SURATWWALA BUSINESS GROUP LIMITED has informed the Exchange about Resignation of Independent director.
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Suratwwala Business Group announced that Ms. Dimple Kirit Sanghvi (Non-Executive Independent Director) resigned effective August 13, 2025, citing her intention to pursue further education and personal commitments. The company has confirmed there are no other material reasons for her exit. To fill the vacancy, Mrs. Priyanka Oka (DIN: 08066379), a qualified Company Secretary with 11+ years of experience, has been appointed as Additional Non-Executive Independent Director for a 3-year term, subject to shareholder approval. The same board meeting also approved Q1 FY26 results, with consolidated revenue from operations jumping to Rs. 1,595.19 lakhs (up ~82% YoY from Rs. 874.07 lakhs) and net profit rising to Rs. 532.85 lakhs (vs Rs. 408.15 lakhs). Additionally, the notes disclose that the CFO, Mr. Deepak Shamlal Kalera, had already resigned in April 2025, with Mr. Manish Kasliwal taking over. The previous Secretarial Auditor and Internal Auditor were also replaced due to pre-occupations.
The independent director exit is for personal/educational reasons and is not a governance red flag, especially since a qualified replacement has been lined up. Q1 FY26 shows healthy top-line and bottom-line growth, which is a positive signal for shareholders. Multiple KMP and auditor changes in a short period are worth monitoring but appear orderly.