Simbhaoli Sugars Limited , currently undergoing Corporate Insolvency Resolution Process (CIRP), has announced a significant change in its key managerial personnel. The company, under the management of Interim Resolution Professional (IRP) Anurag Goel, has appointed Ms. Jagriti Sharma as its new Company Secretary and Compliance Officer.

Key Appointment Details

Corporate Governance Context

The appointment comes at a crucial time for Simbhaoli Sugars Limited:

• The company is currently under Corporate Insolvency Resolution Process (CIRP).
• The National Company Law Tribunal (NCLT), Allahabad Bench, issued an order on July 11, 2024, initiating the CIRP.
• Following this order, the powers of the Board of Directors have been suspended.
• Anurag Goel, as the Interim Resolution Professional, is now managing the company's affairs, business, and assets.

Professional Background of Ms. Jagriti Sharma

Ms. Sharma brings a wealth of experience to her new role:

• Fellow Member of the Institute of Company Secretaries of India
• Law graduate
• 10 years of experience in Corporate Secretarial Laws, Governance, and Legal Matters
• Expertise in managing corporate affairs, including Insolvency and Bankruptcy Code (IBC) and other corporate laws
• Diverse experience across sectors including Highway, Power, and Petroleum

Regulatory Compliance

This appointment aligns with several regulatory requirements:

• Sections 17, 18, and 20 of the Insolvency Bankruptcy Code
• Regulation 6 and Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

The appointment of Ms. Sharma as a key managerial personnel is a significant step for Simbhaoli Sugars Limited as it navigates through the insolvency process. Her extensive experience in corporate governance and legal matters could prove valuable in managing the company's compliance obligations during this critical period.

Simbhaoli Sugars Limited , currently undergoing Corporate Insolvency Resolution Process (CIRP), has announced the departure of its Company Secretary and Compliance Officer, Anil Sharma. This development comes as the sugar manufacturer navigates through a critical phase under the supervision of an Interim Resolution Professional.

Key Details of the Departure

• Name: Anil Sharma
• Position: Company Secretary & Compliance Officer
• Membership No.: A13430
• Effective Date of Cessation: October 31, 2025 (after working hours)

Corporate Insolvency Resolution Process (CIRP) Context

The company is currently under CIRP following an order by the National Company Law Tribunal (NCLT), Allahabad Bench, dated July 11, 2024. As a result:

• Anurag Goel serves as the Interim Resolution Professional (IRP)
• The powers of the Board of Directors are suspended
• The IRP is vested with the management of the company's affairs, business, and assets

Reasons and Next Steps

According to the company's communication:

• The decision for Sharma's departure was based on a performance review following the completion of his probation period on September 17, 2025
• The company has initiated the process of shortlisting potential candidates for the role
• The new appointment will be finalized within the timelines prescribed by SEBI regulations

Regulatory Compliance

This announcement aligns with:

• Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

The company has committed to making the required disclosures upon the appointment of a new Company Secretary and Compliance Officer.

As Simbhaoli Sugars navigates through its insolvency proceedings, this change in key managerial personnel underscores the ongoing challenges and restructuring efforts within the organization.