K.M. Sugar Mills: Chairman & Promoter Laxmikant Jhunjhunwala Passes Away
K.M. Sugar Mills Limited announced the death of Chairman, Promoter, and Director Shri Laxmikant Dwarkadas Jhunjhunwala on March 14, 2026. He held 15.55% shares individually and 10.94% through HUF. His demise is considered a significant loss to the company.
The death of the Chairman, Promoter, and Director is a significant event that can impact the company's leadership, strategic direction, and stakeholder confidence.
The announcement details the death of a key company leader, which is a negative event for the organization.
K.M. Sugar Mills Limited has announced with deep sorrow the demise of Shri Laxmikant Dwarkadas Jhunjhunwala (DIN: 01854647), who was the Chairman, Promoter, and a Whole Time Director of the company. He passed away on March 14, 2026.
The company stated that Shri L.K. Jhunjhunwala was a visionary leader whose guidance was instrumental in the company's growth. His unexpected death is considered an irreparable loss to K.M. Sugar Mills Limited and its employees, who have conveyed their deepest condolences to his family.
Following his demise, Shri Jhunjhunwala will cease to be part of the Promoter / Promoter Group of the Company, in accordance with Regulation 31A(6)(c) of the SEBI LODR Regulations, 2015. The announcement also includes details as required under Regulation 30 of SEBI (LODR) Regulations, 2015, which are enclosed as an annexure. This annexure specifies that his cessation is due to his death and details his shareholding: 14,302,600 equity shares (15.55%) held individually and 10,065,900 equity shares (10.94%) held by HUF.
What to do with a filing like this
K.M.Sugar Mills Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by K.M.Sugar Mills Limited. Read the original for the full detail.