Sagar Diamonds Ltd — Important, 18-08-2025: Company Update

Sagar Diamonds Limited has addressed past delays in compliance filings, explaining they were due to the absence of a qualified Company Secretary, inexperienced staff, frequent management changes, and ongoing operational restructuring. The company confirmed no ill intent and is now actively strengthening its compliance framework. This includes initiating the appointment of a qualified Company Secretary and implementing an internal review mechanism. These steps aim to ensure timely future compliance and improve corporate governance, which is positive for stakeholder confidence.