KMSUGARNSEK.M.Sugar Mills Limited· SugarMediumNeutral
Announced Mon, 18 May · 20:46 IST

K.M.Sugar Mills Limited has informed the Exchange regarding Appointment of Naina Jhunjhunwala as Other of the company w.e.f. May 18, 2026.

Promoter Family Board EntryManagement Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+1.9%1-day move
₹27.50
prior close
₹27.35
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+0.5+0.5+1.4+0.3+1.9+1.8+0.7+0.7-0.5-1.5-2.7-1.5+2.5
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AI summary

K.M. Sugar Mills Limited's Board of Directors, at its meeting on May 18, 2026, approved two key appointments. First, M/s Aman Malviya & Associates, Cost Accountants were appointed as Cost Auditors for FY 2026-27. Second, Smt. Naina Jhunjhunwala (DIN: 01837824) was appointed as Additional Director, effective from the date of the meeting, subject to shareholder approval at the ensuing AGM. She is the mother of Mr. Aditya Jhunjhunwala (Managing Director) and Mr. Sanjay Jhunjhunwala (Whole-time Director), making this a promoter family appointment. Naina Jhunjhunwala holds a Bachelor's degree in Arts from Kolkata and brings over 35 years of extensive business experience along with philanthropy work.

Likely market impact

This appointment increases family representation on the board, which may raise governance considerations for minority shareholders. The appointment is pending AGM approval.