Suyog Gurbaxani Funicular Ropeways Limited held a Board of Directors meeting on February 06, 2026, addressing significant corporate governance and compliance matters. The meeting, which commenced at 11:30 a.m. and concluded at 1:00 p.m., focused on share reclassification and regulatory compliance issues.

Share Reclassification Approval

The board considered and approved filing an application with the relevant stock exchange for obtaining a No Objection Certificate regarding a reclassification request. The request was submitted by Mr. Somnath Gurushantappa Lature, a promoter group member, on February 05, 2026.

BSE Fine and Compliance Issues

The board took note of a fine imposed by BSE Limited for regulatory non-compliance. The company received notification from BSE Limited on December 16, 2025, regarding penalties under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Remedial Actions

Following the imposition of the fine, Suyog Gurbaxani Funicular Ropeways Limited took immediate corrective measures. The company rectified the non-compliances related to Regulation 33 and Regulation 23(9) of the SEBI Listing Obligations and Disclosure Requirements Regulations. The applicable fine was paid to the stock exchange within the stipulated timeframe, demonstrating the company's commitment to regulatory compliance.

Financial Impact Assessment

According to the company's disclosure, there is no material impact on financial or operational activities except for the penalty amount of ₹23,600 inclusive of GST. This minimal financial impact suggests that while the compliance issue required attention, it does not significantly affect the company's overall business operations or financial position.

The meeting was concluded with proper documentation and disclosure requirements fulfilled under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Company Secretary and Compliance Officer Ameya Dhananjay Bodas oversaw the meeting proceedings and subsequent regulatory filings.

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.