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.

Bannari Amman Sugars has confirmed September 16, 2026 as the record date for payment of dividends for FY26. This date also serves as the cut-off for reckoning voting rights for members attending the upcoming annual general meeting.

The company scheduled its 42nd Annual General Meeting for September 23, 2026, to be conducted through Video Conferencing or Other Audio Visual Means. Shareholders will transact ordinary business items, including approval of audited financial statements for the year ended March 31, 2026, and declaration of equity share dividends.

Governance and Special Resolutions

Members will vote on the re-appointment of Managing Director B Saravanan, who retires by rotation. Additionally, shareholders will consider a special resolution to alter the Object Clauses of the Memorandum of Association. This amendment aligns the company’s charter with the Companies Act, 2013, by removing the obsolete "Other Objects" clause. The Board also seeks ratification of remuneration for Cost Auditor Sri M Nagarajan.

Share Transfer Window and Tax Deductions

Pursuant to a Securities and Exchange Board of India (SEBI) circular dated January 30, 2026, a special window has been opened from February 5, 2026, to February 4, 2027, for the transfer and dematerialization of physical shares sold or purchased prior to April 1, 2019. Shares transferred during this period will be credited only in demat mode and will be under lock-in for one year from the date of registration. They cannot be transferred, lien-marked, or pledged during this lock-in period.

Dividends are subject to tax deduction at source (TDS) as per the Income Tax Act, 1961. Resident individual shareholders with a Permanent Account Number (PAN) who are not liable to pay income tax can submit Form 15G or 15H to avail non-deduction benefits. Declarations must be emailed to investor@cameoindia.com on or before September 16, 2026.

Voting Logistics and Timeline

Central Depository Services (India) Limited (CDSL) has been engaged to facilitate the remote e-voting process. E-voting will be available from September 19 to September 22, 2026. Members holding shares in physical form are advised to update their KYC details with the Registrar and Transfer Agent, M/s Cameo Corporate Services Ltd, to ensure smooth processing of dividend payments and service requests.

The Register of Members and Shares Transfer Books will remain closed from September 17, 2026, to September 23, 2026, in accordance with Section 91 of the Companies Act, 2013.