Uttam Sugar Mills appointed Harish Kumar Dhingra as Chief Financial Officer on September 18, 2026. The Board of Directors approved the appointment during a meeting held that day, designating him as General Manager – Finance & CFO.

The decision followed recommendations from both the Nomination & Remuneration Committee and the Audit Committee. This move fills the key managerial personnel (KMP) position for the sugar manufacturing firm.

Appointment Details

Dhingra assumes the CFO role effective September 18, 2026. He will hold the dual designation of General Manager – Finance and CFO, reporting directly to the board on financial strategy and compliance matters.

Professional Background

Harish Kumar Dhingra brings more than three decades of corporate finance experience to the position. A qualified Cost and Management Accountant (CMA), he cleared his examinations in December 1994 after completing his B.Com from the University of Delhi.

His career began in 1991 at Montari Industrial Ltd. He subsequently joined Willard India Ltd. in 1996 as Assistant Manager before moving to Uttam Sugar Mills Ltd. in 2005, also starting as Assistant Manager.

Dhingra progressed through the ranks at Uttam Sugar Mills, becoming General Manager – Finance in July 2017. His tenure at the company spans over two decades, providing deep institutional knowledge of its operations and financial structure.

Regulatory Compliance

The disclosure complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It also adheres to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, updated on January 30, 2026.

Rajesh Garg, Company Secretary and Compliance Officer, signed the filing. The board meeting commenced at 3:00 pm and concluded at 3:45 pm on September 18, 2026.

Uttam Sugar Mills confirmed that all resolutions at its 31st Annual General Meeting on September 18, 2026, were passed with the requisite majority. The scrutinizer’s report revealed overwhelming shareholder backing, with total valid votes cast exceeding 23.26 million across most items.

The meeting, held via video conferencing, approved the audited standalone and consolidated financial statements for FY26 and declared a final dividend. M/s N. K. Rastogi & Associates served as the scrutinizer for the voting process. Company Secretary Rajesh Garg filed the results with NSE and BSE pursuant to Regulation 44 of SEBI (LODR) Regulations, 2015.

Voting Results by Resolution

Shareholders voted in favor of all ordinary and special resolutions. The approval rates were unanimous (100%) for the adoption of financial statements, dividend declaration, and most director reappointments. However, the reappointment of Managing Director Raj Kumar Adlakha saw significant dissent from public institutional investors, who voted against the resolution by 52.5%. Despite this, the promoter group’s full support ensured the resolution passed with 99.95% overall support.

Shareholder Participation Details

The detailed filing reveals distinct voting patterns across shareholder categories. Of the 38,138,120 total shares held, promoters held 28,492,830 shares (74.7%).

• Promoter Group: Voted in favor of all resolutions with 100% support on polled votes. Participation rate was high, with 80.9% of outstanding promoter shares voted on financial statement adoptions.
• Public Institutions: Held 177,561 shares. While they supported financial approvals unanimously, they voted against the reappointment of MD Raj Kumar Adlakha (52.5% against). They supported other director reappointments and Section 180 consents unanimously.
• Public Non-Institutions: Held 9,467,729 shares. This group showed negligible opposition to most resolutions, with less than 0.2% votes against on key items like financials and dividend declarations.

Only 137 shareholders attended the meeting through Video Conferencing, comprising 8 from the promoter group and 129 from the public category. E-voting was the primary mode for all resolutions.

Governance and Operational Updates

The board highlighted improvements in profitability, debt reduction, and operational efficiency during FY26. Managing Director Raj Kumar Adlakha addressed members on cane development initiatives, ethanol blending progress, and the expansion of distillery capacity at subsidiary Uttam Distilleries Limited. He also noted growth in branded and specialty sugar products.

Shankar Lal Sharma was reappointed as Whole Time Director, and Ravi Kumar was reappointed as an Independent Director. The company also secured shareholder consent for creating charges and borrowings under Section 180 of the Companies Act, 2013.