Shree Renuka Sugars Limited concluded its 30th Annual General Meeting on September 22, 2026, via video conferencing. The meeting addressed key governance matters, including the re-appointment of directors and approval of related party transactions with Wilmar Sugar India Private Limited.

The company reported that 7,55,801 shareholders were on record as of September 15, 2026. Due to the virtual format, 117 public shareholders participated through the video conferencing platform. No promoter group members attended the virtual session.

Board composition and leadership changes

The AGM transacted several business items focused on board continuity and remuneration. The Board recommended the re-appointment of Mr. Kuok Khoon Hong and Mr. Ravi Gupta, alongside the appointment of Mr. Vipin Kumar Rathi as Whole-Time Director. Additionally, Mr. Kwek Ju-Yang, Mark was proposed for appointment as a Non-Executive Director.

Key managerial personnel present at the meeting included:

Related party transactions and financial approvals

Shareholders considered resolutions regarding material modifications to terms with Wilmar Sugar India Private Limited for FY26 and future transactions for FY27. The meeting also covered the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

Remuneration approvals were sought for Executive Director Vijendra Singh and Non-Executive Director Atul Chaturvedi for their performance during FY26. The ratification of cost auditor remuneration was also part of the agenda.

Voting process and outcome

M/s. KFin Technologies Limited facilitated remote e-voting for all resolutions. CS Gaurav Kulkarni of SKGK & Associates LLP served as the scrutinizer for both remote and live voting processes. The Chairman clarified shareholder queries before the meeting concluded at 11:35 am IST.

Results of the voting were scheduled to be declared by September 24, 2026, and placed on stock exchange websites.

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.