Suvidha Infraestate Corporation Limited, a real estate and construction company, held its 33rd Annual General Meeting (AGM) on September 19, 2025, through video conferencing. The shareholders approved several significant board appointments and reappointments during the meeting.

New Independent Director Appointed

Ms. Parul K. Gajjar has been appointed as a Non-Executive Independent Director for a five-year term, effective from September 1, 2025, to August 31, 2030. Ms. Gajjar, a businesswoman with expertise in Administration and Management, brings valuable knowledge to the board. Notably, she does not hold any shares in the company, ensuring her independence.

Managing Director Reappointed

Mr. Kishore K. Goswami has been reappointed as the Managing Director for another five-year term, from September 1, 2025, to August 31, 2030. With 46 years of experience in the real estate and construction business, Mr. Goswami's continued leadership is expected to benefit the company. He currently holds 113,510 equity shares in Suvidha Infraestate.

Board Composition

Following these appointments, the company's board now consists of five directors:

• One Managing Director (Mr. Kishore K. Goswami)
• Four Independent Directors (including Ms. Parul K. Gajjar)

New Secretarial Auditors

The shareholders approved the appointment of M/s. Nishant Pandya & Associates as Secretarial Auditors for a five-year period, from FY 2025-26 to FY 2029-30. Mr. Nishant Pandya, the proprietor, holds a B.Com degree and is an ACS with over six years of experience in corporate laws and finance.

Other AGM Proceedings

The AGM, which began at 12:00 noon IST and concluded at 12:16 PM IST, was conducted via video conferencing. The company used the CDSL platform for the virtual meeting and e-voting process.

During the meeting, the company noted the passing of two directors, Mr. Ashokkumar K. Goswami and Mr. Anupkumar K. Goswami, acknowledging their significant contributions to the company since its inception.

These board appointments and the conduct of the virtual AGM demonstrate Suvidha Infraestate Corporation's commitment to strong corporate governance and adaptability. The mix of experienced leadership and fresh perspectives on the board positions the company well for its future endeavors in the real estate and construction sector.

Suvidha Infraestate Corporation Limited (SICL) announced the unexpected demise of Mr. Anupkumar K. Goswami, a key figure in the company's leadership. Mr. Goswami, who served as Promoter, Whole Time Director, and Chief Financial Officer, passed away on September 13, 2025.

Leadership Impact

Mr. Goswami's sudden departure leaves a significant void in SICL's top management. As a promoter and key executive, he played a crucial role in the company's operations and strategic direction. His position as CFO underscored his importance in financial management and decision-making processes within the organization.

Shareholding and Promoter Status

At the time of his passing, Mr. Goswami held 125,360 equity shares, representing 1.41% of the company's shareholding. His demise will result in his cessation from the Promoter/Promoter Group, as per Regulation 31A (6) (c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Upcoming Annual General Meeting

Mr. Goswami was scheduled to retire by rotation at SICL's 33rd Annual General Meeting on September 19, 2025. However, due to his untimely demise, this agenda item will no longer be taken up at the meeting.

Company's Response

In an official statement, SICL expressed profound sadness over Mr. Goswami's passing, describing it as an "irreparable loss" to the company. The board of directors and employees conveyed their deep sympathy, sorrow, and condolences to his family.

Regulatory Compliance

SICL has made this announcement in compliance with Regulation 30 and 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed the BSE Limited about this development.

Management Transition

As the company comes to terms with this loss, attention will likely turn to the process of filling the crucial roles held by Mr. Goswami. The board will need to address the vacancies in the positions of Whole Time Director and Chief Financial Officer to ensure continuity in the company's operations and financial management.

SICL shareholders and market observers will be watching closely for any announcements regarding succession plans or interim arrangements for these key positions.