Indian Sucrose Limited has officially formalized the appointment of Mr. Sudeep Saxena as Non-Executive Independent Director, following the successful conclusion of its postal ballot process. The appointment became effective from January 31, 2026, for a five-year term extending until January 30, 2031.

Postal Ballot Results and Shareholder Approval

The postal ballot concluded on January 31, 2026, with all three proposed resolutions receiving overwhelming shareholder approval. The voting process covered critical resolutions that will shape the company's governance and operational framework.

Director Profile and Qualifications

Mr. Sudeep Saxena, aged 61 years, brings extensive experience in banking, corporate governance, legal compliance, and capital markets. He holds a Bachelor's degree in Mathematics and Law from the University of Delhi, and began his career as a Probationary Officer in the State Bank Group in 1988.

Voting Results and Participation

The first resolution regarding Mr. Sudeep Saxena's appointment received the highest participation, with 11224771 votes polled representing 64.5967% of outstanding shares. The resolution passed with 99.9999% votes in favor, receiving only 16 dissenting votes.

Regulatory Compliance and Process

The company has informed BSE Limited about the appointment under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The postal ballot process was conducted under the supervision of Dharmendra Kumar Dubey of D.K. Dubey & Associates, Company Secretaries, who was appointed as scrutinizer.

As of the record date December 26, 2025, Indian Sucrose Limited maintained a fully paid-up share capital of ₹17,37,67,010, comprising 17376701 equity shares of ₹10 each. The company confirmed that Mr. Saxena has no relationships with other directors and holds no shares in the company.

Indian Sucrose Limited has issued a postal ballot notice to shareholders for voting on corporate governance matters through electronic means. The company has scheduled the e-voting period from January 02, 2026 at 9:00 AM (IST) to January 31, 2026 at 5:00 PM (IST), with the cut-off date set as December 26, 2025.

Director Appointment Proposal

The company proposes to appoint Mr. Sudeep Saxena (DIN: 09199917) as a Non-Executive Independent Director for a consecutive term of five years, effective from January 31, 2026 to January 30, 2031.

Mr. Saxena currently serves as an Independent Director on the boards of five companies. He began his career as a Probationary Officer in the State Bank Group in 1988 and holds CAIIB certification along with professional accreditations from NIBM and Factors Chain International.

Related Party Transaction Approvals

Shareholders will vote on material modifications to approved related party transactions for FY 2025-26 with three key entities.

These transactions represent significant percentages of the company's audited standalone turnover for FY 2024-25, with Indian Green Revolution accounting for 36.65%, Highlink Investment for 22.91%, and Tiazo Trade for 13.74%.

Loan Limit Revision

The third resolution seeks approval for revised limits of advancing loans to related parties under Section 185 of the Companies Act, 2013. The company proposes to increase the aggregate loan limit to ₹225.00 crores for four related entities.

All proposed loans will be unsecured and carry appropriate market interest rates, with repayment terms to be determined in individual loan agreements.

Voting Process and Timeline

The company has appointed Mr. Dharmendra Kumar Dubey (Membership No. FCS 7898) of M/s. DK Dubey & Associates as the Scrutinizer for conducting the postal ballot process. National Securities Depository Limited (NSDL) will provide the remote e-voting facility to shareholders.

Results Declaration

The Scrutinizer will submit the report to the Chairman upon completion of the voting process. Results will be declared within two working days of the conclusion of remote e-voting and will be communicated to BSE Limited, displayed on the company's website, and on NSDL's website. The resolutions, if passed by requisite majority, will be deemed to have been passed on January 31, 2026.