Appointment/ Reappointment of Directors and Auditor at the 39th Annual General Meeting
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At the 39th Annual General Meeting held on 13th August 2025 via video conferencing, Rajshree Sugars & Chemicals made three governance appointments. Mr. Rajan Balasubramanian, a former SBI senior banker with over 36 years of experience in corporate credit, trade finance, and stressed asset management, was appointed as Independent Director for a five-year term, succeeding Mr. S. Krishnaswami whose tenure ends on 29th September 2025. Ms. Rajshree Pathy, a Padma Shri awardee and former President of the Indian Sugar Mills Association, was reappointed as Non-Executive Non-Independent Director via retirement by rotation. Mr. G. Soundarrajan, a practising Company Secretary with 17 years of experience and the company's existing Secretarial Auditor, was reappointed for a five-year term covering FY2025-26 to FY2029-30.
These are routine governance changes with no material impact on operations or shareholder value. The addition of a senior banking professional to the board could strengthen financial oversight and credit-related decision-making.