Rana Sugars Limited has informed the Exchange about General Updates
RANASUG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rana Sugars Limited has issued a Postal Ballot Notice seeking shareholder approval for two resolutions: (1) appointment of Mr. Gaurav Garg (DIN: 10713039) as Director with the functional designation of Chief Financial Officer, and (2) his appointment as Whole-time Director designated as CFO for a 5-year term from 26 February 2026 to 25 February 2031. Mr. Garg, a Chartered Accountant born on 29 July 1980, has been serving as the company's CFO since 9 February 2021, and the Board approved his elevation to WTD-CFO on 26 February 2026 subject to shareholder approval. No additional remuneration is being proposed as WTD; he will continue to draw his existing CFO salary in the range of Rs. 69 lakhs to Rs. 90 lakhs per annum. E-voting runs from 25 April 2026 to 24 May 2026, with M/s A. Arora & Co. appointed as scrutinizer and CDSL as the e-voting agency.
This is a procedural regularization of an existing KMP (CFO) into a Whole-time Director role and is unlikely to materially affect shareholder value. The continuity in leadership and the fact that no extra remuneration is being paid suggest a housekeeping governance step rather than a strategic change.