Announced Fri, 19 Sept · 16:08 IST

Intimation relating to change in Directorate.

Management Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Suvidha Infraestate Corporation informed the BSE that shareholders at its 33rd AGM (held September 19, 2025) approved the appointment of Ms. Parul K. Gajjar (DIN: 07142579) as a Non-Executive Independent Director for a 5-year term from September 1, 2025 to August 31, 2030. Shareholders also re-appointed Mr. Kishore K. Goswami (DIN: 00289644) as Managing Director for another 5-year term running from September 1, 2025 to August 31, 2030; he has 46 years of experience in real estate and construction and holds 1,13,510 equity shares. Additionally, M/s. Nishant Pandya & Associates were appointed as Secretarial Auditors for a 5-year period covering FY2025-26 through FY2029-30. The updated board now comprises 5 directors (1 Managing Director + 4 Independent Directors) plus the Company Secretary.

Likely market impact

This is routine board and auditor renewal with no negative governance signals. Continuity at the top — with the experienced MD re-appointed — provides leadership stability for shareholders, while the addition of a new independent director strengthens the board's independent composition.