Suratwwala Business Group Limited informed that the Board of Directors of the Company at its meeting held on 19 July, 2022, approved the appointment of Mr. Shailesh Satish Kasegaonkar as Additional Director in the capacity of Non-Executive Independent Director of the Company. Date of appointment is from July 19, 2022. Term of Appointment: 5 (Five) years effective from July 19, 2022 subject to the approval of shareholders at the upcoming Annual General Meeting of the Company.

Shailesh Kasegaonkar, has 23 years of professional experience in Architectural Conceptualization, Design Development, Project Management in residential, commercial and Industrial Sector. Redesignation of Mrs. Hemaben Pankajkumar Sukhadia from Whole-Time Executive Director to Non-Executive Director. Acceptance of resignation of Mr. Pankajkumar Sukhadia as Non- Executive Director of the Company.