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 exchange that two of its directors have resigned on the same day, November 11, 2025. Mr. Satish Jayantilal Khimawat, a Non-Executive Independent Director who also sat on the Audit, Nomination & Remuneration, Stakeholders' Relationship, and Risk Management committees of group company Suumaya Industries Limited, resigned citing prior commitments. Mr. Sharad Deoraj Jain, a Non-Executive Non-Independent Director, also resigned citing prior commitments. Both resignations took effect from the close of business hours on November 11, 2025, and the company has confirmed there are no other undisclosed material reasons behind either departure. The resignations were disclosed under SEBI Listing Regulations and the required annexures with details have been filed with BSE.
The simultaneous exit of two directors, including an independent director, may raise short-term governance concerns and could put pressure on the company's board composition and committee structure until replacements are appointed. Shareholders should watch for further updates on new director appointments, as SEBI rules require a minimum number of independent directors on the board.