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

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.

Arisinfra and Merusri Developers have joined forces to launch an ambitious new residential project in Bengaluru, showcasing their commitment to luxury living in India's tech hub. The project, named Merusri Sunscape, is set to make a significant impact on the city's real estate landscape.

Project Overview

Merusri Sunscape, the latest offering from Arisinfra and Merusri Developers, is a premium villa community strategically located on Bengaluru's IVC Road. This upscale development is poised to cater to the growing demand for high-end residential properties in the area.

Key Features

• Location: Situated on IVC Road, Bengaluru
• Project Type: Villa community
• Total Area: Approximately 275,000 square feet
• Saleable Area: 235,000 square feet
• Gross Development Value: Exceeding ₹250 crore

Market Impact

The launch of Merusri Sunscape is a notable development in Bengaluru's real estate sector. With a gross development value surpassing ₹250 crore, the project represents a substantial investment in the city's property market. This high-value project could potentially influence property prices and investor interest in the surrounding areas.

Developer Collaboration

The collaboration between Arisinfra and Merusri Developers brings together their respective expertise in the real estate sector. This partnership aims to deliver a high-quality residential experience to potential homeowners in Bengaluru.

Conclusion

As Bengaluru continues to grow as a major technology and business hub, the demand for premium residential properties is expected to rise. The launch of Merusri Sunscape by Arisinfra and Merusri Developers is a response to this trend, offering luxurious villas in a prime location. The success of this project could set a new benchmark for similar developments in the city's real estate market.