Bannari Amman Sugars Limited has announced the closure of its trading window for designated persons starting October 1, 2026. This restriction remains in effect until 48 hours after the declaration of financial results for the quarter ended September 30, 2026.

Regulatory compliance and timeline

The decision aligns with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window closure prevents designated persons from dealing in the company's securities during this sensitive period to ensure market fairness.

Board meeting details

The company stated that the specific date for the Board Meeting to consider the Q2FY27 financial results will be intimated in due course. This notice was issued by Palaniswamy Chinnappan, Company Secretary and Compliance Officer, on September 24, 2026.

Bannari Amman Sugars Limited shareholders approved a final dividend of ₹12.50 per equity share for FY26 during the company's 42nd Annual General Meeting (AGM) held on September 23, 2026.

The meeting, conducted through Video Conference and Other Audio Visual Means, saw the adoption of audited financial statements and the re-appointment of Managing Director B Saravanan. All five resolutions put to vote were passed with the requisite majority, reflecting strong shareholder support for the board's proposals.

Voting outcomes and shareholder participation

The AGM was chaired by S V Balasubramaniam, with five directors present at the registered office and one joining virtually. The statutory auditors, M/s P N Raghavendra Rao & Co., and secretarial auditors, M/s C Thirumurthy & Associates, also attended. The scrutinizer, CS K Radhakrishnan, supervised the e-voting process conducted via Central Depository Services (India) Limited (CDSL).

Voting results indicated high support across all agenda items. Out of 125,39,700 outstanding shares, votes were polled on 97,12,310 shares, representing 77.45% of the total shareholding. The promoter group voted on all their 73,60,276 shares, while public shareholders participated significantly in the remote e-voting process.

Key approvals and governance updates

The shareholders ratified the remuneration payable to the cost auditor and approved the alteration of the object clause in the Memorandum of Association. The re-appointment of B Saravanan, who retired by rotation, was confirmed with overwhelming support. Notably, the promoter group was marked as interested in the resolution regarding the director's re-appointment but voted in favor alongside the public shareholders.

The auditors' report and secretarial audit report for FY26 did not contain any qualifications, reservations, or adverse remarks, allowing them to be taken as read without detailed reading during the meeting. The Chairman provided an overview of the Indian sugar industry before the Managing Director briefed members on company performance.