Sukhjit Starch & Chemicals has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra on September 8, 2026, to establish a new maize processing unit in Nashik district. The project entails a capital expenditure of ₹500 crore and will have a grinding capacity of 1200 TPD (tonnes per day).

Facility details

The proposed state-of-the-art facility is dedicated to the production of maize starch and its derivatives. This expansion aims to strengthen the company's market presence and increase its overall production capacity. The agreement formalizes the company's entry into Maharashtra, marking a significant step in scaling its starch manufacturing operations.

Key highlights of the agreement

The table below summarizes the key parameters of the announced facility:

• The facility will focus on producing maize starch and related derivatives.
• The plant will operate at a capacity of 1200 TPD.
• The total capital expenditure commitment stands at ₹500 crore.

Implementation timeline

The company stated that further effective steps for setting up the new unit will be taken after receiving the timeline from the State Government for providing the necessary infrastructure required for the project. This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Sukhjit Starch & Chemicals shareholders approved a final dividend of ₹1 per equity share and re-appointed key board members at the company’s 82nd Annual General Meeting held on August 26, 2026.

The meeting, chaired by Non-Executive Chairperson Smt. Manjoo Sardana, concluded with overwhelming support for all resolutions. Shareholders voted to adopt the financial results for the year ended March 31, 2026, alongside the Directors’ Report and Auditors’ Report. The dividend payout represents a 20% return on the face value of ₹5 per equity share.

Board Re-Appointments

The shareholders approved the re-appointment of Managing Director Sh. Kuldip Krishan Sardana, who retires by rotation. Additionally, the board secured consent for the re-appointment of Sh. M.G. Sharma as an Executive Director for a five-year term ending May 31, 2031. Smt. Shalini Umesh Chablani was also re-appointed as a Non-Executive Director for three years, effective September 1, 2026.

New Independent Directors

Two new independent directors were appointed to the board effective August 26, 2026:

• Sh. Anil Sikka, appointed for a five-year term until August 25, 2031
• Sh. Sanjeev Kumar, appointed for a five-year term until August 25, 2031

Both appointments followed recommendations from the Nomination & Remuneration Committee and the Board of Directors.

Voting Results

The voting process utilized both electronic voting via NSDL and ballot forms for in-person attendees. Practicing Company Secretary Sh. Parminder Singh Rally served as the scrutinizer. The consolidated voting results are detailed below:

The company also ratified the remuneration of its Cost Auditors for the financial year ending March 31, 2027. All resolutions were passed in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.