Suratwwala Business Group Limited has informed the Exchange regarding Resignation of Ms. Dimple Kirit Sanghvi as Non- Executive Independent Director of the company w.e.f. August 13, 2025.
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Suratwwala Business Group's board met on August 13, 2025 and approved unaudited Q1 FY26 results with strong growth: consolidated revenue from operations rose to Rs. 1,595.19 lakhs (up from Rs. 874.07 lakhs in Q1 FY25, an ~82% jump), while net profit climbed to Rs. 532.85 lakhs (from Rs. 408.15 lakhs). On the board, independent director Ms. Dimple Kirit Sanghvi resigned citing further education and personal commitments, and Mrs. Priyanka Oka (a Practising Company Secretary with 11+ years of experience) was appointed as Additional Non-Executive Independent Director, both effective around mid-August 2025. The board also appointed Pusalkar & Co. as Secretarial Auditor for five years (FY26–FY30) and Joshi & Sahney Chartered Accountants as Internal Auditor for FY26. The 18th AGM has been scheduled for September 30, 2025.
Strong YoY revenue and profit growth in Q1 FY26 is a positive signal for shareholders, while the orderly independent director change-over and new auditor appointments suggest routine governance housekeeping with no material red flags. Stock-price impact is likely neutral; investors should track whether the new independent director strengthens board oversight.