Event Details
The 31st Annual General Meeting of Uttam Sugar Mills Limited was held on Friday, 18th September 2026 at 12:00 noon through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting was conducted in compliance with guidelines from the Ministry of Corporate Affairs and SEBI regulations.
Meeting Proceedings
Mr. Rajesh Garg, Company Secretary & Compliance Officer, welcomed members and explained the VC/OAVM format. All directors, senior management personnel, and representatives of the Scrutinizer and Statutory Auditors introduced themselves and their locations.
Remote e-voting was conducted through NSDL Platform for three days from Tuesday, 15th September 2026 (9:00 a.m.) to Thursday, 17th September 2026 (5:00 p.m.) pursuant to Regulation 44 of SEBI (LODR) Regulations, 2015 and Section 108 of Companies Act, 2013.
Mr. Raj Kumar Adlakha, Managing Director, chaired the meeting and addressed members with highlights including:
- Company's financial performance and improvement in profitability
- Reduction in debt and finance cost
- Dividend declaration
- Cane development initiatives and crop protection measures
- Efforts to increase farmers' income
- Operational efficiency and cost reduction measures
- Progress under Ethanol Blending Programme
- Current developments in the sugar industry
- Expansion of distillery capacity of subsidiary Uttam Distilleries Limited
- Growth in branded and specialty sugar products
- Company's future outlook and growth strategy
Resolutions Transacted
The following 10 resolutions were presented and voted upon:
1. Adoption of Audited Standalone Financial Statements for the year ended 31st March 2026 (Ordinary Resolution)
2. Adoption of Audited Consolidated Financial Statements for the year ended 31st March 2026 (Ordinary Resolution)
3. Declaration of Final Dividend on Equity Shares for Financial Year ended March 31, 2026 (Ordinary Resolution)
4. Re-appointment of Mr. Shankar Lal Sharma (DIN: 09018381) as Director liable to Retire by Rotation (Ordinary Resolution)
5. Re-appointment of Mr. Shankar Lal Sharma (DIN: 09018381) as Whole Time Director and approval of Remuneration (Special Resolution)
6. Re-appointment of Mr. Raj Kumar Adlakha (DIN: 00133256) as Managing Director and approval of Remuneration (Special Resolution)
7. Re-appointment of Mr. Ravi Kumar (DIN: 02362615) as an Independent Director (Special Resolution)
8. Consent under Section 180(1)(a) of Companies Act, 2013 to create charges, mortgages etc. (Special Resolution)
9. Consent under Section 180(1)(c) of Companies Act, 2013 for borrowings (Special Resolution)
10. Remuneration of Cost Auditor (Ordinary Resolution)
Voting and Results
M/s N. K. Rastogi, Company Secretaries (Membership No.: FCS-3685 and C.P. No. 3785), was appointed as Scrutinizer to oversee the voting process. The e-voting results will be displayed on the company website and intimated to stock exchanges within 2 working days from meeting conclusion.
Q&A Session
Members were invited to ask queries after the resolutions, and the Chairman responded satisfactorily to all questions and suggestions raised.