Pursuant to the Regulation 30 of SEBI lodr, We wish to inform you that Mr Ramlal Kisan Sarote has tendered a resignation due to preocuupation of Service from the office of Independent Director.
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Mr. Ramlal Kisan Sarote (DIN: 07921070) has resigned from his position as Independent Director of Suyog Gurbaxani Funicular Ropeways Ltd, effective from the close of business hours on October 29, 2025. The reason cited for his resignation is 'pre-occupation of services.' The resignation letter has been submitted to the Board of Directors and the company has intimated BSE under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR). No details about the reasons beyond pre-occupation or any other governance concerns were disclosed.
The departure reduces the strength of the independent oversight on the board. Investors should watch for whether a replacement Independent Director is appointed within the SEBI-mandated timeframe to maintain board composition compliance.