South Asian Enterprises has announced the demise of Prem Narain Parashar, who served as a Non-Executive, Independent Director of the company. Parashar passed away on Friday, July 24, 2026. Consequently, his cessation from the role of Independent Director and all other positions within the company is effective immediately from that date. This leadership change marks a significant update for the company’s board composition.

The disclosure was submitted to BSE Limited on July 24, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026, dated January 30, 2026, which governs such disclosures. Khushi Garg, Company Secretary & Compliance Officer of South Asian Enterprises, signed the communication confirming the details.

Parashar held DIN 09691343 during his tenure with the company. The announcement confirms that his departure is due to death, and no further profile details or relationship disclosures are applicable in this context. The company has requested the exchange to take these changes on record immediately.

Director Cessation Details

Regulatory Compliance

The notification adheres to mandatory listing obligations requiring timely disclosure of changes in directorship. By citing both Regulation 30 and the specific SEBI Master Circular, South Asian Enterprises ensures full regulatory transparency regarding the vacancy created by Parashar’s demise. Investors and stakeholders are advised to note this change in the company’s governance structure.

South Asian Enterprises Ltd has disclosed that Regulation 23(9) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, is not applicable to the company regarding the submission of disclosures on Related Party Transactions for the half year ended March 31, 2026.

The company stated that the regulation does not apply because neither the paid-up equity share capital nor the net worth exceeded the specified thresholds as of the last day of the previous financial year, March 31, 2025. Specifically, the paid-up equity share capital did not exceed ₹10 crore, and the net worth did not exceed ₹25 crore.

Financial Thresholds

The following table outlines the financial metrics as of March 31, 2025, which determine the applicability of the regulation:

Pursuant to Regulation 15(2) of the Listing Regulations, the company submitted this intimation to the BSE to confirm that the disclosure requirements for Related Party Transactions are not triggered for the stated period.