Meeting Details

  • Date: Wednesday, September 30, 2026
  • Time: Commenced at 2:30 pm and concluded at 2:56 pm (IST)
  • Location: Conducted through Video Conference (VC)/Other Audio Visual Means (OAVM)
  • Type: Electronic Annual General Meeting (eAGM)

Compliance Framework

The meeting was held in compliance with:

  • MCA Circulars #14/2020 (April 08, 2020), #02/2021 (January 13, 2021), and #02/2022 (May 05, 2022)
  • SEBI Circulars: SEBI/HO/CFD/CMDI/CIR/P/2020/79 (May 12, 2020), SEBI/HO/CFD/CMD2/CIR/P/2021/11 (January 15, 2021), and SEBI/HO/DDHS/P/CIR/2022/0063 (May 13, 2022)
  • Companies Act, 2013 and rules made thereunder

Attendance

Directors Present:

  • Mr. Vinod Kumar Baid (Chairman & Director) - attended from Kolkata
  • Mr. Pradeep Chaturvedi (Independent Director)
  • Ms. Priyanka Rajora (Independent Director) - attended from Hyderabad

Other Attendees:

  • Mr. Sandeep Daga (Company Secretary & Compliance Officer) - attended from Kolkata
  • Mr. KVLN Bhaswanth (Executive Vice President) - attended from Hyderabad
  • Mr. Anit Surana (Chief Financial Officer) - attended from Hyderabad
  • Ms. Sweety Kapoor (Scrutinizer) - attended from Kolkata

Directors Absent:

  • Mr. Kurra Subba Rao (Executive Director)
  • Mr. Mahip Jain (Non-Executive Director)
  • Mr. Dilip Raj Singhvi (Independent Director/Chairman of Audit Committee)

Quorum: 44 members attended the meeting through video conference.

Proposed Resolutions

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026, together with Reports of Board of Directors and Auditors

2. Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026, together with Reports of Auditors

3. Appointment of Mr. Mahip Jain (DIN: 07130462) who retires by rotation and offers himself for re-appointment

Special Business:

4. Re-appointment of Shri Kurra Subba Rao (DIN: 02552019) as Executive Director for 5 years effective October 01, 2026 (Special Resolution)

Voting Process

  • Members could exercise voting rights through remote e-voting and e-voting at the AGM
  • Mrs. Sweety Kapoor, Company Secretary, was appointed as Scrutinizer to scrutinize votes cast
  • Consolidated Scrutinizer's report and voting results will be submitted to stock exchanges as per Regulation 4 of SEBI (LODR) Regulations, 2015
  • Results will be uploaded on company website (www.prudentialsugar.com) and stock exchange websites

Business Updates from Chairman

  • The company continues trading in sugar through procurement from sugar factories and distribution through dealer/wholesaler network
  • Strategic shift toward renewable energy with substantial investment in Helios Sustainable Energy Limited (solar power generation subsidiary)
  • Solar project located in Pali District, Rajasthan with completed land acquisition and ongoing construction
  • Company seeking additional investors to accelerate project development
  • Memorandum of Understanding signed with Senatla EV Products Private Limited and Senatla Innovative EV Components Private Limited to acquire 76% stake
  • Target companies manufacture electric two-wheelers, EV chargers, and develop Battery Management Systems and Solar Control Systems
  • Legal disputes at Senatla EV Products Private Limited have caused project delays
  • Company expressed confidence in resolving legal matters and establishing niche position in new ventures

Meeting Proceedings

  • Meeting commenced with welcome address by Mr. Sandeep Daga after confirming quorum
  • Chairman provided overview of operations and financial performance for FY 2025-26
  • No members spoke when invited for questions
  • Meeting concluded with vote of thanks by Mr. Sandeep Daga

Document Signatory

This disclosure is signed by the Company Secretary and Compliance Officer of Prudential Sugar Corporation Limited.