Piccadily Sugar & Allied Industries Limited has issued a Postal Ballot Notice dated May 8, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, seeking shareholder approval for two items of special business. The notice was communicated to BSE Limited on May 18, 2026, and is being sent exclusively through electronic mode to members whose e-mail addresses are registered with the Company or its depositories as on the cut-off date of May 15, 2026.

Key Resolutions Proposed

The Postal Ballot Notice covers two resolutions for member consideration, as summarised below:

E-Voting Schedule and Process

The remote e-voting facility, facilitated by National Securities Depository Limited (NSDL), is available during the following period:

Only members whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of May 15, 2026 are eligible to vote. The proposed resolutions, if assented to by the requisite majority, shall be deemed to be passed on June 17, 2026. Results, along with the Scrutinizer's Report, will be submitted to stock exchanges and published on the Company's website within two working days of the conclusion of the e-voting period.

Appointment of Independent Director

The Board of Directors, on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Ms. Renu Rawat (DIN: 08161739) as an Additional Non-Executive Independent Director with effect from May 8, 2026, subject to shareholder approval. The following table provides key details pertaining to her appointment:

Ms. Renu Rawat brings experience in strategic advisory, policy advisory, and governance. She currently serves as an Independent Director in several organisations, including JCBL Limited, SYSCHEM (India) Limited, JCBL Marrel Tippers Private Limited, and Orient Craft Infrastructure Limited. The Board has confirmed that she meets the criteria of independence as set out under Section 149(6) and Schedule IV of the Companies Act, 2013 and the applicable Listing Regulations.

Change in Statutory Auditors

The second resolution pertains to a change in the Company's Statutory Auditors. M/s Jain & Associates, Chartered Accountants (Firm Registration No. 001361N), who were appointed at the 29th Annual General Meeting held on September 28, 2022, to hold office until the conclusion of the 34th Annual General Meeting, resigned vide their letter dated April 27, 2026, citing personal reasons and non-renewal of their Peer Review Certificate.

Following this resignation, the Board of Directors, at its meeting held on April 27, 2026, and on the recommendation of the Audit Committee, appointed M/s Rattan Kaur & Associates, Chartered Accountants (Firm Registration No. 022513N) to fill the casual vacancy, subject to shareholder approval. Key details of the incoming auditors are as follows:

M/s Rattan Kaur & Associates has experience in auditing banks, conducting internal audits, and performing statutory audits of listed and unlisted companies. The Company has received the requisite consent letter and eligibility certificate from the firm confirming that their appointment, if made, would be within the limits prescribed under the Companies Act, 2013.

Access and Documentation

The Postal Ballot Notice is available on the Company's website at www.psailpatran.com , on the BSE Limited website at www.bseindia.com , and on the NSDL e-voting website at www.evoting.nsdl.com . Members with queries related to e-voting may contact NSDL at evoting@nsdl.com or call 022 - 4886 7000. The Company Secretary and Compliance Officer, Ms. Kajal Goel (Membership No. A-37752), has signed the notice on behalf of the Board of Directors.

Piccadily Sugar & Allied Industries Limited convened a Board of Directors meeting on May 08, 2026, from 03.15 pm to 04.10 pm, to approve several governance resolutions. The Board accepted the resignation of Ms. Ramneek Kaur and appointed Ms. Renu Rawat as an Additional Independent Director, subject to shareholder approval. Additionally, the Board approved a Postal Ballot process for these changes and reconstituted its key committees.

Appointment of Ms. Renu Rawat

The Board, based on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Ms. Renu Rawat (DIN: 08161739) as a Non-Executive Independent Director effective May 08, 2026. The appointment is for a term of five years, contingent upon shareholder approval. Ms. Rawat holds a Bachelor of Arts from Punjab University and serves as an Independent Director in other organizations, including SYSCHEM (INDIA) LIMITED. She is not related to any Director, Key Managerial Personnel, or Promoter of the Company and meets the independence criteria under the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.

Resignation of Ms. Ramneek Kaur

The Board accepted the resignation of Ms. Ramneek Kaur (DIN: 10083512) from the position of Non-Executive Independent Director, effective May 08, 2026. The resignation was attributed to pre-occupations and personal commitments, with no other material reasons cited. The Board expressed appreciation for her contributions during her tenure.

Postal Ballot and Committee Reconstitution

The Board approved a Postal Ballot via remote e-voting for the appointment of M/s. Rattan Kaur and Associates, Chartered Accountants (Firm Registration No. 022513N), as Statutory Auditors to fill a casual vacancy, and for the appointment of Ms. Renu Rawat. Consequently, the Board committees were reconstituted effective May 08, 2026.

Audit Committee:

Nomination and Remuneration Committee: