Announcement under Regulation 30 (LODR) - Resignation of Independent Director w.e.f 12.08.2025.
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The board of Sulabh Engineers & Services Ltd (an NBFC) met on August 12, 2025 and approved multiple items. Key items include approval of unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025), where standalone net profit stood at Rs. 60.08 lakhs versus a loss of Rs. 22.11 lakhs in the same quarter last year, and total revenue from operations was Rs. 85.85 lakhs. The board accepted the resignation of Mr. Vijay Kumar Jain (DIN: 08208856) as an Independent Non-Executive Director with effect from close of business hours on August 12, 2025, citing personal reasons. To fill the vacancy, Mr. Vivek Awasthi, a Chartered Accountant with NBFI experience, was appointed as an Additional Independent Director for a five-year term, subject to shareholder approval. The 42nd AGM was scheduled for September 20, 2025 via video conferencing.
The resignation and replacement of a single Independent Director is a routine board change with no material governance concern. Shareholders should note the strong year-on-year swing to profit in Q1 FY26 results, though the absolute numbers remain small given the company's NBFC scale.