K.M.Sugar Mills Limited has informed the Exchange regarding Demise of Mr L.K.Jhunjhunwala, Chairman of the company on March 14, 2026.
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K.M. Sugar Mills Limited has informed the stock exchanges about the sudden passing of Shri Laxmikant Dwarkadas Jhunjhunwala (DIN: 01854647), who served as Chairman, Promoter, and Whole Time Director of the company, on March 14, 2026. The company described him as a visionary leader whose guidance greatly benefited the company and conveyed deep condolences to his family. Per SEBI regulations, he will also cease to be part of the Promoter/Promoter Group. He held 14,302,600 equity shares (15.55%) individually and 10,065,900 shares (10.94%) through his HUF, making him a significant shareholder.
The loss of the Chairman and a major promoter (combined ~26.5% stake via individual + HUF holdings) could create leadership uncertainty and trigger short-term volatility in the stock. Shareholders should watch for announcements on succession planning and reconstitution of the board.