Suratwwala Business Group Limited informed that the Board of Directors of the Company at its meeting held on 5th October, 2023 at the registered office of the Company inter alia considered the letter(s) as received, approved Acceptance of the resignation of Mr. Satish Sadashiv Kale from the position of Chief Financial Officer and Key Managerial Personnel of the Company with effect from 5th October, 2023. Appointment of Mr. Deepak Shamlal Kalera as the Chief Financial Officer and Key Managerial Personnel (KMP) of the Company, with effect from 5th October, 2023 as recommended by the Nomination and Remuneration Committee and based on the approval of the Audit Committee of the Company. Mr. Deepak Kalera, brings in 20+ years of rich and In-Depth Experience in IPO reporting, financial controls, treasury management, management reporting, finance
and operation management, fund raising. He holds Diploma in International Financial Reporting System (IFRS) from Association of Chartered Certified
Accountants (ACCA), U.K. and is a Chartered Accountant from the Institute of Chartered Accountants of India., New Delhi. He has worked with renowned organizations like Quick Heal Technologies Limited, KSH International Pvt. Ltd, Autoline Industries Limited.