Outcome of Board Meeting held on 04th September, 2025 - Notice for AGM and Resignation of Directors.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Sita Enterprises' board, which met on 4 September 2025, approved the notice for the Annual General Meeting to be held on 29 September 2025. Three members of the Tulsyan family – Sanju Ashok Tulsyan, Sneha Ashok Tulsyan, and Ashok Tulsyan – tendered their resignations from the board, all citing the change in management under the Share Purchase Agreement dated 24 December 2024. Sanju and Sneha will step down from the close of business hours on 15 September 2025, while Ashok Tulsyan will resign as Whole Time Director from the conclusion of the AGM on 29 September 2025 and will not seek re-appointment after retiring by rotation. None of the three cited any other material reason for leaving, and all confirmed routine cooperation during their tenure.
This is a full exit of the previous promoter family's board representation, clearing the way for the new management (buyers under the Dec 2024 SPA) to install their own directors. Shareholders can expect fresh board appointments and possible shifts in strategy, though the change was already flagged by the share purchase deal nearly nine months earlier.