Sakthi Sugars 64th AGM Approves All Seven Resolutions

Meeting Details

Date: Friday, 25th September 2026
Time: 12:30 PM (IST)
Location: Conducted through Video Conferencing/Other Audio Visual Means
Type of Meeting: 64th Annual General Meeting

Proposed Resolutions and Implications

The AGM considered seven resolutions for shareholder approval:

1. Ordinary Resolution: Adoption of Audited Financial Statements for FY ended 31st March 2026 with Board and Auditor Reports

2. Ordinary Resolution: Re-appointment of Sri M. Srinivaasan (DIN:00102387) as Director retiring by rotation

3. Special Resolution: Re-appointment of Sri M. Balasubramaniam (DIN:00377053) as Managing Director for five years

4. Ordinary Resolution: Re-appointment of Sri M. Srinivaasan (DIN:00102387) as Joint Managing Director for five years

5. Ordinary Resolution: Appointment of Sri S Chandrasekhar (DIN:00011901) as Non-Executive Non-Independent Director

6. Ordinary Resolution: Ratification of remuneration payable to STR & Associates, Cost Accountants (Firm Registration No.000029) for FY 2026-27

7. Ordinary Resolution: Authorization to donate and contribute to charitable causes up to ₹20 lakhs or permissible limit under Section 181 of Companies Act, 2013 for FY 2027-28

Voting Process and Methods

The company provided two voting methods:

Remote E-voting: Available from Tuesday, 22nd September 2026 at 9:00 AM to Thursday, 24th September 2026 at 5:00 PM
E-voting at AGM: Available during the meeting for shareholders who hadn't voted remotely

Cut-off date for voting eligibility: 18th September 2026

Key Voting Outcomes

All seven resolutions were approved with overwhelming majority:

Resolution-wise Results:

Resolution 1 - Adoption of Financial Statements

Total Votes Cast: 7,15,15,514
In Favor: 7,14,96,663 shares (99.97%)
Against: 18,851 shares (0.03%)

Resolution 2 - Re-appointment of M. Srinivaasan (Director)

Total Votes Cast: 7,15,15,514
In Favor: 7,14,96,907 shares (99.97%)
Against: 18,607 shares (0.03%)

Resolution 3 - Re-appointment of M. Balasubramaniam (MD)

Total Votes Cast: 7,15,15,514
In Favor: 7,14,96,907 shares (99.97%)
Against: 18,607 shares (0.03%)

Resolution 4 - Re-appointment of M. Srinivaasan (JMD)

Total Votes Cast: 7,15,15,514
In Favor: 7,14,96,908 shares (99.97%)
Against: 18,606 shares (0.03%)

Resolution 5 - Appointment of S. Chandrasekhar

Total Votes Cast: 7,15,15,514
In Favor: 7,14,88,382 shares (99.96%)
Against: 27,132 shares (0.04%)

Resolution 6 - Ratification of Cost Auditor Remuneration

Total Votes Cast: 7,15,15,514
In Favor: 7,14,88,113 shares (99.96%)
Against: 27,401 shares (0.04%)

Resolution 7 - Authorization for Charitable Donations

Total Votes Cast: 7,15,15,514
In Favor: 7,14,55,782 shares (99.96%)
Against: 27,502 shares (0.04%)

Scrutinizer's Role and Findings

Mr. M D Selvaraj, Managing Partner of MDS & Associates LLP, Company Secretaries, Coimbatore, was appointed as Scrutinizer to conduct the voting process fairly and transparently.

Key Scrutinizer Activities:

Unblocked votes on 25th September 2026 at 1:26 PM in presence of two witnesses
Generated detailed reports from MUFG Intime India Private Limited's e-voting portal
Maintained registers in accordance with Companies (Management and Administration) Rules, 2014
Submitted Combined Report confirming all resolutions passed with requisite majority

Compliance Confirmation

The meeting was conducted in compliance with:

Section 108 of the Companies Act, 2013
Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended)
Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Relevant MCA Circulars permitting virtual AGMs

Additional Information

Notice of AGM dated 13th August 2026 was sent to members via email and published on company website
Proxy facility was not available due to virtual meeting format
Detailed voting breakdown by remote e-voting and e-voting at AGM is provided in the scrutinizer's report
Minor abstentions were recorded across various resolutions