Shree Renuka Sugars Announces 30th AGM on Sept 22, 2026; Approves Director Appointments & Remuneration
Shree Renuka Sugars will hold its 30th AGM on September 22, 2026, via Video Conference. The agenda includes adopting FY26 financial statements and approving director appointments and remuneration. Key appointments include Mr. Ravi Gupta (Executive Director) and Mr. Vipin Kumar Rathi (Whole-Time Director). The company will also vote on related party transactions with Wilmar Sugar India and approve auditor remuneration.
The AGM agenda includes several significant corporate actions such as director appointments, remuneration approvals, and modifications/approvals of related party transactions, which can have a medium-term impact on the company's governance and operations.
The announcement is a routine notice regarding the Annual General Meeting and related corporate actions, including director appointments and financial statement approvals. It does not contain significant positive or negative financial news.
Shree Renuka Sugars Limited has announced its 30th Annual General Meeting (AGM) will be held on Tuesday, September 22, 2026, at 11:00 a.m. IST via Video Conferencing. The company is also seeking shareholder approval for several key appointments and remuneration packages.
Key agenda items for the AGM include the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026. Shareholders will also vote on the re-appointment of Mr. Kuok Khoon Hong as a director retiring by rotation. Additionally, the company proposes the re-appointment of Mr. Ravi Gupta as Executive Director for a period of five years from October 28, 2026, along with his remuneration and performance-based bonus for FY2025-26. The appointment of Mr. Vipin Kumar Rathi as a Director and Whole-Time Director for five years from August 5, 2026, is also on the agenda, along with his remuneration.
The meeting will also consider the appointment of Mr. Kwek Ju-Yang, Mark as a Non-Executive (Non-Independent) Director, effective September 22, 2026. Furthermore, approvals are sought for the payment of annual bonuses to Mr. Vijendra Singh (Executive Director & Dy. CEO) for FY2025-26 and to Mr. Atul Chaturvedi (Non-Executive Director and Executive Chairman) for his performance during FY2025-26.
The company is also proposing to modify the terms of a material related party transaction with Wilmar Sugar India Private Limited for FY2025-26, changing the pricing mechanism from a per tonne fee to a lumpsum annual fee based on time and effort. Shareholders will also vote on entering into a new material related party transaction with Wilmar Sugar India Private Limited for FY2026-27, involving management services with a lumpsum annual fee. Finally, the remuneration of the Cost Auditors, M/s. B. M. Sharma & Co., for the financial year ending March 31, 2027, for Rs. 6,50,000, is also up for ratification.
The Notice of the AGM is being sent via email to shareholders on August 31, 2026. The cut-off date for determining eligibility for remote e-voting and e-voting during the AGM is September 15, 2026. Remote e-voting will commence on September 19, 2026, and conclude on September 21, 2026.
A plain-language summary of a public exchange filing by Shree Renuka Sugars Limited. Read the original for the full detail.