Gayatri Sugars Limited promoters released the pledge on 59,12,353 equity shares of the company. The disclosure, filed with BSE on October 5, 2026, cites debt clearance as the primary reason for the release of encumbrance.

The transaction involved three key promoter entities: Tikkavarapu Subbarami Reddy, T. Indira Reddy, and T.V. Sandeep Kumar Reddy. The event date for the release was recorded as August 13, 2026. This filing serves as a revised disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Breakdown of share release

The total number of shares released from encumbrance was 59,12,353, representing 12.19% of the total share capital. The individual breakdown of the release is as follows:

Note: The table reflects individual releases. The aggregate percentage in the source document for the total release is listed as 12.19%, which appears to include other adjustments or prior holdings not detailed in the individual rows.

What the numbers show

A significant portion of the promoter group's holding remains encumbered even after this release. Prior to this event, the total promoter holding already encumbered stood at 1,38,12,353 shares (18.59% of total share capital). Following the release of 59,12,353 shares, the post-event holding of encumbered shares is 79,00,000 shares, which constitutes 10.63% of the total share capital.

This indicates that while a substantial chunk of pledged shares has been freed up due to debt repayment, nearly 11% of the company's total equity remains under encumbrance held by Aprana G. The largest remaining encumbrance belongs to T.V. Sandeep Kumar Reddy, who retains 42,50,000 pledged shares (5.72% of capital), followed by T. Indira Reddy with 36,50,000 shares (4.91%).

The promoter group's overall holding in the target company stands at 3,48,77,281 shares, or 46.94% of the total share capital. Entities such as Gayatri Fin Holdings Private Limited and T.S.R Holdings Private Limited hold significant stakes but reported no encumbrance changes in this specific disclosure.

Gayatri Sugars Limited concluded its 31st Annual General Meeting on September 29, 2026. The virtual gathering focused on adopting the audited financial statements for the fiscal year ended March 31, 2026, and ratifying key administrative appointments.

The meeting commenced at 11:30 am and concluded at 12:05 pm. Due to regulatory compliance with Ministry of Corporate Affairs and SEBI circulars, the event was conducted entirely through two-way Video Conferencing and Other Audio-Visual Means. Physical attendance was not permitted, and proxy appointments were deemed inapplicable.

Proceedings and attendance

Mrs. T Sarita Reddy, Managing Director, chaired the session in the absence of the Board Chairperson. Mrs. T Indira Reddy, the Chairperson, did not attend due to pre-occupation. All other Directors participated virtually from their respective locations.

Key professionals present included:

• Mr. Oommen Mani, Partner at MOS & Associates LLP (Statutory Auditors)
• Mr. Giridhari Lal Toshniwal, Partner at PPKG & Co (Internal Auditors)
• A representative for the Secretarial Auditor
• Mr. Y Koteswara Rao, Scrutinizer for e-voting

Resolutions passed

The members transacted both ordinary and special business through remote e-voting. The Notice convening the AGM and the Auditor’s Report were taken as read with member consent.

The ordinary business included the adoption of the Board’s reports and the re-appointment of Mrs. T Indira Reddy, who retired by rotation and offered herself for re-election. The special business involved ratifying the remuneration of M/s. Narasimha Murthy & Co., Cost Accountants, Hyderabad, for the financial year 2026-27.

Voting results and scrutiny

The scrutinizer’s report, dated September 30, 2026, detailed the voting outcomes for the three resolutions. A total of 116 shareholders participated in the voting process, representing 36,530,650 shares. The cut-off date for determining voting rights was September 22, 2026.

All three resolutions were passed with a requisite majority, securing approximately 98.97% of valid votes in favour across all items.

For the first resolution, 108 shareholders voted in favour while 8 voted against. For the second and third resolutions, 107 shareholders voted in favour and 9 voted against. No invalid votes were recorded in any of the three items.

Voting and closure

No questions were raised by members during the open floor segment. The e-voting facility remained open for 15 minutes after the Chairperson’s closing remarks. Mrs. D S V R Susmitha, Company Secretary, declared the meeting closed upon completion of the voting process.

Consolidated voting results will be disseminated to stock exchanges and published on the company website within two working days, by October 1, 2026.