Rana Sugars Limited appointed Mr. Amarjeet Singh as General Manager (Environment, Health and Safety) on June 23, 2026. The Board of Directors approved the appointment through a resolution passed by circulation, following the recommendation of the Nomination and Remuneration Committee. This strategic move aims to bolster the company's oversight of environmental compliance and operational safety protocols.

Mr. Singh brings approximately 27 years of extensive experience in operations and EHS management within the corporate sector. Prior to this role, he served as D.G.M. (Operations) at Piccadily Agro Industries Limited, Indri unit. His expertise covers the operation, maintenance, erection, and commissioning of critical treatment plants, including Water Treatment Plants (WTP), Effluent Treatment Plants (ETP), Sewage Treatment Plants (STP), Reverse Osmosis (RO) Plants, DM Plants, and Zero Liquid Discharge (ZLD) systems.

The appointment was disclosed to the stock exchanges in compliance with Regulation 30 read with Para A (7) of Part A of Schedule III of the SEBI (Listing Obligation Disclosures Requirements) Regulations, 2015. The company also referenced SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, regarding the details of the appointment.

Mr. Singh holds a Diploma in Environment, Health and Safety (EHS) and a NEBOSH International General Certificate in Occupational Safety & Health (UK). His professional background includes strong knowledge of environmental compliance requirements, ensuring adherence to regulations prescribed by the Central Pollution Control Board (CPCB), State Pollution Control Boards (SPCBs), State Ground Water Authorities (SGWA), and other relevant authorities.

Key Details of Appointment

BSE has accepted a waiver application from Rana Sugars regarding a penalty imposed for a delay in submitting financial results. The exchange levied a fine of ₹70,800 after the company filed its results for the quarter ended December 31, 2024, 12 days after the regulatory deadline on February 28, 2025.

The National Stock Exchange of India Limited (NSE) had also imposed an identical penalty of ₹70,800 for the same violation. Following the imposition of fines, the company submitted waiver applications to both stock exchanges on March 25, 2025, and paid a requisite waiver application fee of ₹10,000.

BSE communicated its decision to accept the waiver via email on June 16, 2026. The approval was granted by the exchange's "Internal Regulatory Oversight and Review Group" after reviewing the company's submission. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Violation and Waiver

The regulatory action stemmed from the delay in filing the financial results for the quarter ended December 31, 2024. The table below outlines the key dates and financial figures associated with the incident.

The company stated that the acceptance of the waiver application by BSE resolves the penalty issue with that specific exchange. The status of the waiver application with the NSE was not detailed in the filing.