Meeting Details

The 53rd Annual General Meeting (AGM) of K M Sugar Mills Limited was held on Tuesday, July 28, 2026, at 11:30 AM (IST) through Video Conferencing/Other Audio-Visual Means and concluded at 12:00 PM. The meeting was conducted in compliance with MCA and SEBI circulars.

Attendance

Shri Aditya Jhunjhunwala, Managing Director, chaired the meeting. Other attendees included:

  • Shri S.C. Agarwal, CEO-cum-Executive Director
  • Shri Bibhas Kumar Srivastava, Independent Director
  • Shri Sushil Solomon, Independent Director
  • Shri Bakshiram Yadav, Independent Director
  • Smt. Naina Devi Jhunjhunwala, Director
  • Shri Sanjay Jhunjhunwala, Joint Managing Director
  • Shri A.K. Gupta, Chief Financial Officer
  • Ms. Ritika Tandon, Company Secretary and Compliance Officer
  • Mr. Amit Gupta, PCS (Scrutinizer)

Meeting Proceedings

The Chairman confirmed quorum was present and welcomed members. The Notice of the 53rd AGM, financial statements, and Board's report were taken as read. The Chairman noted that the Auditor's report and Secretarial Audit report for FY2026 ended March 31, 2026 contained no qualifications or adverse observations.

Remote e-voting was available from July 25, 2026, to July 27, 2026. Physical attendance was not permitted except for authorized representatives of corporate shareholders.

Voting Results

All 11 resolutions were approved with requisite majority. The scrutinizer's report was prepared by Amit Gupta of M/s. Amit Gupta & Associates, Practicing Company Secretaries.

Resolution Details:

Item 1: Adoption of audited standalone and consolidated financial statements for FY2026 ended March 31, 2026 (Ordinary Resolution)

  • Total votes polled: 59,995,604 (65.2125% of outstanding shares)
  • Votes in favor: 59,995,269 (99.9994% of votes polled)
  • Votes against: 335 (0.0006% of votes polled)

Item 2: Re-appointment of Shri Sanjay Jhunjhunwala (DIN: 01777954) as director retiring by rotation (Ordinary Resolution)

  • Total votes polled: 59,995,604 (65.2125% of outstanding shares)
  • Votes in favor: 59,995,169 (99.9993% of votes polled)
  • Votes against: 435 (0.0007% of votes polled)

Item 3: Re-appointment of Shri S.C. Aggarwala (DIN: 02461954) as director retiring by rotation (Ordinary Resolution)

  • Total votes polled: 59,995,604 (65.2125% of outstanding shares)
  • Votes in favor: 59,995,169 (99.9993% of votes polled)
  • Votes against: 435 (0.0007% of votes polled)

Item 4: Appointment of Smt. Naina Devi Jhunjhunwala (DIN: 01837824) as Director (Special Resolution)

  • Total votes polled: 59,995,604 (65.2125% of outstanding shares)
  • Votes in favor: 59,995,269 (99.9994% of votes polled)
  • Votes against: 335 (0.0006% of votes polled)

Item 5: Appointment of Smt. Naina Devi Jhunjhunwala as Whole-Time Director for 3 years from August 1, 2026 (Special Resolution)

  • Total votes polled: 59,995,604 (65.2125% of outstanding shares)
  • Votes in favor: 59,995,269 (99.9994% of votes polled)
  • Votes against: 335 (0.0006% of votes polled)

Item 6: Re-appointment of Shri Aditya Jhunjhunwala (DIN: 01686189) as Managing Director for 3 years from April 1, 2027 (Special Resolution)

  • Total votes polled: 59,995,604 (65.2125% of outstanding shares)
  • Votes in favor: 59,891,766 (99.8269% of votes polled)
  • Votes against: 103,838 (0.1731% of votes polled)

Item 7: Re-appointment of Shri Sanjay Jhunjhunwala (DIN: 01777954) as Joint Managing Director for 3 years from April 1, 2027 (Special Resolution)

  • Total votes polled: 59,995,604 (65.2125% of outstanding shares)
  • Votes in favor: 59,995,169 (99.9993% of votes polled)
  • Votes against: 435 (0.0007% of votes polled)

Item 8: Re-appointment of Shri Subhash Chandra Aggarwala (DIN: 02461954) as Executive Director cum CEO for 3 years from April 1, 2027 (Special Resolution)

  • Total votes polled: 59,995,604 (65.2125% of outstanding shares)
  • Votes in favor: 59,995,169 (99.9993% of votes polled)
  • Votes against: 435 (0.0007% of votes polled)

Item 9: Ratification of remuneration to M/s. Aman Malviya & Associates, Cost Accountants, for FY2027 (Ordinary Resolution)

  • Total votes polled: 52,885,604 (57.4842% of outstanding shares)
  • Votes in favor: 52,885,269 (99.9994% of votes polled)
  • Votes against: 335 (0.0006% of votes polled)

Item 10: Approval of changes in terms and remuneration of Shri Vatsal Jhunjhunwala, Vice President (related party) for 3 years from April 1, 2026 (Ordinary Resolution)

  • Total votes polled: 54,194,848 (58.9073% of outstanding shares)
  • Votes in favor: 54,091,110 (99.8086% of votes polled)
  • Votes against: 103,738 (0.1914% of votes polled)

Item 11: Approval for continuation of Mr. Sushil Solomon as Non-Executive Independent Director post attaining 75 years on December 21, 2026, until August 5, 2029 (Special Resolution)

  • Total votes polled: 59,995,604 (65.2125% of outstanding shares)
  • Votes in favor: 59,995,169 (99.9993% of votes polled)
  • Votes against: 435 (0.0007% of votes polled)

Scrutinizer's Report

Mr. Amit Gupta of M/s. Amit Gupta & Associates was appointed as scrutinizer. Remote e-voting was conducted through MUFG Intime India Private Limited from July 25-27, 2026. The cut-off date for voting rights was July 21, 2026. 76 members joined the meeting, with 1 member voting through VC platform and 48 members voting through remote e-voting.