Rajshree Sugars Appoints Banking Veteran Rajan Balasubramanian as Independent Director

Rajshree Sugars & Chemicals Limited , a prominent player in the sugar industry, has announced significant changes to its board and management structure following its 39th Annual General Meeting (AGM) held on August 13, 2025.

New Independent Director Appointment

The company has appointed Mr. Rajan Balasubramanian as an Independent Director for a five-year term. Mr. Balasubramanian, a seasoned banking professional with over 36 years of experience at the State Bank of India (SBI), brings extensive expertise in corporate credit, trade finance, and stressed asset management to the board.

Key Highlights of the Appointment

• Term: Mr. Balasubramanian's tenure will commence from the conclusion of the 39th AGM and end at the 44th AGM or upon completion of five years, whichever is earlier.
• Expertise: His core areas of expertise include Corporate Credit, Trade Finance & Forex, SME and Retail Credit, Agricultural Credit, and Stressed Asset Management.
• International Experience: Mr. Balasubramanian has valuable international banking experience, having served as Vice President (Credit, Syndication & Trade Finance) at SBI's Paris Branch for four years.
• Current Roles: He currently serves as a Director and Government of India-nominated Shareholder at the Industrial Investment Bank of India (IIBI) since July 2023.

Other Board Changes

• Reappointment: Ms. Rajshree Pathy has been reappointed as a Non-Executive Non-Independent Director.
• Succession: Mr. Balasubramanian succeeds Mr. S. Krishnaswami, whose tenure as Independent Director concludes on September 29, 2025.

Additional Appointments

• Secretarial Auditor: Mr. G. Soundarrajan has been appointed as the Secretarial Auditor for a fixed term of five financial years from FY 2025-26 to FY 2029-30.

AGM Highlights

The 39th AGM, conducted through video conferencing, saw the passage of all proposed resolutions, including:

1. Adoption of audited financial statements for the year ended March 31, 2025
2. Reappointment of Ms. Rajshree Pathy as Director
3. Appointment of Mr. Rajan Balasubramanian as Independent Director
4. Appointment of Secretarial Auditor
5. Ratification of remuneration for Cost Auditors

The meeting, which commenced at 3:30 PM, concluded at 4:02 PM, with the Chairperson, Ms. Rajshree Pathy, addressing the members on the Indian economy, sugar industry, and the company's operational and financial performance for the fiscal year 2025.

These strategic appointments and reappointments reflect Rajshree Sugars & Chemicals Limited's commitment to strengthening its governance structure and leveraging diverse expertise to drive future growth and stability.