AGM Details

The 30th Annual General Meeting will be held on Tuesday, 22nd September 2026 at 11:00 a.m. (IST) through Video Conferencing. The cut-off date for determining shareholder eligibility to vote is Tuesday, 15th September 2026. Remote e-voting period commences from Saturday, 19th September 2026 (9:00 a.m. IST) and ends on Monday, 21st September 2026 (5:00 p.m. IST).

Ordinary Business Items

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. Appointment of Mr. Kuok Khoon Hong (DIN: 00021957) who retires by rotation and offers himself for re-appointment

Special Business Items

Item 4: Re-appointment of Mr. Ravi Gupta as Executive Director

  • Special Resolution for re-appointment for 5 years with effect from 28th October 2026
  • Annual remuneration increased from ₹23.43M to ₹25.07M effective 1st April 2026
  • Annual bonus of ₹9.76M for performance during FY 2025-26 (compared to ₹13.14M previous year)
  • Maximum remuneration ceiling of ₹34.83M per annum
  • Salary components include: Basic (₹105.3M), HRA (₹52.65M), Special Allowance (₹52.03M), LTA (₹8.77M), Additional HRA (₹4.24M), Ex-Gratia (₹8.77M)

Item 5 & 6: Appointment of Mr. Vipin Kumar Rathi as Whole-Time Director

  • Appointed as Additional Director effective 5th August 2026
  • Special Resolution for appointment as Whole-Time Director for 5 years from 5th August 2026
  • Monthly remuneration: Basic (₹300,556), HRA (₹150,278), Special Allowance (₹296,706), LTA (₹25,036), Additional HRA (₹34,992)
  • Total monthly cost to company: ₹939,236
  • Annual cost to company: ₹11.27M plus bonus of ₹2.66M for FY 2025-26

Item 7: Appointment of Mr. Kwek Ju-Yang as Non-Executive Director

  • Ordinary Resolution for appointment as Non-Executive (Non-Independent) Director effective 22nd September 2026
  • No remuneration or sitting fees payable

Item 8: Bonus Payment to Mr. Vijendra Singh

  • Special Resolution for annual bonus payment of ₹17.53M for performance as Executive Director & Dy. CEO during FY 2025-26
  • Mr. Singh resigned effective 31st August 2026
  • Remuneration approved in 29th AGM was ₹43.33M effective 1st April 2025

Item 9: Bonus Payment to Mr. Atul Chaturvedi

  • Special Resolution for annual bonus payment of ₹14.78M for performance as Executive Chairman during FY 2025-26
  • Stepped down as Executive Director and Chairman effective 1st April 2026, now Non-Executive Director

Item 10: Material Modification of Related Party Transaction with Wilmar Sugar India

  • Ordinary Resolution for modification of pricing mechanism for management services
  • Original pricing: ₹100 per metric tonne of sugar purchased by WSIPL
  • Revised pricing: Lumpsum annual fee based on time and effort spent
  • Transaction value: ₹1M for FY 2025-26
  • WSIPL is subsidiary of Wilmar Sugar Pte. Ltd., both being subsidiaries of Wilmar Sugar and Energy Pte. Ltd.

Item 11: New Related Party Transaction with Wilmar Sugar India

  • Ordinary Resolution for management services transaction for FY 2026-27
  • Lumpsum annual fee of ₹10M based on time and effort spent
  • Nature of services: accounting supervision, audit coordination, taxation support, secretarial compliance

Item 12: Ratification of Cost Auditor Remuneration

  • Ordinary Resolution for payment of ₹650,000 plus applicable tax and out-of-pocket expenses to M/s. B. M. Sharma & Co.
  • For cost audit for financial year ending 31st March 2027

Financial Performance Context

  • FY 2026: Total Revenue ₹86,756M, Loss before tax (₹7,802M), Net Loss (₹6,989M)
  • FY 2025: Total Revenue ₹102,794M, Loss before tax (₹3,036M), Net Loss (₹2,558M)
  • Reasons for losses: Lower EBITDA from refinery business headwinds, elevated sugarcane procurement prices, stagnation in sugar/ethanol prices, foreign exchange losses from rupee weakening

Voting Arrangements

  • E-voting through KFin Technologies Limited
  • Scrutinizer: CS Gaurav Kulkarni of SKGK Associates LLP
  • Results to be declared post-AGM and filed with stock exchanges

Document Distribution

  • Notice sent via email to shareholders with registered email addresses as on 21st August 2026
  • Physical copies available on request
  • Documents available on company website: www.renukasugars.com