Suraj Estate Developers Launches Postal Ballot for Woman Independent Director Appointment
Suraj Estate Developers has initiated a postal ballot process to appoint Dr. Ananta Singh Raghuvanshi as a Woman Independent Director. This move aligns with SEBI regulations and marks a significant step in the company's corporate governance. The e-voting period is set from November 4 to December 3, 2025.
Real EstateCorporate GovernanceSebiPostal BallotWoman Independent DirectorReal EstateNov 03, 2025
Dr. Ananta Singh Raghuvanshi brings 34 years of real estate industry experience to the board. She holds a PhD in Management, MRICS qualification, and has been a TEDx speaker. Her previous roles include executive positions at DLF, Emaar MGF, and Damac. Currently, she serves as the Chairperson and Founder of NAREDCO Mahi and as an Independent Director at Share India Securities Limited.
The postal ballot process for Dr. Raghuvanshi's appointment includes an e-voting period from November 4, 2025, to December 3, 2025. Results will be declared by December 5, 2025. Mr. Himanshu S. Kamdar has been appointed as the Scrutinizer for this process.
This appointment is in line with SEBI's mandate requiring the top 1000 listed companies, based on market capitalization as of December 31, 2024, to have at least one woman independent director on their board. The move reflects Suraj Estate Developers' commitment to regulatory compliance and corporate governance.
In a separate development, Suraj Estate Developers has incorporated a wholly-owned subsidiary, Avle Estates Private Limited, on November 3, 2025. This new entity is set to operate in the real estate sector, mirroring the parent company's business focus. Avle Estates Private Limited has an authorized and paid-up capital of Rs. 1,00,000 and is 100% held by Suraj Estate Developers.
The business objectives of Avle Estates Private Limited include real estate development across various segments, such as residential buildings, commercial complexes, and industrial estates. Additionally, the subsidiary will focus on the development and maintenance of educational and healthcare infrastructure projects, as well as the construction and management of public infrastructure like community halls and sports complexes.
The formation of this new subsidiary suggests that Suraj Estate Developers may be looking to expand its operational capacity and potentially enter new segments within the real estate market. By creating a separate entity, the company might be positioning itself to pursue specific projects or markets more efficiently.
The appointment of Dr. Raghuvanshi and the formation of a new subsidiary signal Suraj Estate Developers' commitment to both regulatory compliance and strategic growth. These moves may potentially strengthen the company's corporate governance structure and expand its operational capabilities in the real estate market. Shareholders will have the opportunity to vote on Dr. Raghuvanshi's appointment through the e-voting process. The outcome of this postal ballot will be closely watched by investors and industry observers alike, as it represents a significant step in the company's corporate governance journey.
Frequently Asked Questions
What is the purpose of the postal ballot initiated by Suraj Estate Developers?
The postal ballot is to appoint Dr. Ananta Singh Raghuvanshi as a Woman Independent Director, aligning with SEBI regulations for top 1000 listed companies.
Who is Dr. Ananta Singh Raghuvanshi?
Dr. Ananta Singh Raghuvanshi is a seasoned real estate professional with 34 years of experience. She holds a PhD in Management and has held executive positions at companies like DLF, Emaar MGF, and Damac.
What is the e-voting period for the postal ballot?
The e-voting period is from November 4, 2025, to December 3, 2025, with results to be declared by December 5, 2025.
What is the significance of the new subsidiary, Avle Estates Private Limited?
Avle Estates Private Limited is a wholly-owned subsidiary of Suraj Estate Developers, focusing on real estate development across various segments, including residential, commercial, and industrial projects, as well as educational and healthcare infrastructure.
How does this move impact Suraj Estate Developers' corporate governance?
The appointment of Dr. Raghuvanshi and the formation of Avle Estates Private Limited strengthen Suraj Estate Developers' corporate governance structure and expand its operational capabilities in the real estate market.
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