SBEC Sugar Limited has completed a leadership transition in its compliance function, with Mr. Madhur Agarwal appointed as Company Secretary and Compliance Officer effective May 01, 2026, replacing Mr. Anil Kumar Goel. In a subsequent filing to the Bombay Stock Exchange dated May 04, 2026, the company formally disclosed the detailed reason for Mr. Goel's resignation as required under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Leadership Transition Details

The company's disclosure to BSE outlines the key parameters of the transition, including the resignation date and the continuity arrangement for both outgoing and incoming personnel.

Reason for Resignation

As per Annexure-A filed with BSE on May 04, 2026, Mr. Anil Kumar Goel resigned from the position of Company Secretary and Compliance Officer due to his pre-occupancy in other activities of the company under his role as Chief Financial Officer. The company simultaneously appointed another Company Secretary and Compliance Officer to carry out the duties of Compliance Officer as provided under SEBI regulations and other applicable laws. This disclosure was made in compliance with SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

New Appointee Profile

Mr. Madhur Agarwal brings specialized expertise to the role as an Associate Member of the Institute of Company Secretaries of India (ICSI) with membership number ACS 72821. He successfully completed the Company Secretary course in December 2022 and holds a bachelor's degree in law from Chaudhary Charan Singh University, completed in December 2023.

Regulatory Compliance Framework

The appointment has been made in accordance with the provisions of the Companies Act, 2013, and the SEBI Listing Regulations, designating Mr. Agarwal as Key Managerial Personnel. The following table summarizes the key regulatory aspects of the disclosure.

The arrangement ensures seamless transition of compliance responsibilities, with Mr. Goel continuing his role as Chief Financial Officer while Mr. Agarwal assumes the Company Secretary and Compliance Officer functions. The company has indicated that the appointment details will be formally noted in the upcoming board meeting, completing all procedural requirements for the leadership transition.

SBEC Sugar Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling mandatory regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The filing, dated April 10, 2026, pertains to the quarter ended March 31, 2026.

Regulatory Compliance Filing

The certificate was filed pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer A.K. Goel submitted the documentation on behalf of SBEC Sugar Limited, with the filing digitally signed and authenticated.

Registrar Confirmation

Beetal Financial & Computer Services Private Limited, serving as the company's Registrar and Share Transfer Agent, provided the underlying certificate. The SEBI-approved Category I Registrar (Registration No. INR 000000262) confirmed compliance with dematerialization requirements for the quarter.

The registrar's certificate, dated April 3, 2026, and signed by General Manager Punit Mittal, addresses key regulatory compliance areas:

• Securities received from Depository Participants for dematerialization were properly confirmed to depositories
• All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialization were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within the mandated 15-day period

Regulatory Framework

The filing references multiple regulatory circulars and guidelines, including NSDL circular dated January 25, 2019, CDSL policy dated January 25, 2019, and SEBI letter dated January 24, 2019. These regulations ensure proper handling of dematerialization processes and maintain investor protection standards.

Corporate Compliance

This quarterly filing demonstrates SBEC Sugar Limited's adherence to mandatory regulatory requirements governing depositories and participants. The systematic submission of compliance certificates helps maintain transparency in share transfer and dematerialization processes, ensuring investor confidence and regulatory compliance.