Simbhaoli Sugars Limited — Important, 29-08-2025: Disclosure of material issue

**Simbhaoli Sugars (#SIMBHALS) Alert:** Independent Director Mr. Raghav Sharma has stepped down from the board due to personal and professional commitments.

**Issue:** The company faces a vacancy for an Independent Director following Mr. Sharma's resignation.

**Possible Impact:** This creates a need for Simbhaoli Sugars to appoint a new Independent Director to maintain its board structure and comply with corporate governance norms. Given the stated reasons are personal, the immediate operational or financial impact on the company is likely minimal.

**Company's Response:** Simbhaoli Sugars has promptly disclosed the resignation and confirmed that there are no other material reasons for his departure beyond those mentioned. Investors will be keen to see the company's plan for filling this board position. #CorporateGovernance