Notice of Postal Ballot
Price
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Awaiting price reaction for this filing.
Indian Sucrose Limited (BSE Scrip: 500319) has issued a Postal Ballot Notice dated December 26, 2025, with dispatch completed on December 29, 2025, seeking shareholder approval through remote e-voting (via NSDL) from January 2, 2026 to January 31, 2026, with results to be announced by February 3, 2026. Three resolutions are put to vote: (1) Appointment of Mr. Sudeep Saxena (DIN: 09199917) as Non-Executive Independent Director for 5 years effective January 31, 2026, via Special Resolution; (2) Material modification in approved related party transactions for FY 2025-26 with Indian Green Revolution Pvt Ltd (additional INR 20 crores, total INR 200 crores, 36.65% of FY24-25 standalone turnover) and Highlink Investment Pvt Ltd (additional INR 25 crores, total INR 125 crores, 22.91% of FY24-25 turnover), via Ordinary Resolution; and (3) Revised limits for advancing loans to related parties up to an aggregate of Rs. 225 Crores under Section 185 of the Companies Act, 2013, via Special Resolution.
Shareholders should note the proposed increase in related party transaction limits and the large Rs. 225 crore loan ceiling to related parties, which represent significant capital movement within the promoter-connected group and warrant careful review. The independent director appointment is a routine governance step and is not expected to materially affect the stock price.