Ponni Sugars (Erode) Limited has informed the Exchange regarding Re-Appointment of Mr Ramanathan Narayanan as Managing Director of the company w.e.f. April 01, 2026.
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Ponni Sugars (Erode) Limited has re-appointed Mr Ramanathan Narayanan as Managing Director for a further period of three years, from April 1, 2026 to March 31, 2029. The decision was taken by the Board on February 20, 2026, on the recommendation of the Nomination and Remuneration Committee. The re-appointment is subject to shareholder approval through a special resolution via postal ballot and remote e-voting. Mr Narayanan (DIN: 00001033), aged 71, is a Chartered Accountant, Company Secretary, and Cost Accountant with deep expertise in finance, taxation, legal, and the sugar industry. He is not related to any director on the board and is not debarred by SEBI from holding the position.
This is a continuity announcement — the existing Managing Director has been re-appointed, so leadership remains stable with no change in strategic direction. Shareholders will get to vote on the re-appointment via postal ballot, but the decision is largely procedural and unlikely to cause any meaningful stock price movement.