This is to inform you that Mr. Satish Jayantilal Khimawat, Non-Executive Independent Director and Mr. Sharad Deoraj Jain, Non-Executive Non-Independent Director of Suumaya Corporation Limited ....
Awaiting price reaction for this filing.
Suumaya Corporation has informed the stock exchanges that two of its directors resigned on November 11, 2025, effective from the close of business hours that same day. Mr. Satish Jayantilal Khimawat, a Non-Executive Independent Director (DIN: 07769130), stepped down citing prior commitments, and he also held directorships in Suumaya Industries Limited where he chaired the Nomination & Remuneration and Risk Management committees. Mr. Sharad Deoraj Jain, a Non-Executive Non-Independent Director (DIN: 01686035), also resigned on the same day for the same stated reason. Both directors confirmed there are no other material reasons for their exit and have requested the board to file the necessary intimations with regulators.
Two directors exiting on the very same day could draw investor attention to board stability at Suumaya, even though no adverse reasons have been disclosed publicly. The company will likely need to appoint replacement directors soon to maintain the required board composition under SEBI norms.