Riga Sugar Company Limited, a wholly-owned subsidiary of Nirani Sugars Limited, has issued a postal ballot notice to seek shareholder approval for a special resolution to shift its registered office from the State of West Bengal to the State of Karnataka.

Nature of the Event

The disclosure is a regulatory filing pursuant to Section 110 read with Section 108 of the Companies Act, 2013, Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Secretarial Standard – 2 (SS-2).

Key Resolution Details

The single special business item for shareholder approval is:

  • Shifting of the Registered Office from '14, Netaji Subhas Road, 2nd Floor, Kolkata - 700001, West Bengal' to 'Survey No. 166, Kulali Cross, Jamkhandi Mudhol Road, Bagalkot, Bagalkot, Karnataka, India - 587313'.
  • Consequent alteration of Clause II of the Memorandum of Association.

Voting Mechanics and Key Dates

  • Cut-off Date for determining shareholder eligibility: August 14, 2026.
  • Remote E-Voting Period: Starts at 9:00 AM (IST) on Monday, August 31, 2026, and ends at 5:00 PM (IST) on Tuesday, September 29, 2026.
  • Last date for receipt of physical Postal Ballot Forms: 5:00 PM (IST) on Tuesday, September 29, 2026.
  • Result Declaration: On or before Thursday, October 1, 2026.
  • Scrutinizer: Mr. Sandeep Singh, Practising Company Secretary (Membership No.: A69668; COP No.: 26099), has been appointed to scrutinize the process.
  • Registrar and Transfer Agent (RTA): MUFG Intime India Private Limited (formerly Link Intime India Private Limited) is facilitating the remote e-voting process through its InstaVote platform (https://instavote.linkintime.co.in).

Stated Rationale for the Shift

The Explanatory Statement provides the following reasons for the proposed shift:

1. The company was acquired by Nirani Sugars Limited as a going concern under the Insolvency and Bankruptcy Code, 2016, resulting in a change in control and management.

2. Management, administrative, and operational control is now exercised from Karnataka, where the promoter group and its principal offices are located.

3. The shift aims to achieve greater administrative convenience, ease of operations, effective control and supervision, closer coordination with the promoter group, and economy in cost.

Financial and Operational Impact

  • The proposed shifting will not result in any change in the business operations of the Company.
  • It will not affect the location of its manufacturing facility at Riga, District Sitamarhi, Bihar.
  • The interests of employees, creditors, or other stakeholders will not be adversely affected.
  • No employee will be retrenched as a consequence of the proposed shift.

Regulatory Approvals Required

The resolution, if passed by shareholders, is subject to the confirmation/approval of the Central Government (powers delegated to the Regional Director) under Section 13(4) of the Companies Act, 2013, read with Rule 30 of the Companies (Incorporation) Rules, 2014.

Director and KMP Interest

None of the Directors or Key Managerial Personnel of the Company, or their relatives, is concerned or interested, financially or otherwise, in the resolution, except to the extent of their shareholding, if any.

Additional Information

  • The notice and voting information are available on the company's website: www.rigasugar.com.
  • All related documents are available for inspection by members at the Corporate Office between 11:00 A.M. and 1:00 P.M. on all working days until the last date for receipt of ballot forms.