Sagar Diamonds Limited has announced the resignation of Ms. Monica Soni from her position as Independent Director, effective November 10, 2025. The company informed the BSE on January 31, 2026, about this corporate governance change in compliance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirement Regulations), 2015.

Board Resolution and Acceptance

The Board of Directors formally accepted Monica Soni's resignation during their meeting held on November 10, 2025, at 11:00 AM at the company's registered office. The resignation was originally tendered on October 31, 2025, citing personal reasons as the primary factor for her decision to step down.

Corporate Compliance and Appreciation

The Board has placed on record its sincere appreciation for the guidance and services rendered by Monica Soni during her association with the company. Managing Director Vaibhav Dipak Shah has been authorized to file the necessary e-forms with the Registrar of Companies and complete all required procedural formalities.

Company Information

Sagar Diamonds Limited, listed on BSE with scrip code 540715, operates from its registered office in Surat, Gujarat, and maintains its corporate office in Mumbai. The company has ensured full compliance with regulatory requirements by promptly notifying the stock exchange about this directorship change as mandated under SEBI regulations.

Sagar Diamonds Limited has officially declared that its statutory auditors have issued an unmodified audit opinion for the company's annual audited standalone financial results for the year ended 31st March, 2024. The declaration was made pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Clean Audit Certification

The audit was conducted by M/s. Manish K Ramawati And Company & Co, Chartered Accountants (Firm Registration Number: 0135914W), who served as the company's statutory auditors. The unmodified opinion indicates that the financial statements present a true and fair view of the company's financial position without any qualifications or adverse remarks.

The company confirmed that since the audit report contains no qualifications, the statement on impact of audit qualification is not required to be submitted. This clean audit opinion reflects positively on the company's financial reporting standards and compliance with accounting principles.

Regulatory Compliance Communications

Sagar Diamonds Limited also submitted explanations to the Bombay Stock Exchange Limited regarding delays in outcome submissions. The company addressed two separate instances of delayed submissions dated 30.05.2025 and 20.01.2026, attributing the delays to unforeseen circumstances and technical issues beyond their control.

The company expressed regret for the inconvenience caused and assured the exchange that corrective measures have been implemented to ensure timely submissions in the future. These communications demonstrate the company's commitment to maintaining transparency with regulatory authorities.

Company Information

Sagar Diamonds Limited operates from its registered office at Plot No. 266-B, SEZ Diamond Park, Sachin, Surat, Gujarat 394230, with corporate offices in Mumbai. The declaration was signed by Vaibhav Dipak Shah, Managing Director of the company, confirming the accuracy of the audit opinion status for regulatory records.