Ponni Sugars (Erode) Limited has informed the Exchange regarding Outcome of Board Meeting held on February 20, 2026 regarding Re-appointment of Mr Ramanathan Narayanan as the Managing Director of the Company.
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Ponni Sugars (Erode) Limited's Board, at its meeting on February 20, 2026, has re-appointed Mr Ramanathan Narayanan (DIN: 00001033) as Managing Director for a further period of three years, from April 1, 2026 to March 31, 2029. The re-appointment is on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval via a Special Resolution through Postal Ballot (e-voting). Mr Narayanan is a Chartered Accountant, Company Secretary and Cost Accountant, aged 71, with deep experience in finance, taxation, legal and the sugar industry; he is not related to any director on the board. The board meeting lasted just 20 minutes (5:00 PM to 5:20 PM).
This is a routine continuity announcement with no change in leadership — the existing Managing Director is being retained for another three-year term. Subject to shareholder approval, it provides management stability and is unlikely to have any material impact on the stock price.