The Ravalgaon Sugar Farm Limited announced the resignation of Aarti Devendrabhai Chhedra from her role as Company Secretary and Compliance Officer. The resignation is effective from October 10, 2026.

Chhedra, who served as a Key Managerial Personnel of the company, tendered her resignation via a letter dated October 6, 2026. The filing was submitted to BSE Limited on October 6, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reason for departure

In the disclosure provided to the stock exchange, the company stated that Chhedra resigned for "better future prospects." Her resignation letter, also dated October 6, 2026, reiterated this reason and expressed gratitude to the Directors and staff for their cooperation during her tenure.

Disclosure details

The company provided specific details regarding the cessation of employment in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Nihal Doshi, Director and Chief Financial Officer, signed the intimation on behalf of the board. The company confirmed that the requisite forms would be filed with the Registrar of Companies and necessary disclosures made to the stock exchanges.

The Ravalgaon Sugar Farm passed all five resolutions at its 91st Annual General Meeting on September 16, 2026. The voting results show overwhelming promoter support, with 100% of promoter votes cast in favour of every agenda item.

The meeting was conducted via Video Conferencing and Other Audio Visual Means, in compliance with SEBI regulations and the Companies Act, 2013. Mr. Harshavardhan Doshi, Chairman and Managing Director, chaired the proceedings. The corporate office in Mumbai served as the deemed venue for the event.

Board Appointments

Shareholders approved several ordinary and special resolutions regarding director appointments:

• Re-appointment of Mr. Nihal Doshi as Executive Director for a three-year term.
• Re-appointment of Mr. Rajiv Jain as an Independent Director.
• Re-appointment of Mr. Subodh Mawalankar as an Independent Director.

Mr. Nihal Doshi retires by rotation but offered himself for re-appointment. Both independent directors were subject to special resolutions.

Voting Results

The scrutinizer's report reveals a distinct divergence between promoter and public shareholder sentiment. While the promoter group held 181,235 shares and voted unanimously in favour, public non-institutional shareholders demonstrated more resistance.

Public institutions holding 200 shares did not participate in the voting process. Among public non-institutions, 2,625 votes were cast against the resolutions, representing 14.36% of the polled votes from this category. Despite this opposition, all resolutions passed with the requisite majority.

Meeting Proceedings

The Company Secretary confirmed that the requisite quorum was present. Remote e-voting was facilitated by CDSL, with a voting period running from September 12 to September 15, 2026. Members who did not vote remotely were given an additional 15 minutes to cast their votes during the live session.

Two authorized representations from body corporates were received, covering 1,66,930 equity shares, which represents 49.10% of the paid-up capital. A total of 19 members attended the meeting through VC.

Financial Highlights

Mr. Nihal Doshi briefed members on business highlights for FY26. The statutory auditors and secretarial auditors issued reports without material qualifications or adverse remarks that would impact the company's functioning. Consequently, these reports were not read out in full during the meeting.