Sun Retail Ltd accepted the resignations of two directors on September 7, 2026. The departures include the company’s whole-time director and chief financial officer.

Mr. Dharamjit Bhupatsinh Mori stepped down from his role as whole-time director and CFO. Mr. Rajesh Chinubhai Sutaria resigned as an additional non-executive non-independent director. Both exits became effective at the close of business on September 7, 2026.

Resignation Details

The company disclosed the changes under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was read with Part A of Schedule III of the Listing Regulations and Master Circular No SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Both directors cited pre-occupation of work elsewhere as the reason for their resignation. They stated they were no longer in a position to devote time to the company’s affairs.

Sanjay Patil, managing director of Sun Retail, signed the disclosure letter addressed to the Listing and Compliance Department of the Bombay Stock Exchange Limited.

Sun Retail appointed Sanjay Patil as Managing Director and Bharatbhai Kanjibhai Patel as Additional Director on August 27, 2026. The board approved the changes during a meeting held that evening. Both appointments require shareholder approval at the upcoming Annual General Meeting.

Leadership Changes

The board designated Mr. Patil first as an Additional Director before appointing him to the role of Managing Director. His term lasts five years starting from August 27, 2026. Mr. Patel joins as an Additional Non-Executive Non-Independent Director with effect from the same date.

Appointee Profiles

Mr. Patil brings extensive experience in jewellery manufacturing. He has expertise in gold jewellery production, quality control, and manufacturing techniques including handmade and casting methods. He previously held senior roles in quality control and production at Culture Antique Jewellery Pvt. Ltd., Orna Jewels, Fame Jewels Pvt. Ltd., Abhishek Zaveri, and Forever Precious Jewellery & Diamond Ltd.

Mr. Patel is an experienced business owner specializing in grocery store operations. His expertise covers inventory management, procurement, and customer service. He focuses on managing suppliers, maintaining optimal stock levels, and ensuring efficient day-to-day operations.

Regulatory Disclosures

The company disclosed these appointments pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references Schedule III of the Listing Regulations and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015.

Neither appointee holds any inter-se relations with other members of the board. The company confirmed that neither director is debarred from holding office by virtue of any SEBI order or other authority.