Shanti Guru Industries Limited has provided additional clarification regarding the resignation of Independent Director Mr. Jayaraman Madhusuthan, following a compliance query from BSE Limited. The company disclosed that the resigning director held concurrent directorship in another listed entity.

BSE Compliance Query Response

In response to BSE's query regarding additional details required under SEBI Circular dated November 11, 2024, for corporate announcements filed under Regulation 30 of SEBI (LODR) Regulations, 2015, the company submitted fresh disclosure on December 17, 2025. The exchange had observed that required details under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, were not mentioned in the original announcement.

Director Resignation Details

Mr. Jayaraman Madhusuthan (DIN: 09841051) resigned from his position as Independent Director with effect from August 25, 2025, due to personal and unavoidable circumstances. The director cited pre-occupation elsewhere as the primary reason, stating he would not be able to tender his responsibilities towards the company.

Concurrent Directorship Disclosure

Following BSE's compliance query, Shanti Guru Industries disclosed that Mr. Madhusuthan held directorship in Jeyyam Global Foods Limited (CIN: L15400TN2008PLC066955), an SME-listed entity on BSE. He was appointed as Non-Executive Director of Jeyyam Global Foods with effect from April 14, 2025.

Board Composition Changes

The company had previously announced the appointment of two new directors during the same board meeting on August 25, 2025:

Ms. Sarika S Sangavi

• Appointed as Additional Director (Non-Executive)
• Liable to retire by rotation
• Related to Promoter Director and Chief Financial Officer

Mr. Santosh Choudannanavar

• Appointed as Additional Director (Non-Executive Independent)
• Five-year term subject to member approval
• Commerce Graduate with 10 years experience in retailing, consultancy, and finance

Management Changes

Concurrent with the board changes, the company also witnessed changes in key management positions:

Committee Reconstitution

Following the board reconstitution, all committees have been restructured with Mr. Santosh Choudannanavar serving as Chairman of the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee.

Business Developments

The company announced plans to establish a manufacturing facility in Krishnagiri district for food products including soya chunks and vermicelli. To meet working capital requirements, the company plans to sell its freehold land at Madhayaram measuring approximately 150 cents.

Shanti Guru Industries Limited, a company listed on the BSE SME platform, has announced significant changes in its leadership structure and strategic plans for expansion. The company's board meeting, held on August 25, 2025, revealed several key decisions that are set to shape its future direction.

Leadership Changes

The company has made notable appointments to strengthen its board and management team:

• Ms. Sarika SSangavi has been appointed as an Additional Director (Non-Executive) of the company. As a promoter of the company, she is related to other promoters and promoter directors.

• Mr. Santosh Choudannanavar joins as an Additional Director (Non-Executive Independent) for a five-year term. With a background in commerce and 10 years of experience in retailing, consultancy, and finance, he brings valuable expertise to the board.

• Mr. Shripal Sanghavi has been appointed as the new Chief Financial Officer (CFO), replacing Mr. Mahipal Sanghavi, who resigned due to personal reasons. Mr. Shripal Sanghavi, as a promoter, is expected to contribute his expertise to the company's vision, mission, and goals.

Mr. Jayaraman Madhu Suthan, an Independent Director, has resigned from the board due to personal and unavoidable circumstances.

Board Committee Restructuring

Following these changes, the company has reconstituted its board committees. The Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee, and Risk Management Committee have all been restructured to incorporate the new board members.

Expansion Plans

Shanti Guru Industries has announced plans to establish a new manufacturing facility in the Krishnagiri district. This facility will focus on producing soya chunks and vermicelli, marking a strategic move to diversify the company's product portfolio. The decision comes as a response to the challenges faced in the retail industry's margins.

Financial Strategy

To fund its working capital needs, the company plans to sell its freehold land in Madhavaram, measuring approximately 150 cents. This move is expected to provide the necessary financial resources to support the company's expansion plans and operational requirements.

Annual General Meeting

The 15th Annual General Meeting (AGM) of Shanti Guru Industries Limited has been scheduled for September 26, 2025, at 12:00 Noon. The meeting will be conducted via video conferencing and other audio-visual means.

Key dates for shareholders:

• E-voting period: September 22, 2025 (10 am) to September 25, 2025 (5 pm)
• Cut-off date for e-voting eligibility: September 19, 2025
• Book closure: September 20, 2025, to September 26, 2025 (both days inclusive)

These developments signify a period of transition and strategic realignment for Shanti Guru Industries Limited as it navigates challenges in the retail sector and positions itself for future growth.