Indian Sucrose has confirmed the dispatch of the notice and annual report for its 35th Annual General Meeting (AGM). The meeting is scheduled for September 30, 2026, at 10:30 am via Video Conference and Other Audio Visual Means.

The company informed shareholders that electronic copies were sent to those with registered email addresses. Physical letters containing web-links and QR codes were dispatched to others. Newspaper advertisements confirming the dispatch were published in Financial Express and Jansatta on September 8, 2026.

Key Approvals

The Board of Directors approved several key appointments during its meeting on September 3, 2026:

• Re-appointment of Mrs. Geeta Sharma as a Non-Executive Director. She retires by rotation and has offered herself for re-appointment.
• Re-appointment of M/s SSVS & Co., Chartered Accountants, as Statutory Auditors for a second term of five consecutive years.
• Appointment of M/s Neeraj Arora & Associates as Secretarial Auditors for five financial years, commencing from FY26-27.
• Ratification of remuneration for Cost Auditors, M/s Khushwinder Kumar & Co., for FY27.
• Ratification of the appointment of M/s Sanjay Grover & Associates as Secretarial Auditor for FY26 to fill a casual vacancy.

E-Voting Schedule

The cut-off date for determining voting eligibility is September 23, 2026. The remote e-voting period runs from September 27, 2026, at 9:00 am to September 29, 2026, at 5:00 pm. M/s Neeraj Arora & Associates serves as the Scrutinizer for the process.

The register of members will remain closed from September 24 to September 30, 2026. The documents are also available on the company website at www.muksug.in .

Indian Sucrose has scheduled its 35th Annual General Meeting (AGM) for September 30, 2026, to discuss its financial performance for the fiscal year ended March 31, 2026. The company reported a decline in both revenue and profitability during the period, driven by lower crushing volumes and reduced power generation.

Financial Performance Overview

For the fiscal year 2025-26, the company recorded revenue from operations of ₹51,077.27 lakh, a decrease of 6.39% from the previous year's ₹54,568.89 lakh. Net profit after tax fell to ₹3,109.66 lakh, down from ₹3,837.66 lakh in the prior year.

Operational Highlights

The sugar crushing operation ran for five months during the fiscal year. The company crushed 8,494,023 quintals of sugarcane, resulting in a sugar production of 807,510 quintals. This represents a significant reduction compared to the previous year's crushing of 10,428,636 quintals and production of 1,037,770 quintals. The average recovery rate stood at 9.51%, slightly lower than the 9.95% achieved in the prior year.

In the cogeneration segment, the company generated a total of 90,660 MWH of power. Of this, 38,298 MWH was consumed in-house, while 52,362 MWH was exported to the grid. This is a decline from the previous year's total generation of 109,062 MWH.

Strategic Developments

The Board of Directors highlighted the company's diversification efforts, noting the commencement of retail fuel distribution through a BPCL vending unit at its Mukerian facility. Additionally, the company emphasized its focus on eco-friendly practices and green energy footprints as part of its long-term strategy.

What the Numbers Show

A notable divergence exists between the company's operational efficiency metrics and its financial outcomes. While the average recovery rate dipped marginally from 9.95% to 9.51%, the volume of sugarcane crushed fell by approximately 18.5%. This substantial reduction in input volume directly correlates with the 22.2% drop in sugar production, underscoring the sensitivity of the company's revenue model to crushing availability rather than just extraction efficiency.

Corporate Governance and Dividends

The Board did not propose any dividend for the financial year ended March 31, 2026. The company also announced changes in its board composition, including the appointment of new independent directors and the re-appointment of statutory auditors M/s SSVS & Co. for a second term of five years.