Sikozy Realtors Limited, a prominent name in the real estate sector, has made significant updates to its leadership team. On March 29, 2025, the Board of Directors of Sikozy Realtors approved the appointment of Rishabh Gupta as the Managing Director of the company. This change is set to take effect immediately, marking a strategic move for the company as it moves forward with its growth plans.

Rishabh Gupta's Appointment as Managing Director
Rishabh Gupta, a qualified Chartered Accountant and Cost & Management Accountant, has over 12 years of professional experience in the finance sector. His expertise spans financial planning, budgeting, financial controls, audits, stakeholder coordination, and cost optimization. With his profound knowledge, Rishabh has contributed to profitability, operational efficiency, and strategic decision-making in his past roles.

He will now steer Sikozy Realtors toward greater financial stability and growth. Gupta's appointment is in line with the company’s efforts to improve its financial controls and overall management. As per the terms, he will serve a three-year term starting from March 29, 2025, subject to shareholder approval. This appointment is seen as a crucial step in fortifying the leadership structure at Sikozy Realtors.

Resignation of Mangesh Kesarkar
In line with the appointment of the Managing Director, Sikozy Realtors also announced the resignation of Mr. Mangesh Kesarkar from his role as the Manager under the Companies Act, 2013, effective March 29, 2025. The company cannot hold both a Manager and a Managing Director as per the legal provisions, which necessitated this change. However, Mr. Kesarkar will continue to serve as the Chief Financial Officer (CFO) of the company, maintaining his key role in overseeing financial operations and strategy.

Board's Commitment to Shareholder Value
The company has taken these measures to ensure better alignment between its governance and leadership. The resignation and appointment reflect Sikozy Realtors' commitment to maintaining the highest standards of corporate governance while driving growth and stability in its business.

Profile of Mr. Rishabh Gupta
Gupta's profile highlights his deep expertise in the finance sector, where he has consistently contributed to enhancing operational efficiencies and boosting profitability. His vast experience will serve as a strong foundation for Sikozy Realtors as it continues to navigate a competitive market landscape. He is not related to any director of the company, and he is not debarred from holding the office of Managing Director by any SEBI or regulatory authority.

Conclusion
With these leadership changes, Sikozy Realtors is poised for a new era of growth under the leadership of Mr. Rishabh Gupta. The company’s shareholders and stakeholders can expect a more streamlined approach to governance and financial management in the years to come. The Board's decision is expected to positively impact the company's strategic direction, enhancing its operational performance and ensuring that it remains competitive in the real estate market.

We request all relevant authorities to take note of the leadership updates and ensure that necessary filings are made in compliance with the Companies Act, 2013 and SEBI regulations.

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