Bannari Amman Sugars Limited has informed the Exchange regarding Resignation of Mr M PONNUSWAMI as Non- Executive Independent Director of the company w.e.f. April 17, 2026.
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Mr. M Ponnuswami (DIN: 00015847) has resigned as Non-Executive Independent Director of Bannari Amman Sugars Limited effective April 17, 2026. The reason is his inability to appear for and pass the Online Proficiency Self-Assessment Test within the timeline mandated under Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014. He also ceases to be a member of the Stakeholders' Relationship Committee and Risk Management Committee from the same date. He is not on the board of any other listed entity and has confirmed there are no other reasons for his resignation. The Board has recorded its appreciation for his contribution during his tenure.
This is a routine compliance-driven resignation and is unlikely to have any material impact on the stock. The company will need to appoint a new Independent Director within the prescribed timeframe to comply with SEBI board composition norms.