K M Sugar Mills Limited submitted a regulatory disclosure pursuant to Regulation 30 read with Schedule III of SEBI Listing Regulations regarding resolutions approved by shareholders at the 53rd Annual General Meeting held on July 28, 2026.

Key Appointments and Approvals:

1. Regularization and Appointment of Smt. Naina Devi Jhunjhunwala (DIN 01837824)

  • Regularized as a Director of the Company
  • Appointed as Whole-Time Director for a period of 3 years commencing from August 1, 2026
  • Originally appointed by the Board in meeting held on May 18, 2026
  • Holds a Bachelor's degree in Arts from Kolkata
  • Brings over 35 years of extensive business experience
  • Has served as Director in various organizations
  • Recognized as a philanthropist and successful entrepreneur
  • Relationship: Mother of Mr. Aditya Jhunjhunwala (Managing Director) and Mr. Sanjay Jhunjhunwala (Whole-time Director)
  • Not debarred from holding office of Director by virtue of any SEBI order or other authority

2. Re-appointment of Mr. Aditya Jhunjhunwala (DIN: 01686189)

  • Re-appointed as Managing Director effective April 1, 2027 for a further period of three years
  • Originally considered by the Board on recommendation of NRC in meeting held on May 18, 2026
  • Has about 35 years of business experience mainly in Sugar and Power
  • Looks after the overall operations of the Company
  • Previously served as president of Indian Sugar Mills Association
  • Relationship: Son of Smt. Naina Devi Jhunjhunwala (Chairman) and brother of Shri Sanjay Jhunjhunwala (Jt. Managing Director)
  • Not debarred from holding office of Director

3. Re-appointment of Mr. Sanjay Jhunjhunwala (DIN: 01777954)

  • Re-appointed as Joint Managing Director effective April 1, 2027 for a further period of three years
  • Originally considered by the Board on recommendation of NRC in meeting held on May 18, 2026
  • Responsible for the overall operations of the Distillery Unit of the Company
  • Has more than 27 years of experience in the sugar industry
  • Has implemented modern management techniques that proved immensely beneficial to the Company
  • Relationship: Son of Smt. Naina Devi Jhunjhunwala (Director) and brother of Shri Aditya Jhunjhunwala (Managing Director)
  • Not debarred from holding office of Director

4. Re-appointment of Mr. S. C. Agarwal (DIN: 02461954)

  • Re-appointed as Executive Director cum CEO effective April 1, 2027 for a further period of three years
  • Originally considered by the Board on recommendation of NRC in meeting held on May 18, 2026
  • Science Graduate and Sugar Technologist from National Sugar Institute, Kanpur (NSI)
  • Started career from production lines and worked for many renowned organizations
  • Joined Piccadily Agro Industries as General Manager in 1997
  • Executive Director since 2001 at KM Sugar
  • Key person who implements management policies and decisions
  • Sets targets for outputs and achievement
  • Involved in planning and coordination of various departments
  • Not related to any Director/Key Managerial Personnel
  • Not debarred from holding office of Director

5. Changes in Terms for Mr. Vatsal Jhunjhunwala

  • Changes in terms and conditions of appointment and remuneration
  • Holding office/place of profit as Vice President
  • Monthly remuneration not exceeding ₹10,00,000
  • Son of the Managing Director of the Company (Shri Aditya Jhunjhunwala)
  • Related party under provisions of Section 2(76) of Companies Act, 2013
  • Approved under clause (f) of sub-section (1) of section 188 of Companies Act, 2013 read with Companies Rule 15(3)(b) of (Meetings of Board and its Powers) Rules, 2014

6. Continuation of Mr. Sushil Solomon (DIN: 08553009)

  • Continuation as Non-Executive Independent Director
  • Will attain age of 75 years on December 21, 2026
  • To continue as Non-Executive Independent Director for remaining term of office up to August 5, 2029
  • Originally re-appointed by shareholder on August 3, 2024 on recommendation by Board on May 21, 2024
  • Has devoted over 37 years to advancing scientific research, teaching, and guiding sugarcane and sugar industry
  • Honored with numerous international awards including Friendship Award, Jin Xiu Qui Award, and IAPSIT Global Award of Excellence
  • Received national recognitions including Indira Gandhi Purushkar, Dr. Rajendra Prasad Award, and Rajiv Gandhi Rashtriya Gyan Vigyan Puraskar
  • Fellow of leading professional associations
  • Held positions including President of Society for Sugar Research and Promotion and Editor in Chief of Sugar Tech Journal
  • Not related to any Director/Key Managerial Personnel

Additional Information:

  • All disclosures uploaded on company website: https://www.kmsugar.com
  • Disclosure made pursuant to SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
  • Compliance with BSE Circular no. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24 dated June 20, 2018