km sugar mills shareholders approved significant leadership transitions during its 53rd Annual General Meeting (AGM) held on July 28, 2026, solidifying the company’s governance structure for the coming fiscal periods. The virtual meeting, conducted via Video Conferencing/Other Audio-Visual Means (OAVM), saw the formal appointment of Naina Devi Jhunjhunwala as a Whole Time Director (WTD) for a three-year term commencing August 1, 2026, alongside the re-appointment of senior executives Aditya Jhunjhunwala and Sanjay Jhunjhunwala. These approvals ensure continuity in strategic execution, with dissent votes remaining below 0.2% across all resolutions.

The proceedings were scrutinized by Amit Gupta of Amit Gupta & Associates, Practicing Company Secretaries, who submitted a consolidated report confirming that all ordinary and special resolutions passed with the requisite majority under the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Remote e-voting was conducted from July 25, 2026, to July 27, 2026, via MUFG Intime India Private Limited, with voting rights reckoned as on July 21, 2026.

Key Resolutions Approved

The most material outcome was the special resolution appointing Smt. Naina Devi Jhunjhunwala (DIN: 01837824) as a Whole Time Director. Despite attaining the age of 80 years, her appointment was approved for a period of three years, subject to shareholder consent for remuneration even in case of loss or inadequacy of profit, as per Section 197(1) of the Companies Act, 2013. She is also regularized as a Director of the company.

Additionally, shareholders approved the re-appointment of Shri Aditya Jhunjhunwala as Managing Director, effective April 1, 2027, for a three-year term. The Board also secured approval for the re-appointment of Shri Sanjay Jhunjhunwala as Joint Managing Director and Shri Subhash Chandra Aggarwala as Executive Director cum CEO, both effective April 1, 2027.

Voting Results Summary

A total of 51,100 members received notices via email. Out of 76 members who joined the virtual meeting, only one cast a vote through the Video Conferencing platform, while 48 members voted remotely. The consolidated results reflect strong alignment with the Board’s proposals.

Other Business Transacted

Shareholders ratified the remuneration payable to M/s. Aman Malviya & Associates, Cost Accountants, for the financial year ending March 31, 2027, pursuant to Section 148(3) of the Companies Act, 2013. Furthermore, an ordinary resolution under Section 188(1)(f) approved changes in terms and conditions, including remuneration, for Vatsal Jhunjhunwala, Vice President, who is a related party being the son of the Managing Director. This appointment is for a period of three years effective April 1, 2026, with monthly remuneration not exceeding ₹10,00,000.

In a notable governance move, shareholders approved the continuation of Mr. Sushil Solomon as a Non-Executive Independent Director post-attaining 75 years of age on December 21, 2026, for the remainder of his term up to August 5, 2029. This resolution was passed in compliance with Regulation 17(1A) of the SEBI LODR Regulations, 2015.

What the Numbers Show

The voting data indicates strong shareholder alignment with the Board’s proposals, with dissent votes remaining below 0.2% across all resolutions. The highest dissent was recorded for the re-appointment of Aditya Jhunjhunwala as Managing Director (0.1731%) and the remuneration revision for Vatsal Jhunjhunwala (0.1914%), suggesting minor scrutiny on executive compensation and tenure extensions. However, the overwhelming assent (>99.8%) reflects broad confidence in the leadership structure and strategic direction outlined by the Board for the coming fiscal periods.

km sugar mills has appointed Pawan Kumar Chaturvedi as Chief General Manager (Cane) effective July 10, 2026. The company disclosed this appointment under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pawan Kumar Chaturvedi is a Sugar Industry Professional with over three decades of experience in cane development, cane marketing, general administration, liaison, and operational leadership. His career includes establishing cane operations for new units, enhancing cane availability, improving recovery rates, and increasing crushing capacity.

Key Details of Appointment

Chaturvedi holds an MBA and B.Sc. degree. His professional background focuses on strategic planning, analytical skills, and people-management expertise aimed at organizational growth and operational efficiency.