Dharani Sugars and Chemicals Limited (NSE: DHARSUGAR) has scheduled its 39th Annual General Meeting (AGM) for Friday, September 25, 2026, at 11:00 am. The meeting will be held through Video Conferencing or Other Audio-Visual Means (VC/OAVM).

The primary focus of the upcoming AGM is the approval of significant related party transactions (RPTs) required to fund the company's revival efforts. Shareholders are asked to approve borrowing limits of ₹300 crore from Dharani Developers Private Limited (DDPL) and ₹25 crore from promoter Dr Palani G Periasamy.

Key Agenda Items

The Board of Directors has placed several resolutions before shareholders for the financial year ended March 31, 2026:

• Adoption of Financial Statements: Approval of the audited balance sheet, profit and loss account, and cash flow statements for FY26.
• Director Reappointment: Reappointment of Mrs Visalakshi Periasamy as a Non-Executive Director. She retires by rotation but is eligible for reappointment under Regulation 17(1A) of the SEBI LODR Regulations due to her age exceeding 75 years.
• Cost Auditor Ratification: Ratification of remuneration up to ₹1.5 lakh plus expenses to M/s SRR Associates for the cost audit of FY27.
• Related Party Transactions: Omnibus approval for borrowings from DDPL (up to ₹300 crore) and Dr Palani G Periasamy (up to ₹25 crore). These funds are intended to meet liquidity requirements, statutory obligations, and operational readiness costs as the company prepares to restart commercial operations.

Schedule and Voting Details

Shareholders holding equity shares on the record date of September 18, 2026, are eligible to vote. The Register of Members and Share Transfer Books will remain closed from September 19, 2026, to September 25, 2026.

Remote e-voting will be available from September 22, 2026, at 9:00 am until September 24, 2026, at 5:00 pm. The e-voting facility is provided by Central Depository Services (India) Limited (CDSL).

Operational Context

The company exited the Corporate Insolvency Resolution Process (CIRP) in May 2024 following the approval of a resolution plan. However, it has not yet commenced cane crushing operations due to pending clearance of cane price arrears from the 2018-19 season. The proposed related party borrowings are critical for bridging the liquidity gap until commercial production resumes.

The statutory auditors, Srivatsan & Associates, issued a qualified opinion on the FY26 financial statements, citing material uncertainties regarding going concern status, default on restructuring covenants with NARCL, and non-payment of farmer dues.

Dharani Sugars and Chemicals Limited has closed its trading window for all Directors and Designated Persons effective July 1, 2026. The restriction will remain in place until 48 hours after the company declares its unaudited financial results for the quarter ended June 30, 2026. This measure is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The closure applies to all Connected Persons, Designated Persons, and their immediate relatives. They are advised not to trade in the securities of Dharani Sugars and Chemicals Limited during this period. The company stated that the date of the Board meeting to approve the unaudited financial results for the quarter ended June 30, 2026 will be informed in due course.

Key Details

The communication was addressed to the stock exchanges, including BSE Limited and National Stock Exchange of India Ltd, for information and record. The filing was signed by E P Sakthivel, Company Secretary of Dharani Sugars and Chemicals Limited.