Rana Sugars Limited has disclosed the consolidated voting results for its 34th Annual General Meeting (AGM), confirming that all five resolutions proposed were duly approved by shareholders with the requisite majority.

The AGM was conducted on September 30, 2026, through Video Conferencing and Other Audio-Visual Means. The meeting commenced at 12:33 pm and concluded at 1:03 pm. Chairman Rana Ranjit Singh declared the meeting in order after confirming the quorum. Managing Director Rana Veer Pratap Singh provided a brief overview of the company's fiscal health during FY26.

Key resolutions and voting outcomes

Members approved several ordinary and special resolutions during the session. The primary items included the adoption of standalone audited financial statements for FY26 and the reappointment of the Managing Director, who was liable to retire by rotation. Additionally, remuneration approvals for the Cost Auditors, Mrs. Kirandeep Kaur (relative), and Rana Veer Pratap Singh (MD) were ratified.

The scrutinizer’s report indicated that while promoter group votes cast in favor unanimously, public non-institutional shareholders showed dissent on specific related-party and remuneration items, though the overall majority remained secure.

Voting participation details

The company facilitated electronic voting through the CDSL platform. The remote e-voting window opened on September 27, 2026, and closed on September 29, 2026. CS Ajay K Arora served as the scrutinizer for the e-voting process. The record date/cut-off date for determining voting rights was September 23, 2026.

Out of 1,16,870 members on the record date, a total of 132 members participated in the voting process across the various resolutions. Specifically, 3 promoters/promoter group members and 64 public shareholders attended the meeting through Video Conferencing. No shareholders connected or unmuted during their allotted speaker slots, resulting in no live queries being addressed.

Scrutinizer report highlights

The consolidated report by Ajay Kumar Arora confirmed that no invalid votes were recorded. For Resolution 1 (Financial Statements), 35,061,809 votes were cast in favor against 134,409 votes against. Similarly, for Resolution 5 (Special Resolution for MD Remuneration), 35,060,274 votes supported the motion, while 135,934 voted against it. All results were unblocked on September 30, 2026, in the presence of two witnesses not employed by the company.

Rana Sugars Limited accepted the resignation of Gaurav Garg as Whole-time Director and Kirandeep Kaur as Administrative Head, effective October 1, 2026. Both officials cited personal reasons for their departure from these specific roles.

Gaurav Garg clarified that his resignation is limited to the office of Whole-time Director and Directorship. He will continue to serve as the Chief Financial Officer (CFO) of the company, discharging duties in accordance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Kirandeep Kaur resigned from her position as Administrative Head and Senior Management Personnel. Her resignation letter stated that she sought relief from her duties and responsibilities with effect from the same date due to personal reasons.

Regulatory disclosures

The company intimated these changes to the BSE and National Stock Exchange under Regulation 30 read with Schedule III, Part A, Para A (7C) of the SEBI Listing Regulations. Copies of the resignation letters were enclosed with the filing to provide transparency regarding the reasons for cessation.

The filing noted that Mr. Garg’s resignation does not constitute a departure from his CFO role. He expressed gratitude to the Board and stakeholders and committed to ensuring a smooth transition of responsibilities related to the directorship while continuing his financial oversight duties.