Gayatri Sugars promoters released encumbrance on 7.9 million equity shares on August 13, 2026, reducing the pledged stake to 10.63% of total share capital.

The disclosure was filed with stock exchanges and the company under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The reporting date for the filing was August 23, 2026.

Promoter Stake Details

Three individual promoters executed the release: T.V. Sandeep Kumar Reddy, T. Indira Reddy, and T. Subbarami Reddy. The total promoter group holding stands at 46.94% of the company’s equity share capital.

T. Subbarami Reddy fully released the encumbrance on his entire holding of 3,255,814 shares. T.V. Sandeep Kumar Reddy released encumbrance on 2,513,031 shares, while T. Indira Reddy released it on 143,508 shares.

What the Numbers Show

The release reduces the overall encumbered promoter stake from 18.59% to 10.63%. This indicates a significant de-pledging activity within the promoter group, potentially improving the liquidity profile of their holdings. Other promoter entities, including Gayatri Fin Holdings Private Limited and T.S.R Holdings Private Limited, held no encumbered shares during this period.

Gayatri Sugars shareholders have approved the appointment of Mrs. Sarita Danda as an independent director through a postal ballot process conducted in July and August 2026.

The resolution, proposed by the Board of Directors, received significant backing from equity holders. Voting was conducted exclusively through remote e-voting facilitated by Central Depository Services (India) Limited (CDSL), in compliance with Section 110 of the Companies Act, 2013 and SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations.

Voting Results

The scrutinizer’s report, filed by Practicing Company Secretary Y. Koteswara Rao, details the outcome of the single resolution placed before shareholders. The cut-off date for determining eligible voters was July 10, 2026.

A total of 126 members participated in the e-voting process. Of these, 117 members voted in favour of the resolution, representing 87.75% of the total valid votes cast. Nine members voted against the proposal, accounting for 12.25% of the votes. No invalid votes were recorded.

Procedural Compliance

The postal ballot notice was dispatched to all equity shareholders appearing on the Register of Members or List of Beneficial Owners as on the cut-off date. An advertisement regarding the ballot was published on July 21, 2026, pursuant to Rule 22(3) of the Companies (Management and Administration) Rules, 2014.

E-voting commenced on July 21, 2026, at 9:00 am and concluded on August 19, 2026, at 5:00 pm. The scrutinizer monitored the electronic voting process through a secured link provided by CDSL and reconciled the final data with the company’s records after the voting window closed.