Suratwwala Business Group Finalizes Sale Deed for Pune Housing Project Redevelopment
Suratwwala Business Group Limited (SBGL) has announced key decisions following its recent board meeting, including a dividend recommendation and the scheduling of its Annual General Meeting (AGM). The company has also finalized the sale deed for a Pune housing project redevelopment worth ₹100-110 crores, representing a significant development initiative.
The Board of Directors of Suratwwala Business Group Limited has recommended a final dividend of Rs. 0.10 per share for the financial year ended March 31, 2025. This represents a 10% dividend on the face value of Rs. 1.00 per share. The dividend recommendation is subject to shareholder approval at the upcoming AGM.
SBGL has scheduled its 18th Annual General Meeting for September 30, 2025. The company has outlined several important dates related to the AGM and dividend distribution:
- Annual General Meeting: September 30, 2025 - Record Date for Dividend: September 12, 2025 - Book Closure Date: September 24, 2025 - E-voting Cut-off Date: September 23, 2025 - E-voting Start Date: September 27, 2025 - E-voting End Date: September 29, 2025
If approved by shareholders at the AGM, the dividend will be paid within 30 days of the meeting's conclusion. The payment will be made to:
- Beneficial owners of shares held in dematerialized form, as per data provided by the National Securities Depository Limited and the Central Depository Services (India) Limited. - Members holding shares in physical form, after accounting for valid transmission or transposition requests.
The board meeting where these decisions were made took place on August 19, 2025, from 3:45 p.m. to 4:00 p.m. through video conferencing. In compliance with SEBI regulations and the company's insider trading prevention code, Suratwwala Business Group Limited closed its trading window for designated persons and their immediate relatives from August 14 to August 19, 2025.
Investors and stakeholders are advised to take note of these important dates and decisions. The company has duly informed the stock exchanges of these developments in accordance with SEBI regulations.
The Pune housing project redevelopment is a strategic move by SBGL to expand its footprint in the real estate market. The project, valued at ₹100-110 crores, is expected to enhance the company's portfolio and contribute to its long-term growth. The redevelopment will include modern residential units, commercial spaces, and community facilities, aiming to meet the growing demand for quality living and working environments in Pune.
Suratwwala Business Group Limited, a leading conglomerate with diverse interests, has been active in various sectors including real estate, manufacturing, and services. The company's commitment to sustainable development and innovation is reflected in its latest initiatives, such as the Pune housing project redevelopment.
Historical stock returns for Suratwwala Business Group show mixed performance over different periods:
- 1 Day: -0.74% - 5 Days: -1.58% - 1 Month: -10.59% - 6 Months: -22.36% - 1 Year: -71.23% - 5 Years: +52.40%
Despite recent volatility, the company remains optimistic about its future prospects and continues to focus on delivering value to its shareholders and stakeholders.
