Suratwwala Business Group has successfully completed the finalization of sale deed and agreement for a housing project redevelopment in Pune, marking a significant expansion in the city's real estate sector.

Project Details

The housing redevelopment project encompasses key parameters that highlight its scale and potential:

Strategic Significance

The completion of the sale deed represents a crucial step in the company's real estate development strategy. The project's substantial revenue projection of ₹100-110 crores indicates the significant scale and potential impact of this development initiative.

Market Position

This housing redevelopment project positions Suratwwala Business Group as an active participant in Pune's growing real estate market. The finalization of legal documentation demonstrates the company's commitment to executing planned development projects and expanding its presence in key urban markets.

Suratwwala Business Group Limited (SBGL) has announced key decisions following its recent board meeting, including a dividend recommendation and the scheduling of its Annual General Meeting (AGM).

Dividend Recommendation

The Board of Directors of Suratwwala Business Group Limited has recommended a final dividend of Rs. 0.10 per share for the financial year ended March 31, 2025. This represents a 10% dividend on the face value of Rs. 1.00 per share. The dividend recommendation is subject to shareholder approval at the upcoming AGM.

Annual General Meeting Details

SBGL has scheduled its 18th Annual General Meeting for September 30, 2025. The company has outlined several important dates related to the AGM and dividend distribution:

Dividend Payment

If approved by shareholders at the AGM, the dividend will be paid within 30 days of the meeting's conclusion. The payment will be made to:

• Beneficial owners of shares held in dematerialized form, as per data provided by the National Securities Depository Limited and the Central Depository Services (India) Limited.
• Members holding shares in physical form, after accounting for valid transmission or transposition requests.

Board Meeting and Trading Window

The board meeting where these decisions were made took place on August 19, 2025, from 3:45 p.m. to 4:00 p.m. through video conferencing. In compliance with SEBI regulations and the company's insider trading prevention code, Suratwwala Business Group Limited closed its trading window for designated persons and their immediate relatives from August 14 to August 19, 2025.

Investors and stakeholders are advised to take note of these important dates and decisions. The company has duly informed the stock exchanges of these developments in accordance with SEBI regulations.