Shree Renuka Sugars will hold its 30th Annual General Meeting on Tuesday, September 22, 2026. The meeting will be conducted via video conferencing.

Key Resolutions

Shareholders will vote on several board appointments and remuneration packages. Key items include:

• Re-appointment of Mr. Ravi Gupta as Executive Director for five years, effective October 28, 2026.
• Appointment of Mr. Vipin Kumar Rathi as Whole-Time Director for five years, effective August 5, 2026.
• Re-appointment of Mr. Kuok Khoon Hong as a Non-Executive Director.
• Appointment of Mr. Kwek Ju-Yang, Mark as a Non-Executive (Non-Independent) Director.

Remuneration Approvals

The meeting will also seek approval for annual bonuses for key executives based on their performance during FY25-26:

Mr. Gupta’s annual remuneration will increase from ₹23.43 Mn to ₹25.07 Mn per annum, effective April 1, 2026. Mr. Rathi’s annual cost to company is set at ₹11.27 Mn.

Related Party Transactions

The company seeks shareholder approval for material related party transactions with Wilmar Sugar India Private Limited (WSIPL), a subsidiary of the same holding company.

For FY25-26, shareholders will approve a modification to the pricing mechanism for management services provided to WSIPL. The fee will shift from a per-metric-tonne charge to a lump-sum annual fee of approximately ₹1 Mn, as WSIPL did not undertake sugar purchases in FY25-26.

For FY26-27, the company proposes a new management services agreement with WSIPL valued at up to ₹10 Mn. This is in addition to previously approved transactions aggregating up to ₹30,002 Mn for the year.

Financial Context

The company incurred a net loss of ₹6,989 Mn in FY26, compared to a loss of ₹2,558 Mn in FY25. Total revenue declined to ₹86,756 Mn from ₹1,02,794 Mn in the prior year. The loss was driven by lower EBITDA due to refinery headwinds, elevated sugarcane prices, and foreign exchange losses.

Shree Renuka Sugars has filed its annual report for FY26 with the stock exchanges, confirming the schedule for its 30th Annual General Meeting (AGM). The meeting is scheduled for September 22, 2026.

The company published newspaper advertisements in Financial Express and Kannada Prabha on September 1, 2026, to notify shareholders of the AGM and the availability of the annual report. The document was dispatched electronically to registered shareholders on August 31, 2026.

AGM Schedule and Voting Details

The 30th AGM will be conducted via video conferencing at 11:00 am on September 22, 2026. Shareholders holding shares as on the cut-off date of September 15, 2026, are eligible to vote.

Remote e-voting commences on September 19, 2026, at 9:00 am and concludes on September 21, 2026, at 5:00 pm. KFin Technologies Limited serves as the registrar for the voting process. Results will be declared by September 24, 2026.

Director Appointments and Remuneration

Shareholders will vote on several board appointments. Mr. Kuok Khoon Hong is up for re-appointment as a Non-Executive Director. Mr. Ravi Gupta’s re-appointment as Executive Director for five years is proposed, effective October 28, 2026. His annual remuneration is set to rise from ₹23.43 million to ₹25.07 million, alongside an annual bonus of ₹9.76 million for FY25-26 performance.

Mr. Vipin Kumar Rathi is proposed as Whole-Time Director for five years, effective August 5, 2026, with an annual cost to company of approximately ₹11.27 million. Mr. Kwek Ju-Yang, Mark will be appointed as a Non-Executive (Non-Independent) Director.

Related Party Transactions

The AGM seeks approval for related-party transactions with Wilmar Sugar India Private Limited (WSIPL). A modification to the FY25-26 management services fee structure shifts from a per-tonne basis to a lump-sum annual fee of ₹1 million, citing lack of sugar purchases by WSIPL.

For FY26-27, shareholders are asked to approve management services agreements with WSIPL valued at up to ₹10 million. These transactions aggregate with previously approved limits under SEBI Listing Regulations.

Financial Performance Context

The explanatory statement highlights a widening loss in FY26. The company incurred a net loss of ₹6,989 million, compared to a loss of ₹2,558 million in FY25. Total revenue declined to ₹86,756 million from ₹1,02,794 million in the prior year. Management attributed the results to headwinds in the refinery business, elevated sugarcane prices, and foreign exchange losses.