Meeting Details

  • Date: Tuesday, 22nd September 2026
  • Time: 11:00 a.m. (IST)
  • Location: Conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Deemed Venue: Registered Office at 2nd / 3rd Floor, Kanakshree Arcade, CTS No. 10634, JNMC Road, Nehru Nagar, Belagavi-590 010, Karnataka, India
  • Meeting Type: 30th Annual General Meeting

Proposed Resolutions and Implications

Ordinary Business

1. Adoption of Audited Standalone Financial Statements for FY ended 31st March 2026 with reports of Board of Directors and Auditors

2. Adoption of Audited Consolidated Financial Statements for FY ended 31st March 2026 with Auditors' Report

3. Re-appointment of Mr. Kuok Khoon Hong (DIN: 00021957) as Director retiring by rotation (Special Resolution required due to age 77 years)

Special Business

4. Re-appointment of Mr. Ravi Gupta (DIN: 00133106) as Executive Director for 5 years from 28th October 2026 and payment of revised remuneration of ₹25.07 million per annum plus bonus of ₹9.76 million for FY 2025-26 (Special Resolution)

5. Appointment of Mr. Vipin Kumar Rathi (DIN: 11859795) as Director (Ordinary Resolution)

6. Appointment of Mr. Vipin Kumar Rathi as Whole-Time Director for 5 years from 5th August 2026 with remuneration of ₹11.27 million per annum plus bonus of ₹2.66 million for FY 2025-26 (Special Resolution)

7. Appointment of Mr. Kwek Ju-Yang, Mark (DIN: 08477541) as Non-Executive (Non-Independent) Director (Ordinary Resolution)

8. Payment of annual bonus of ₹17.53 million to Mr. Vijendra Singh for performance during FY 2025-26 (Special Resolution)

9. Payment of annual bonus of ₹14.78 million to Mr. Atul Chaturvedi for performance as Executive Chairman during FY 2025-26 (Special Resolution)

10. Material modification of pricing mechanism for related party transaction with Wilmar Sugar India Private Limited from per metric tonne to lump sum annual fee of ₹1 million for FY 2025-26 (Ordinary Resolution)

11. Approval for material related party transaction with Wilmar Sugar India Private Limited for management services worth ₹10 million for FY 2026-27 (Ordinary Resolution)

12. Ratification of remuneration of ₹650,000 plus applicable taxes to Cost Auditors M/s. B. M. Sharma & Co. for FY 2026-27 (Ordinary Resolution)

Voting Process and Methods

  • E-voting Period: Commences Saturday, 19th September 2026 (9:00 a.m. IST) to Monday, 21st September 2026 (5:00 p.m. IST)
  • Cut-off Date: Tuesday, 15th September 2026
  • Voting Methods: Remote e-voting facility provided by KFin Technologies Limited, with additional e-voting during AGM through 'Insta-poll' feature
  • VC Participation: Shareholders can join meeting through https://emeetings.kfintech.com using e-voting credentials
  • Scrutinizer: CS Gaurav Kulkarni of SKGK Associates LLP appointed to monitor e-voting process

Key Voting Outcomes

  • The document does not contain actual voting results as this is the notice convening the meeting
  • Results will be declared post-AGM and placed on company website www.renukasugars.com
  • Scrutinizer will submit report within 2 working days of AGM conclusion

Scrutinizer's Role and Findings

  • The Scrutinizer will count votes cast during AGM and unblock remote e-voting votes
  • Will prepare consolidated report of total votes cast for/against each resolution
  • Report will be submitted to Chairman within 2 working days of AGM conclusion
  • The Scrutinizer's findings are not available as voting has not yet occurred

Compliance with Laws and Regulations

The notice confirms compliance with:

  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Secretarial Standard-2 on General Meetings
  • MCA Circulars No. 14/2020, 17/2020, and 03/2025 regarding virtual meetings
  • SEBI Circular No. SEBI/HO/CFD/CMD/CIR/P/2020/242 dated 9th December 2020

Additional Financial Information

  • The company reported losses for FY 2025-26: Total Revenue ₹86,756 million, Loss before tax ₹(7,802) million, Net Loss ₹(6,989) million
  • Losses attributed to lower EBITDA in refinery business, elevated sugarcane procurement prices, stagnation in sugar/ethanol prices, and foreign exchange losses
  • Company implementing cost reduction initiatives and operational efficiency improvements

Related Party Transaction Details

  • Wilmar Sugar India Private Limited is subsidiary of Wilmar Sugar Pte. Ltd., both being subsidiaries of Wilmar Sugar and Energy Pte. Ltd., Singapore
  • Transaction value for FY 2025-26 modification: ₹1 million
  • Transaction value for FY 2026-27 approval: ₹10 million
  • Transactions deemed to be on arm's length basis as certified by management and approved by Audit Committee