Suumaya Corporation Limited Announces Resignation of Two Directors
Suumaya Corporation Limited announced the resignation of two directors, Mr. Satish Jayantilal Khimawat (Non-Executive Independent Director) and Mr. Sharad Deoraj Jain (Non-Executive Non-Independent Director), effective November 11, 2025. The resignations are attributed to prior commitments. Mr. Khimawat also holds positions in various committees at Suumaya Industries Limited. The company confirmed compliance with SEBI Listing Regulations regarding the resignations.
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Suumaya Corporation Limited (BSE: 543274) has announced the resignation of two of its directors. The company, in its filing to the Bombay Stock Exchange, disclosed that Mr. Satish Jayantilal Khimawat and Mr. Sharad Deoraj Jain have stepped down from their respective positions.
Details of Resignations
Mr. Satish Jayantilal Khimawat (DIN: 07769130), who served as a Non-Executive Independent Director, and Mr. Sharad Deoraj Jain (DIN: 01686035), who held the position of Non-Executive Non-Independent Director, have both tendered their resignations. The company stated that the resignations are due to prior commitments, as mentioned in their respective resignation letters.
Effective Date and Impact
The resignations will take effect from the close of business hours on November 11, 2025. Following their departure, both directors will cease to be associated with any board committees they were part of at Suumaya Corporation Limited.
Additional Directorships and Committee Positions
It's worth noting that Mr. Satish Jayantilal Khimawat also holds a directorship in Suumaya Industries Limited, where he is involved in several key committees. His positions in Suumaya Industries Limited include:
| Committee Name | Position |
|---|---|
| Audit Committee | Member |
| Nomination and Remuneration Committee | Chairperson |
| Stakeholder Relationship Committee | Member |
| Risk Management Committee | Chairperson |
Compliance with Regulations
Suumaya Corporation Limited has confirmed that the resignations comply with the SEBI Listing Regulations. The company has submitted the required details as per Schedule III of the Listing Regulations, read in conjunction with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
The company has assured that there are no other material reasons for the resignations beyond what has been stated in the directors' resignation letters. Suumaya Corporation Limited has duly informed the Bombay Stock Exchange of these changes in its board composition, adhering to the necessary disclosure requirements.
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