Suyog gurbaxani funicular ropeways Limited has successfully completed and inaugurated its ropeway project at Haji Malang, Maharashtra, marking a significant operational milestone for the company. The project was officially inaugurated on January 18, 2026, as announced through a regulatory filing under SEBI Listing Regulations.

Project Details and Implementation

The ropeway project is located at Haji Malang in Malang Gad, Maharashtra, and was developed under a comprehensive Engineering, Procurement and Construction (EPC) Agreement. The implementation was carried out in partnership with Supreme Suyog Funicular Ropeways Private Limited, which served as the contracting entity for the project development and completion.

Regulatory Compliance and Disclosure

The company made this announcement pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was filed with BSE Limited, where the company's shares are listed under scrip code 543391. Company Secretary and Compliance Officer Ameya Dhananjay Bodas signed the regulatory filing on January 19, 2026.

Business Impact

The successful completion and inauguration of the Haji Malang ropeway project represents a significant achievement in Suyog Gurbaxani Funicular Ropeways Limited's operational portfolio. The company stated that this disclosure is being made in the ordinary course of business, indicating the project completion aligns with their regular business operations and strategic objectives.

The project completion demonstrates the company's capability in executing complex ropeway infrastructure projects and strengthens its position in the funicular ropeway development sector. The successful partnership with Supreme Suyog Funicular Ropeways Private Limited also highlights the company's collaborative approach to project implementation.

Suyog Gurbaxani Funicular Ropeways Limited has announced the appointment of Mr. B. Padmanabhan as Additional Independent Director, effective January 13, 2026. The appointment was approved by the company's Board of Directors based on the recommendation of the Nomination and Remuneration Committee, in compliance with Regulation 30 of the Securities and Exchange Board of India Listing Regulations.

Appointment Details

The key parameters of Mr. Padmanabhan's appointment are outlined below:

Professional Background

Mr. B. Padmanabhan brings extensive experience to the role, with over 40 years in finance and exposure to legal, secretarial, mergers and acquisitions, and information technology sectors. He is a fellow member of the Institute of Chartered Accountants of India (ICAI) and is registered with the Indian Institute of Corporate Affairs (IICA) as an Individual Independent Director.

Currently, he operates PRABAL Consultancy Services, following his tenure as Group CFO of India's second-largest auto component group until December 2017, which had revenues of approximately $1.6 billion. His career includes serving as CFO and Head of Finance, Accounts, Taxation, MIS, IT, Legal & Secretarial across four reputed companies.

Key Expertise Areas

Mr. Padmanabhan's professional experience encompasses several critical areas:

• Mergers & Acquisitions: Involvement in transactions ranging up to $100 million, including verticals of US-based companies
• Capital Markets: Experience with venture capital and private equity transactions up to $50 million
• Financial Management: Procurement of various forex and INR loans, including commercial paper, debentures, term loans, and international financing
• Corporate Transformation: Leadership in IT transformation, company restructuring, and corporate governance standards

International Experience

His international exposure includes directorship roles in multiple companies across different jurisdictions, including Varroc Elastomers Pvt. Ltd., Varroc European Holding BV (Netherlands) as Managing Director, IMES Italy, Aries Mentor Holding BV Italy, and entities in British Virgin Islands and China.

Recognition and Compliance

Mr. Padmanabhan has received recognition from ICAI for his valued contribution in leadership and management roles in the industry. The company has confirmed that he is not debarred from holding directorship by any SEBI order or other authority, and has not been convicted of any offence related to company promotion, formation, or management under the Companies Act, 2013 or previous legislation in the last five years.

The appointment requires shareholder approval in due course, and Mr. Padmanabhan is not related to any existing directors of the company. Company Secretary & Compliance Officer Ameya Bodas signed the regulatory filing on January 13, 2026.