Piccadily Sugar and Allied Industries Limited secured shareholder approval for the appointment of a new independent director and statutory auditors through a postal ballot process concluded on June 17, 2026. The resolutions were passed with an overwhelming majority, receiving 99.9997% of the valid votes in favour, thereby strengthening the company's governance framework and filling a critical vacancy in its audit oversight.

The postal ballot notice was dispatched to members on May 08, 2026, with the cut-off date for determining eligibility set as May 15, 2026. The remote e-voting period was open from May 19, 2026, to June 17, 2026, providing shareholders ample opportunity to participate in the decision-making process. The scrutiny of the votes was conducted by Prince Chadha, a Practicing Company Secretary and proprietor of P. Chadha & Associates, in compliance with the Companies Act, 2013, and relevant SEBI regulations.

Voting Results

The first resolution sought the appointment of Ms. Renu Rawat (DIN: 08161739) as an Independent Director of the company for a term of five years. The second resolution proposed the appointment of Statutory Auditors to fill a casual vacancy and to fix their remuneration, with the term effective from April 27, 2026, until the conclusion of the upcoming Annual General Meeting.

A total of 59 members participated in the voting process, representing 17,441,082 shares. There were no invalid votes recorded for either resolution. The votes were unblocked on June 17, 2026, in the presence of two witnesses not employed by the company, ensuring the integrity of the process. The detailed voting records will be sealed and handed over to the authorized representative of the Board for safekeeping.

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.