Gayatri Sugars Limited has commenced the remote e-voting process to seek shareholder approval for the appointment of Mrs. Sarita Danda as an Independent Director. The company has proposed her appointment for a term of five consecutive years, effective from May 21, 2026, to May 20, 2031. The resolution requires shareholder consent to regularize her position as an Independent Director, a role she currently holds as an Additional Director designated as Independent.

Mrs. Sarita Danda brings over 15 years of experience in Management and Human Resource Development. The Board has recommended her appointment based on her expertise in organizational management, human capital development, and strategic planning. She has also been appointed as the Chairperson of the Nomination and Remuneration Committee effective May 21, 2026. The company has received all necessary statutory declarations confirming her eligibility and independence under the Companies Act, 2013, and SEBI (LODR) Regulations, 2015.

Postal Ballot and E-Voting Schedule

The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. The voting period is open to members whose names appear on the register of members or list of beneficial owners as on the cut-off date. The Scrutinizer for the process is Mr. Y Koteswara Rao, a Practicing Company Secretary.

The resolution, if passed by the requisite majority, will be deemed to have been passed on the last date of voting, August 19, 2026. The results will be announced on or before August 21, 2026, and communicated to the stock exchanges.

Director Details

Mrs. Sarita Danda (DIN: 11732470) holds a Master's Degree and is registered with the Independent Directors' databank. She has confirmed that she meets the criteria of independence and is not disqualified from being appointed as a Director. The company noted that she does not hold any directorships in other listed entities and has no shareholding in Gayatri Sugars Limited as on the date of the notice.

Gayatri Sugars Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 21, 2026. For the financial year 2025-26, the company reported a net profit of ₹101.14 lakhs, compared to ₹107.25 lakhs in the previous year. Revenue from operations for the year stood at ₹36,638.30 lakhs, an increase from ₹33,610.84 lakhs in the prior year.

Financial Performance

The company's total income for the year rose to ₹36,701.79 lakhs. Total expenses for the year were reported at ₹36,600.65 lakhs. The statutory auditors, MOS & Associates LLP, issued an audit report with a modified opinion on the financial statements. The qualification relates to a contingent liability of ₹283.99 lakhs regarding electricity duty levied by the State Government, where the company has not made a provision pending the outcome of legal proceedings.

Board Appointments

During the meeting, the board appointed Mrs. Sarita Danda as an Additional Director in the Independent Category for a period of 5 years effective May 21, 2026. This appointment is subject to shareholder approval. The company also appointed M/s. Narasimha Murthy & Co., Cost Accountants, as Cost Auditors and M/s. PPKG and Co., Chartered Accountants, as Internal Auditors for the financial year 2026-27.

Segment Reporting

The company operates in two business segments: Sugar and Distillery. For the year ended March 31, 2026, the Sugar segment reported revenue of ₹35,727.07 lakhs, while the Distillery segment contributed ₹4,477.93 lakhs. The total segment revenue before inter-segment adjustments was ₹40,205.00 lakhs.