal reasons. Further, the Company has received confirmation from Mr. Bindess Kurani that there are no other material reasons for his resignation other than those mentioned in his resignation letter. Pursuant to Regulation 30 of SEBI Listing Obligation and Disclosure Regulation 2015 Resignation of Independent Director: Ms. Bhavika Vankar (DIN: 09014060) has resigned from the post of Independent Director of the Company with effect from 30th August, 2022 due to personal reasons.

Further, the Company has received confirmation from Ms. Bhavika Vankar that there are no other material reasons for his resignation other than those mentioned in his resignation letter.