In terms of Regulation 30 of SEBI LODR 2015 and based on the outcome of Board Meeting held on November 12, 2025, the Board has reconstituted its Committees
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The Board of Suyog Gurbaxani Funicular Ropeways, at its meeting on November 12, 2025, has reconstituted two key committees. Independent Director Nandan Kumar Basu has been appointed as Member and Chairman of the Audit Committee. He has also been added as a Member to the Nomination and Remuneration Committee, which now has four members chaired by Director Hrishikesh Deodatta Marathe. The changes are effective from November 12, 2025. The reconstitution brings an independent director into a leadership role on the audit committee, which is a governance-positive move.
This is a routine governance update with no direct impact on shareholders or stock price. Strengthening the Audit Committee with an independent director as chairperson typically improves oversight and may be viewed positively by governance-focused investors.