Change in Director / Key Managerial Personnel

Reappointments Approved:

  • Dr. Raman Ramchandran (DIN: 00200297) reappointed as Director liable to retire by rotation
  • Mr. Suhas Godage (DIN: 09227610) reappointed as Director liable to retire by rotation
  • Mr. Samir S. Somaiya reappointed as Managing Director with remuneration approval, effective April 1, 2027 for three consecutive years
  • Mr. Suhas Godage reappointed as Whole-Time Director designated as Executive Director (Works-Sakarwadi) with remuneration approval, effective April 1, 2027 for three consecutive years

New Appointments Approved:

  • Mr. Dinesh Sharma (DIN: 11675064) appointed as Director of the Company
  • Mr. Dinesh Sharma appointed as Whole-Time Director designated as Executive Director (Works-Sameerwadi) with remuneration approval, effective September 28, 2026 for three consecutive years

Director Profiles and Qualifications:

  • Dr. Raman Ramchandran: PhD from University of Adelaide, South Australia; pursued research interests with International Organizations in Kenya, Philippines and at University of Wisconsin, Madison, USA
  • Mr. Suhas Godage: Bachelor's degree of science from University of Pune; Master's degree of business administration from Yashwantrao Chavan Maharashtra Open University; Post graduate diploma programme in industrial fermentation & alcohol technology from Vasantdada Sugar Institute
  • Mr. Samir S. Somaiya: Bachelor's degree in Science; Master's degrees in Chemical Engineering and Business Administration from Cornell University; Master's in Public Administration from Harvard University
  • Mr. Dinesh Sharma: Master's degree in Sugar Technology (M.Sc. – Sugar Technology) from University of Mysore

Relationship Disclosures:

All appointed directors declared not related to any other Director of the Company

Approval Details:

All appointments and reappointments were approved by shareholders at the 71st Annual General Meeting held on Monday, September 28, 2026

Regulatory Compliance:

Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Para A of Part A of Schedule III thereto

Complies with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015