SBEC Sugar Limited has announced the successful completion of a one-time settlement (OTS) with Modi Industries Limited, recovering the full outstanding dues of ₹141,77,38,548 (Rupees One Hundred Forty-One Crores Seventy-Seven Lakhs Thirty-Eight Thousand Five Hundred Forty-Eight only). The intimation was made under Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was communicated to the Bombay Stock Exchange on May 04, 2026.

Settlement Details

The following table summarises the key parameters of the one-time settlement:

Background and Agreement

The settlement originated from an agreement cum deed of settlement entered into by SBEC Sugar Limited on February 03, 2026 with Modi Industries Limited. The agreement was executed for the one-time settlement of dues recoverable from Modi Industries Limited against the assignment of debt that had been earlier taken by the company. The total dues covered under this settlement amounted to ₹141,77,38,548.

Full and Final Settlement Confirmed

SBEC Sugar Limited has confirmed that it has received the balance sum from Modi Industries Limited, inclusive of interest, constituting the full and final settlement of all outstanding dues under the OTS. The company has certified that the following categories of dues stand fully cleared:

• Principal amount
• Interest accrued
• Charges applicable
• Any other expenses related to the aforesaid debt

With the receipt of the balance payment, SBEC Sugar Limited has certified that there are no dues outstanding from Modi Industries Limited against the debt purchased by the company. The intimation was signed by A.K. Goel, Chief Financial Officer, of SBEC Sugar Limited, and was digitally authenticated on May 04, 2026.

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.