Suratwwala Business Group Limited has informed the Exchange regarding Appointment of Mrs. Priyanka Oka as Non- Executive Independent Director of the company w.e.f. August 14, 2025.
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Awaiting price reaction for this filing.
Suratwwala Business Group's board met on August 13, 2025 and approved Q1 FY26 (June 30, 2025) financial results showing strong growth: consolidated revenue from operations jumped to Rs. 1,595.19 lakhs (vs Rs. 874.07 lakhs in Q1 FY25) and net profit rose to Rs. 532.85 lakhs (vs Rs. 408.15 lakhs). Standalone revenue climbed to Rs. 1,519.02 lakhs with net profit of Rs. 534.91 lakhs. Independent Director Ms. Dimple Sanghvi resigned to pursue further education, and Mrs. Priyanka Oka (a Practising Company Secretary with 11+ years of experience) was appointed as Additional Non-Executive Independent Director effective August 14, 2025 for a 3-year term. The company also appointed Pusalkar & Co as new Secretarial Auditor (5-year term) and Joshi & Sahney as Internal Auditors for FY26, replacing prior auditors who stepped down due to pre-occupancies. The 18th AGM is scheduled for September 30, 2025.
Positive operational signal with revenue nearly doubling and profit growing ~30% YoY in Q1 FY26. Board reshuffle and auditor changes are routine compliance matters with no governance red flags, though investors may note the CFO change (Deepak Kalera out, Manish Kasliwal in w.e.f. April 2025) already disclosed in this filing.