Sagar Diamonds Ltd — Important, 20-08-2025: Company Update

Sagar Diamonds Limited has provided reasons for the delay in filing its March 31, 2024 financial results. The company cited a lack of a qualified Company Secretary, limited and inexperienced staff, frequent management changes, and ongoing operational restructuring as primary causes. The company has assured the exchange there was no ill intent and is now taking steps to strengthen its compliance framework, including hiring a new Company Secretary and implementing an internal review process. This update clarifies past issues and signals improved governance ahead.