Prudential Sugar Corporation Limited announced that all resolutions proposed at its 35th Annual General Meeting (AGM) were duly approved by shareholders with the requisite majority. The meeting was held virtually on September 30, 2026, via Video Conferencing and Other Audio Visual Means.

The company submitted the voting results and the Scrutinizer's report to stock exchanges in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A total of 59 members participated in the remote e-voting process, while no members cast votes during the live AGM session.

Voting outcomes on ordinary business

Shareholders overwhelmingly supported the adoption of standalone and consolidated audited financial statements for the financial year ended March 31, 2026. The resolution received 99.69% of valid votes in favor. Similarly, the re-appointment of Mahip Jain as a director, who retired by rotation, was approved with an identical margin of support.

Special business approvals

The special resolution for the re-appointment of Kurra Subba Rao as Executive Director also passed with 99.69% of votes in favor. This indicates strong shareholder confidence in the current management structure. One shareholder holding 100 shares abstained from voting on the director re-appointment resolutions.

What the numbers show

The voting data reveals a high concentration of support among participating shareholders. With only two members voting against any of the three resolutions, dissenting voices represented just 0.31% of the total valid votes cast. This uniformity across financial adoption and management appointments suggests minimal shareholder friction regarding the company's FY26 performance and leadership continuity.

Prudential Sugar Corporation Board of Directors approved the schedule for its 35th Annual General Meeting and the Directors' Report for FY26 on September 4, 2026.

The meeting concluded with the approval of several key governance and compliance items. The company has fixed September 30, 2026, as the date for the AGM, which will commence at 2:30 pm.

Key Approvals

The Board considered and approved the following resolutions during the session:

• Directors' Report for the financial year ended March 31, 2026
• Appointment of Ms. Sweety Kapoor, a practicing company secretary based in Hyderabad, as the Scrutinizer for the AGM
• Secretarial Audit Report issued by M/s. RBM Associates, practicing company secretaries in Kolkata

AGM Logistics

Shareholders must be on record between September 23, 2026, and September 30, 2026, to attend the meeting. The book closure period aligns with the meeting date to ensure eligibility for voting rights.

The Board Meeting commenced at 2:00 pm and concluded at 3:30 pm. The intimation was filed under Regulation 30 and Regulation 47 of the SEBI (LODR) Regulations, 2015.

Financial Results for FY26

The company reported a standalone net profit after tax of ₹35,048.94 thousand for FY26, an increase from ₹21,046.99 thousand in FY25. Consolidated net profit rose to ₹61,640.10 thousand from ₹57,406.90 thousand in the previous year. Total income stood at ₹10,02,371.26 thousand (standalone) and ₹10,49,962.62 thousand (consolidated).

Director Reappointments

The AGM agenda includes the reappointment of Mr. Mahip Jain as a Non-Executive Director liable to retire by rotation. Additionally, shareholders will vote on the reappointment of Mr. Kurra Subba Rao as Executive Director for a period of five years, effective October 1, 2026. This requires a special resolution due to his age exceeding 70 years.

E-Voting and Meeting Mode

The AGM will be held through Video Conferencing (VC) or Other Audio Visual Means (OAVM). Remote e-voting will be facilitated by National Securities Depository Limited (NSDL). The e-voting period begins on September 27, 2026, at 9:00 am and ends on September 29, 2026, at 5:00 pm. Shareholders holding shares in demat mode can vote through their depository accounts.