SURATWWALA BUSINESS GROUP LIMITED has informed the Exchange about Resignation of Independent director.
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Suratwwala Business Group's board, meeting on August 13, 2025, approved Q1 FY26 (quarter ended June 30, 2025) unaudited results showing strong growth. Consolidated revenue from operations rose ~82% year-on-year to ₹1,595.19 lakhs (vs ₹874.07 lakhs), with net profit of ₹532.85 lakhs (vs ₹408.15 lakhs) and EPS of ₹0.31. Standalone revenue was ₹1,519.02 lakhs with net profit of ₹534.91 lakhs. Ms. Dimple Kirit Sanghvi resigned as Non-Executive Independent Director to pursue further education, and Mrs. Priyanka Oka (a Practising Company Secretary with 11+ years of experience) was appointed as Additional Independent Director. New Secretarial Auditor (Pusalkar & Co.) for 5 years and new Internal Auditor (Joshi & Sahney) for FY26 were appointed, replacing prior firms that stepped down due to pre-occupations. The notes also disclose that Mr. Deepak Kalera resigned as CFO on April 4, 2025, replaced by Mr. Manish Kasliwal on April 5, 2025. The 18th AGM is scheduled for September 30, 2025.
Strong year-on-year revenue and profit growth in Q1 FY26 is positive for shareholders. The independent director change is routine and immediately filled with a qualified professional, while the CFO transition was already executed in April. The 82% revenue jump reflects healthy business momentum in the company's real estate operations.