This is to inform you that Mr. Ishtiaq Ali, Non-Executive Independent Director of Suumaya Corporation Limited has tendered his resignation, which is effective from November 20, 2025.
Awaiting price reaction for this filing.
Suumaya Corporation Ltd has informed the stock exchange that Mr. Ishtiaq Ali (DIN: 02965131), a Non-Executive Independent Director, has resigned from the board effective from the close of business hours on November 20, 2025. The reason cited in his resignation letter is 'prior commitments,' and he confirmed there are no other material reasons for his exit. Mr. Ali also served on the boards of Shree Pushkar Chemicals & Fertilisers Limited as an independent director and committee member. The company has filed the required disclosures under SEBI Listing Regulations along with his resignation letter.
This is the resignation of one independent director due to personal time constraints, with no governance concerns flagged. For shareholders, this is a routine board-level change and is unlikely to have a material impact on the stock price, though investors may want to track whether a replacement independent director is appointed in due course to maintain board composition norms.