Rana Sugars Limited , a prominent player in the sugar industry, has announced a significant change in its board composition. Mr. Harneet Singh Oberoi, who served as an Independent Director, has tendered his resignation effective November 15, 2025. The company disclosed this information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reasons for Resignation

Mr. Oberoi cited increasing preoccupation with his legal profession and practice as the primary reason for his departure. In his resignation letter, he expressed that the growing demands of his legal career were making it challenging for him to fulfill his duties and responsibilities as an Independent Director effectively.

Key Details of the Resignation

Impact on Board Composition

The resignation of Mr. Oberoi will affect the board's composition. As an Independent Director, his role was crucial in providing unbiased perspectives and ensuring corporate governance standards. Rana Sugars Limited will need to address this vacancy to maintain the required balance of executive and non-executive directors on its board.

Company's Response

Madhur Bain Singh, the Company Secretary of Rana Sugars Limited, officially communicated the resignation to the stock exchanges. The company has complied with the necessary regulatory requirements by providing detailed information as mandated under Schedule III of the SEBI (LODR) Regulations, 2015.

Looking Ahead

While Mr. Oberoi's departure marks a change in the company's leadership structure, it also opens up an opportunity for Rana Sugars Limited to bring in fresh perspectives to its board. The company has not yet announced any plans for appointing a replacement, but stakeholders will be watching for updates on this front.

As Rana Sugars Limited navigates this transition, the focus will likely remain on maintaining strong corporate governance practices and ensuring that the board continues to provide effective oversight and guidance to the company's operations.

Rana Sugars Limited , a prominent player in the sugar industry, has announced a significant addition to its senior management team. The company has appointed Mr. Sanjay Kumar Goyal as Senior Vice President, effective November 7, 2025. This strategic move, approved by the Board of Directors on November 6, 2025, follows the recommendation of the Nomination and Remuneration Committee.

Key Appointment Details

Professional Background

Mr. Goyal brings a wealth of experience to his new role at Rana Sugars Limited. His impressive credentials include:

• Qualification: Chartered Accountant
• Experience: Approximately 30 years in the Corporate Sector
• Expertise Areas:
  • Accounting
  • Budgeting
  • Management Information Systems (MIS)
  • SAP Implementation
  • Strategic Planning
  • Finance
  • Auditing
  • Project Implementation

Significance of the Appointment

The appointment of Mr. Goyal as Senior Vice President is a testament to Rana Sugars Limited's commitment to strengthening its leadership team. His extensive experience across various financial and operational domains is expected to contribute significantly to the company's strategic initiatives and overall growth.

Regulatory Compliance

In line with regulatory requirements, Rana Sugars Limited has duly informed the stock exchanges about this appointment. The disclosure was made pursuant to Regulation 30 read with Para A (7) of Part A of Schedule III of SEBI (Listing Obligation Disclosures Requirements) Regulations, 2015.

This appointment marks an important step for Rana Sugars Limited as it continues to evolve and strengthen its management structure. Mr. Goyal's diverse skill set and extensive experience in the corporate sector are likely to bring fresh perspectives and strategic insights to the company's operations.