Indian Sucrose Limited has successfully concluded its postal ballot voting process, with all three proposed resolutions receiving overwhelming shareholder approval. The voting period concluded on January 31, 2026, marking significant corporate governance developments for the sugar manufacturing company.

Key Resolutions Approved

The postal ballot covered three critical resolutions that will shape the company's governance and operational framework:

Voting Results and Shareholder Participation

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

The second and third resolutions, both relating to related party transactions and loan limits, received identical voting patterns with 121470 votes polled. These resolutions achieved 99.9786% approval rates, with 121444 votes in favor and 26 votes against each resolution.

Corporate Structure and Shareholding

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's shareholder base includes 20100 registered shareholders, demonstrating a broad ownership structure across promoter and public categories.

Scrutinizer and Process Details

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 on December 26, 2025. The remote e-voting facility was provided through NSDL's platform, with the voting period commencing on January 02, 2025, and concluding on January 31, 2026.

The company published advertisements regarding the postal ballot notice in Financial Express (English) and Jansatta (Hindi) newspapers on December 30, 2025, ensuring proper communication to all eligible shareholders. The scrutinizer's report was issued on February 02, 2026, confirming the validity and successful passage of all proposed resolutions.

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.