Meeting Details

The 40th Annual General Meeting will be held on Thursday, 23rd July 2026 at 11:00 AM through Video Conferencing/Other Audio-Visual Means. The registered office at 1GV, 360, Kamaraj Road, Uppilipalayam, Coimbatore – 641015, Tamil Nadu shall be deemed the venue.

Ordinary Business Agenda

1. Adoption of Financial Statements

Consideration and approval of audited financial statements for FY ended 31st March 2026, including Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, Statement of Changes in Equity, together with Board's Report and Auditors' Report.

2. Reappointment of Director Retiring by Rotation

Reappointment of Mr. R. Varadarajan (DIN: 00001738) as Director liable to retire by rotation. He currently serves as Wholetime Director and has been with the company since 2003.

3. Appointment of Statutory Auditors

Appointment of M/s. Karthikeyan & Jayaram, Chartered Accountants (Firm Registration No. 007570S) as statutory auditors for five financial years from 2026-27 to 2030-31, replacing M/s. S. Krishnamoorthy & Co. who complete their second term.

  • Proposed audit fee: ₹9.00 lakhs per financial year (same as previous auditors)
  • Board authorized to fix/revise statutory audit fee based on Audit Committee recommendation
  • Audit Committee authorized to approve fees for other permitted services

Special Business Agenda

4. Reappointment as Wholetime Director

Reappointment of Mr. R. Varadarajan as Wholetime Director for five years from 5th June 2026 with following remuneration:

  • Salary: ₹10,00,000 per month (consolidated)
  • Variable pay: 10% of monthly salary (annualized)
  • Encashment of earned leave at year-end
  • LTA: ₹5,00,000 per annum
  • Gratuity at half month's salary per completed year of service
  • Company mobile phone and telephone at residence
  • Company car with driver for official purposes

This constitutes minimum remuneration payable even in case of loss or inadequacy of profits. The company reported a net loss of ₹10,273.04 lakhs on turnover of ₹54,467.74 lakhs for FY 2025-26.

5. Ratification of Cost Auditor Remuneration

Ratification of remuneration payable to M/s. S. Mahadevan & Co., Cost Accountants (Firm Registration No. 000007) for FY ending 31st March 2027:

  • Total remuneration: ₹2,50,000 (exclusive of taxes)
  • Breakdown: Sugar (₹1,25,000), Cogeneration of power (₹81,000), Industrial alcohol (₹44,000)
  • Represents increase from previous year's ₹2,00,000

Additional Meeting Information

Record Date and Voting

  • Register of Members closed from 17th July 2026 to 23rd July 2026
  • Remote e-voting period: 20th July 2026 (9:00 AM) to 22nd July 2026 (5:00 PM)
  • Cut-off date for voting eligibility: 16th July 2026
  • NSDL appointed as e-voting service provider
  • Mr. B. Krishnamoorthi, FCA appointed as Scrutinizer

Dividend Information

  • No dividend pending transfer to IEPF except unpaid dividend of ₹39,729 for FY 2009-10
  • Unpaid dividend kept pending due to Court orders

Shareholding Information

  • Physical share transfers not permitted after 1st April 2019 unless dematerialized
  • Company maintains Suspense Escrow Demat Account for unresolved physical shares
  • Updated KYC and nomination details required for receiving corporate benefits

Governance Information

  • Company registered on SMART ODR Portal for investor grievance resolution
  • Members can submit questions about Annual Report by 13th July 2026
  • Members wishing to speak at AGM must register by 17th July 2026

Director Background Information

Mr. R. Varadarajan (Date of Birth: 22nd April 1958) holds Master's degrees in Business Management and English Literature. He has been with the company since inception and played key role in diversification from sugar to alcohol, power generation, and bio-products. He serves as President of South Indian Sugar Mills Association and Executive Committee Member of Indian Sugar & Bio-energy Manufacturers Association.

He received "Excellent" rating in performance evaluation and attended all five Board meetings in FY 2025-26. He holds no shares in the company and is not related to any other Director or KMP.

Financial Impact

  • Director remuneration constitutes committed cash outflow
  • Auditor appointments involve fixed fee commitments
  • No material financial impact disclosed for other agenda items