Piccadily Sugar & Allied Industries Ltd shareholders approved the issuance of Non-Convertible, Cumulative, Non-Participating, Redeemable Preference Shares (NCRPS) on a private placement basis during the company's 33rd Annual General Meeting held on September 25, 2026.

The meeting, conducted via video conferencing in compliance with MCA and SEBI circulars, also saw the adoption of standalone audited financial statements for the fiscal year ended March 31, 2026. Key resolutions included the re-appointment of Mr. Naveen Pawar as Whole-Time Director and the appointment of M/s Rattan Kaur & Associates as statutory auditors.

Voting results and scrutiny

The consolidated results of e-voting, including remote e-voting and voting during the meeting, were scrutinized by Prince Chadha, Practicing Company Secretary. The results were unblocked on September 25, 2026, in the presence of two witnesses.

All seven resolutions proposed in the notice were passed by members with the requisite majority. The total number of members who participated in voting was 67, representing 17,441,512 shares. For every resolution, votes cast in favour stood at 17,441,511 shares (66 members), while votes against amounted to just 1 share (1 member). There were no invalid votes.

Resolutions passed

The following ordinary and special resolutions were passed by the members present:

Meeting proceedings

The meeting was chaired by Mr. Naveen Pawar, Whole Time Director and Chairman of the Board. Other directors present included Mr. Akhil Dada, Ms. Avneet Kaur, and Ms. Renu Rawat. The Company Secretary informed members that the requisite quorum was present and that remote e-voting facilities had been available from September 22, 2026, to September 24, 2026.

Members whose names appeared in the Register of Members or List of Beneficial Owners as on Friday, September 18, 2026, being the cut-off date, were entitled to vote. The scrutinizer report confirms that the voting process was conducted in a fair and transparent manner using the electronic voting system provided by National Securities Depository Limited (NSDL).

Piccadily Sugar & Allied Industries Limited will convene its 33rd Annual General Meeting on September 25, 2026, at 12:30 pm. The meeting will be held through Video Conferencing or Other Audio-Visual Means (OAVM) in compliance with the Companies Act, 2013, and SEBI Listing Regulations.

The company has dispatched the Notice of the AGM along with the Annual Report for FY26 to shareholders who have registered their email addresses with the company or their Depository Participants. Shareholders holding physical shares or those without registered emails have been sent a letter containing a web link to access the documents.

Voting and Book Closure Details

Shareholders holding shares as on the cut-off date of September 18, 2026, are eligible to vote. The register of members and share transfer books will remain closed from September 19, 2026, to September 25, 2026.

Members who have cast their votes through remote e-voting may attend the AGM but cannot vote again. Those attending the virtual meeting without prior remote voting can cast their votes during the session. Technical assistance is available via NSDL's helpdesk.