We regret to inform you of the sad demise of Mr. Raghuraj Suresh Bhalerao, Independent Director
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Gayatri Sugars Ltd has informed BSE about the death of Mr. Raghuraj Suresh Bhalerao, who served as an Independent Director since November 11, 2016. He passed away on April 4, 2026, but the company received the intimation on May 5, 2026, resulting in a significant delay of over a month. The company acknowledged his contributions to the board through guidance, expertise, and leadership. The filing was signed by Company Secretary D S V R Susmitha. This leaves a vacancy on the board that will need to be filled to maintain the required number of independent directors.
The death of an independent director creates a board vacancy that the company must fill to comply with corporate governance requirements. The delay in intimation may raise concerns among investors about internal communication processes.