Uttam Sugar Mills Limited has disclosed the resignation of Mr. Sanjay Bhandari from his position as Chief Financial Officer (Key Managerial Personnel) of the company.
Resignation Details
- Mr. Sanjay Bhandari tendered his resignation via email dated 15th September, 2026
- Reason for resignation: Health/medical reasons (as specified in the regulatory annexure)
- Effective date of cessation: From closure of business hours on 16th September, 2026
- The resignation has been accepted by the company
Additional Context from Resignation Email
Mr. Bhandari stated in his resignation email that he had been with the company for nearly 20 years and that his decision was due to health reasons requiring him to focus on his "mental and physical health, as well as my family." He clarified that there were no other reasons or considerations behind his resignation beyond those stated.
Annexure Details
The annexure provided the following structured information:
1. Reason for change: Resignation due to health/medical reasons
2. Date of cessation: From closure of business hours on 16th September, 2026
3. Brief profile: Not Applicable
4. Disclosure of relationships between directors: Not Applicable
Financial Impact
No financial impact quantified in the disclosure.
Capital Structure Impact
No capital structure impact mentioned in the disclosure.
Governance Impact
Change in Key Managerial Personnel (Chief Financial Officer position).