Vishwaraj Sugar Industries Limited held its 30th Annual General Meeting (AGM) on September 24, 2025, at the company's registered office in Bellad Bagewadi, Karnataka. The meeting saw strong shareholder participation, with 154,837 shareholders on record and 82 members present in person or by proxy.

Key Approvals

Shareholders approved all ten resolutions presented at the AGM, demonstrating their confidence in the company's leadership and strategic direction. The approved resolutions included:

1. Adoption of audited financial statements for the year ended March 31, 2025
2. Re-appointment of Nikhil Katti as Managing Director
3. Ratification of cost auditors' remuneration for 2025-26
4. Appointment of Vinita D. Modak as Secretarial Auditor for a five-year term (2025-30)
5. Appointment of Mallikarjun Kadayya Pujar as Whole-Time Director for three years from July 16, 2025
6. Re-appointment of Vishnukumar Kulkarni as Independent Director for a second five-year term from July 17, 2025
7. Re-appointment of Sneha Nithin Dev as Whole-Time Director for three years from October 15, 2025
8. Approval for Lava Katti to hold office of profit as Chief Operating Officer
9. Approval for Shruti Katti to hold office of profit as Chief Administrative Officer

Board Composition and Remuneration

The AGM saw several changes to the company's board and executive team. Notably, Mallikarjun Kadayya Pujar was appointed as a Whole-Time Director, strengthening the company's leadership. The re-appointments of Vishnukumar Kulkarni as Independent Director and Sneha Nithin Dev as Whole-Time Director ensure continuity in governance and operations.

Shareholders also approved the holding of office of profit by Lava Katti as Chief Operating Officer and Shruti Katti as Chief Administrative Officer, both at an initial remuneration of Rs. 45.50 lakh per annum, with a cap of Rs. 75.00 lakh per annum.

Shareholder Participation

The meeting saw active participation from shareholders, with a total voting participation of 27.95% of outstanding shares. The promoter group, holding 63.25 million shares, showed strong support for all resolutions. Public non-institutional shareholders, holding 143.05 million shares, also participated in the voting process.

Corporate Governance

In line with best practices in corporate governance, the company appointed Vinita D. Modak as Secretarial Auditor for a five-year term. This appointment is expected to enhance the company's compliance and reporting standards.

Vishwaraj Sugar Industries' Chairman and Managing Director, Nikhil Katti, presided over the meeting. The company ensured compliance with all applicable rules, regulations, and circulars issued by authorities, including providing remote e-voting facilities to shareholders.

The AGM's proceedings and the approval of all resolutions indicate strong shareholder support for Vishwaraj Sugar Industries' management and strategic direction. The company appears well-positioned to continue its growth trajectory in the sugar industry.

Vishwaraj Sugar Industries Limited , a prominent player in the sugar industry, has announced its financial results for the first quarter of fiscal year 2026 and made key management decisions. The company reported a net loss while seeing an increase in revenue, and has reappointed a key executive.

Financial Performance

For the quarter ended June 30, 2025, Vishwaraj Sugar Industries reported:

• Net loss of Rs 16.39 crore, compared to a loss of Rs 17.29 crore in the same period last year
• Revenue from operations increased to Rs 133.06 crore from Rs 101.25 crore year-on-year

The company's financial performance across its various segments for Q1 FY26 is as follows:

Management Changes and Corporate Decisions

The Board of Directors, in their meeting held on August 9, 2025, made several key decisions:

1. Reappointment of Whole-Time Director: Mrs. Sneha Nithin Dev has been re-appointed as Whole-Time Director for a further term of three years, effective from October 15, 2025. Her annual remuneration is set at Rs 30 lakhs.

2. Appointment of Secretarial Auditor: Mrs. Vinita D Modak, a Practicing Company Secretary, has been appointed as the Secretarial Auditor for a period of five consecutive years, from FY 2025-26 to FY 2029-30, subject to shareholder approval.

3. Annual General Meeting: The company has scheduled its 30th Annual General Meeting for September 24, 2025.

4. Book Closure: The Register of Members and Share Transfer Books will be closed from September 19, 2025, to September 24, 2025 (both days inclusive) for the purpose of the Annual General Meeting.

Company Overview

Vishwaraj Sugar Industries operates across multiple segments including sugar, co-generation, distillery, and vinegar units. The sugar segment remains the largest revenue contributor, generating Rs 80.41 crore for the quarter.

The company continues to navigate challenges in the sugar industry while diversifying its operations across various segments. The management's focus on corporate governance is evident from the timely appointments and disclosures made to the stock exchanges.