Pursuant to Reg.30 of SEBI (LODR) Regulations, 2015, we are pleased to inform you that the 34th Annual General Meeting (AGM) of the Company has been held on Tuesday, September 30, 2025 through video conferencing ('VC) / other audio visual means ( OA VM ) in compliance with Circulars issued by Ministry of Corporate Affairs (MCA) # 14 /2020 dated April 08, 2020, #02/2021 dated January 13, 2021, and Circular No.02/2022 dated May 05, 2022 and SEBI Circular No. SEBI/HO/CFD/CMDI/CIR/P/ 2020/79 dated May 12, 2020, Circular No. SEBI/HO/CFD/CMD2/ CIR/P/2021/11 dated January 15, 2021 and Circular No. SEBI/HO/DDHS/P/CIR/ 2022/0063 dated May 13, 2022, issued by Securities and Exchange Board of India (SEBI) and other applicable provisions of the Companies Act, 2013 read with rules made thereunder.The Meeting had commenced at 2:30 pm and concluded at 3:05 pm. All the requisite Statutory Registers and other requisite documents were made available electronically during the AGM for inspection by the members the brief summary of proceedings is enclosed herewith for your information.This intimation along with the above summary of proceedings is also uploaded on the Company website: www.prudentialsugar.comWe request you to take the above information on record and acknowledge the receipt of the same.
PRUDMOULI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Prudential Sugar Corporation Limited held its 34th AGM on September 30, 2025 via video conferencing, with 52 members in attendance. Three resolutions were passed: adoption of the audited standalone and consolidated financial statements for FY ended March 31, 2025; re-appointment of Mr. Vinod Kumar Baid as Director (retiring by rotation); and appointment of M/s. RBM & Associates as Secretarial Auditors for five consecutive years (FY 2025-26 to FY 2029-30). Three directors attended, while Executive Director K V Subba Rao, Audit Committee Chairman Dilip Raj Singhvi, and Independent Women Director Shilpa Bung were absent. The Chairman disclosed that the Company no longer manufactures sugar but continues sugar trading, and announced major diversification moves: a tie-up with an Ireland-based company to manufacture Solar Panels in Jodhpur (Rajasthan) and an MoU to acquire a 76% equity stake in Senatla EV Products and Senatla Innovative EV Components, which make electric two-wheelers, EV chargers, battery management systems, and solar control systems in Hyderabad.
This filing signals a significant strategic pivot away from the Company's namesake sugar business into high-growth sectors like green energy and electric vehicles, which could reshape long-term investor perception and unlock new value, though execution and integration risks remain. Shareholders should watch for follow-up disclosures on the Senatla acquisitions and the Jodhpur solar project, as these ventures are likely to be the main value drivers going forward.