Suraj Estate Developers Limited — Important, 08-01-2025: General Updates

The Board of Directors has appointed three new independent directors: Mr. Jitendra Shantilal Mehta and Mr. Vinod Prabhudas Chithore, each for a tenure of five consecutive years, and Mrs. Elizabeth Lavanya Rajan Thomas as a Non-Executive Director. These appointments are subject to shareholder approval.

The Board also restructured its committees following the resignation of Mr. Mrutyunjay Mahapatra, assigning new roles to various members. Additionally, M/s. Rathi & Associates has been appointed as the Secretarial Auditors for the financial year 2024-25. The recent changes indicate a strategic focus on enhancing governance and oversight. Investors may view these steps as a move towards strengthening the management structure, suggesting a positive outlook for the company's future performance.