Bannari Amman Sugars Limited has informed the Exchange regarding Notice of Postal Ballot
BANARISUG · price
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Bannari Amman Sugars Limited has issued a Postal Ballot Notice seeking shareholder approval to appoint Smt. Sowmya Sitaram (DIN: 11254035) as a Non-Executive Woman Independent Director for a five-year term from 11 September 2025 to 10 September 2030. She was initially appointed as an Additional Director by the Board on 11 September 2025 based on the recommendation of the Nomination and Remuneration Committee, and now requires shareholder approval via postal ballot as mandated under SEBI Listing Regulations. Smt. Sowmya Sitaram is a practicing lawyer in Coimbatore with 37+ years of legal experience and holds no equity shares in the company or directorships elsewhere. Remote e-voting through CDSL will be open from 24 September 2025 to 23 October 2025, with results expected on or before 25 October 2025.
This is a routine governance move to onboard a woman independent director, helping the company comply with board composition requirements under SEBI Listing Regulations. It is unlikely to have any material impact on the stock price or shareholder value.