Bannari Amman Sugars Appoints Sowmya Sitaram as Independent Woman Director

Bannari Amman Sugars Limited (BASL) has announced a significant addition to its board of directors. The company has appointed Smt. Sowmya Sitaram as a Non-Executive Woman Independent Director for a five-year term, starting from September 11, 2025, to September 10, 2030.

Appointment Details

The appointment of Smt. Sowmya Sitaram (DIN: 11254035) was initially proposed on August 29, 2025, and has now been approved by the shareholders through a postal ballot process. The results, declared on October 24, 2025, confirmed that the special resolution for her appointment passed with the requisite majority.

Profile of Smt. Sowmya Sitaram

Smt. Sowmya Sitaram brings a wealth of legal experience to the BASL board:

Qualifications: B.A., B.L.
Experience: Over 37 years in legal practice
Specialization: Civil disputes, including money suits, mortgage suits, and specific performance suits
Roles: Legal advisor for various banks, Asset Reconstruction Companies, and other organizations
Notable Work: Handles legal matters for Sri Kanchi Kamakoti Medical Trust

Voting Results

The appointment was subject to shareholder approval, which was conducted through a remote e-voting process. Here are the key voting statistics:

Voter Category	Votes in Favor	Votes Against	% in Favor
Promoter Group	7,360,276	0	100.00
Public - Institutional	13,069	0	100.00
Public - Others	1,904,107	106	99.99
Total	9,277,452	106	100.00

The overwhelming support from all categories of shareholders underscores the confidence in Smt. Sitaram's appointment.

Implications for Corporate Governance

This appointment aligns with BASL's commitment to diversity and strong corporate governance practices. As an independent director, Smt. Sitaram is expected to bring her extensive legal expertise to bear on the company's decision-making processes, potentially strengthening BASL's legal compliance and risk management frameworks.

The company has confirmed that Smt. Sitaram is not related to any existing Director or Key Managerial Personnel of Bannari Amman Sugars Limited, ensuring her independence in the role.

With this strategic addition to its board, Bannari Amman Sugars Limited reinforces its dedication to maintaining a balanced and skilled leadership team, poised to guide the company through the complexities of the sugar industry and broader corporate landscape.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.44%	+2.97%	-4.82%	-9.77%	-6.11%	+167.89%

Bannari Amman Sugars Limited , a prominent player in the sugar industry, has initiated a postal ballot to seek shareholder approval for the appointment of Smt. Sowmya Sitaram as a Non-Executive Woman Independent Director. The company's Board of Directors, following the recommendation of the Nomination and Remuneration Committee, has proposed her appointment for a five-year term from September 11, 2025, to September 10, 2030.

About Smt. Sowmya Sitaram

Smt. Sowmya Sitaram, aged 63, brings a wealth of legal expertise to the board. With over 37 years of experience as a practicing lawyer in Coimbatore, she has established herself as a legal advisor to various banks, asset reconstruction companies, and corporations. Her extensive experience covers a wide range of civil disputes, including money suits, mortgage suits, and specific performance suits.

Key Details of the Appointment

Aspect	Details
Designation	Non-Executive Woman Independent Director
Term	Five consecutive years (September 11, 2025 to September 10, 2030)
Qualifications	B.A., B.L.

Voting Process

Bannari Amman Sugars has opted for an electronic voting process for this postal ballot:

E-voting Period: Commences on September 24, 2025, at 9:00 AM (IST) and concludes on October 23, 2025, at 5:00 PM (IST)
Results Announcement: On or before October 25, 2025

Independence and Compliance

The company has received declarations from Smt. Sowmya Sitaram confirming that she meets the criteria of independence as provided under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI Listing Regulations. She is not disqualified from being appointed as a Director under Section 164 of the Act and is not debarred from holding the office of Director by virtue of any SEBI order or any other authority.

Board's Recommendation

The Board of Directors of Bannari Amman Sugars Limited has expressed their opinion that Smt. Sowmya Sitaram is a person of integrity and possesses relevant expertise and experience. They believe her appointment as an Independent Director will be beneficial to the company and recommend the resolution for shareholders' approval.

This move by Bannari Amman Sugars to appoint Smt. Sowmya Sitaram as an Independent Director aligns with corporate governance best practices and regulatory requirements for board diversity and independence. Shareholders will have the opportunity to cast their votes on this significant appointment, which could bring valuable legal insights to the company's board.