Shree Renuka Sugars has submitted its annual report for the financial year 2025-26 to the National Stock Exchange and BSE. The filing, dated August 31, 2026, accompanies the notice for the company’s 30th Annual General Meeting (AGM) scheduled for Tuesday, September 22, 2026.

The annual report is being sent electronically to shareholders who have registered email addresses as on August 21, 2026. Shareholders without registered emails will receive a letter with a web link to access the complete details of the annual report and the AGM notice. The document is also available on the company’s website.

AGM Schedule and Voting

The 30th AGM will be held via video conferencing at 11:00 am on September 22, 2026, to transact ordinary and special business items. The remote e-voting period commences on Saturday, September 19, 2026, at 9:00 am and concludes on Monday, September 21, 2026, at 5:00 pm.

Director Appointments and Re-appointments

Shareholders will vote on the re-appointment of Mr. Kuok Khoon Hong as a Non-Executive Director. Additionally, the Board proposes the re-appointment of Mr. Ravi Gupta as Executive Director for five years, effective October 28, 2026. His annual remuneration is proposed to increase from ₹23.43 million to ₹25.07 million, with an annual bonus of ₹9.76 million for FY25-26 performance.

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

Related Party Transactions

The AGM seeks approval for material related-party transactions with Wilmar Sugar India Private Limited (WSIPL). A modification to the FY25-26 management services fee structure is proposed, shifting from a per-tonne basis to a lump-sum annual fee of ₹1 million due to 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 are deemed material under SEBI Listing Regulations as they aggregate with previously approved limits.

Financial Performance Context

The explanatory statement notes that the company incurred a net loss of ₹6,989 million in FY26, 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. The loss was attributed to headwinds in the refinery business, elevated sugarcane prices, and foreign exchange losses.

ICICI Bank Limited has disposed of a 2.17% stake in Shree Renuka Sugars through open market sales. The transaction involved the sale of 4,61,98,815 equity shares, with the last tranche executed on August 20, 2026.

The disposal reduces the lender’s total holding in the sugar and ethanol producer to 6.79% of the issued and paid-up equity share capital. Prior to this sale, ICICI Bank held 8.96% of the company’s voting rights.

Transaction Details

The sale was conducted in multiple tranches on the open market. The bank confirmed that none of the shares sold were encumbered by pledge, lien, or non-disposal undertakings. Similarly, no warrants or convertible securities were part of the transaction.

Regulatory Disclosure

The disclosure was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was submitted to BSE Limited and National Stock Exchange of India Limited on August 21, 2026.

Shree Renuka Sugars’ total equity share capital remains unchanged at Rs. 2,12,84,89,773, comprising 2,12,84,89,773 equity shares of face value Rs. 1 each. ICICI Bank is not part of the promoter or promoter group of the target company.