Rana Sugars has scheduled its 34th Annual General Meeting for September 30, 2026, to transact business including the reappointment of its Managing Director and approval of significant remuneration increases. The meeting will be held via Video Conferencing or Other Audio Visual Means.

Key Resolutions

The notice outlines several special resolutions for shareholder approval:

• MD Remuneration Hike: Approval sought to increase the monthly remuneration of Managing Director Rana Veer Pratap Singh from ₹25 lakh to ₹30 lakh, effective April 1, 2027. This includes a fixed pay component and variable performance-linked bonus.
• Related Party Salary Increase: Consent required under Section 188 of the Companies Act to raise the monthly salary of Mrs. Kirandeep Kaur, Administration Head and relative of the Chairman, from ₹5 lakh to ₹15 lakh.
• Cost Auditor Fees: Ratification of remuneration for M/s Khushwinder Kumar & Co. as Cost Auditors for FY27, set at ₹69,733 plus GST and out-of-pocket expenses.

Financial Performance FY26

For the financial year ended March 31, 2026, the company reported a net profit of ₹2,381.40 lakh, down from ₹3,438.29 lakh in the previous year. Revenue from operations stood at ₹1,74,344.14 lakh, marginally lower than the ₹1,74,515.51 lakh recorded in FY25.

The decline in profitability was attributed to challenging market conditions and fluctuations in commodity prices. The Board decided not to recommend any dividend for the year, opting to plough back earnings for business growth.

Regulatory and Legal Updates

The annual report highlights ongoing regulatory challenges:

• Enforcement Directorate Probe: The company disclosed an order from the Enforcement Directorate dated April 1, 2025, seizing immovable property worth ₹22.02 crore under FEMA regulations. The matter relates to the non-utilization of Global Depository Receipt proceeds from 2006. An appeal is pending before the Appellate Authority in Delhi.
• SEBI Penalties: The company was fined ₹7 crore by SEBI in August 2024 for alleged violations of LODR regulations. An appeal is filed with the Securities Appellate Tribunal. Additionally, fines of ₹60,000 each were imposed by BSE and NSE for late submission of Q3FY25 results.

Operational Highlights

Sugarcane crushing declined by 27% to 115.97 lakh quintals compared to the previous year, while sugar beet crushing increased by 43.49% to 23.59 lakh quintals. The distillery segment saw increased production, with total ethanol output rising to 1,072.59 lakh bulk litres from 902.82 lakh bulk litres in FY25.

What the Numbers Show

While revenue remained flat, the sharp contraction in EBITDA (from ₹10,482.76 lakh to ₹7,156.34 lakh) indicates significant margin pressure during FY26. This divergence suggests that cost structures or input prices did not align favorably with stable top-line growth, impacting the bottom line disproportionately.

Rana Sugars Limited has accepted the resignation of Dr. Raju Foujdar from the position of Group HR Head effective June 25, 2026. The resignation was submitted due to personal reasons and commitments, marking a change in the company's senior management personnel structure.

The company informed the Department of Corporate Services at The BSE Limited and the National Stock Exchange of India Limited regarding the cessation. This disclosure was made in compliance with Regulation 30 read with Schedule III, Part A, Para A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of Cessation

The following table outlines the specific details regarding the change in senior management personnel as provided in the regulatory filing:

The filing also referenced SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, regarding the disclosure requirements for such changes. Madhur Bain Singh, Company Secretary & Compliance Officer, signed the intimation sent to the exchanges.