Suratwwala Business Group Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2025
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Suratwwala Business Group Limited held its 18th Annual General Meeting on September 30, 2025 via video conferencing from 3:00 PM to 4:05 PM. The company has 10,733 shareholders as on the cut-off date of September 23, 2025, of which 41 members attended through VC. Eight resolutions were transacted, including adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025, re-appointment of Managing Director Mr. Jatin Suratwala (who retires by rotation), declaration of a dividend on equity shares for FY24-25, appointment of new secretarial auditors, regularization of Mrs. Priyanka Oka as Non-Executive Independent Director for 3 years, and approval of material related party transactions with three group entities (Suratwwala Properties LLP, Suratwwala Natural Energy Resource Pvt Ltd, and Suratwwala Royyal Hills Properties LLP). The Statutory and Secretarial Audit Reports had no qualifications. Voting results are awaited within two working days.
A dividend has been proposed for FY24-25, which is a positive signal for shareholders. The approval of related party transactions with three group entities is a governance point worth monitoring, though common for companies with promoter-linked businesses. Voting results on the resolutions are pending and could move the stock once announced.