Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements), Regulation 2015, with reference to the noting of Resignation of Independent Director.
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Suratwwala Business Group Ltd has submitted a clarification to BSE regarding the resignation of Ms. Dimple Sanghvi from the position of Non-Executive Independent Director. The company confirmed that as on the date of her resignation, she does not hold any directorship in any other listed entities. This filing is a follow-up to the original outcome of board meeting submitted on August 13, 2025, made in response to a query raised by the BSE office. No reasons for the resignation or successor details have been disclosed in this clarification.
A single independent director resignation without additional context is a routine board change and is unlikely to materially affect the stock price. Investors should watch for any further disclosures about replacement appointments or if the position remains vacant for an extended period, which could raise governance concerns.