Pursuant to Regulation 30 & 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed Notice of 31st Annual General Meeting (AGM) of SBEC ....
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SBEC Sugar Limited has issued the notice for its 31st AGM, scheduled for Thursday, 25th September 2025 at 11:00 AM via video conferencing. Ordinary business includes adoption of audited standalone and consolidated financial statements for FY ended 31st March 2025, and re-appointment of directors Abhishek Modi and Vijay Kumar Modi, who retire by rotation. A special resolution is being sought to allow Smt. Kumkum Modi to continue as Non-Executive Director beyond age 75 (she attains 75 on 18 January 2026), citing her extensive industry experience. The notice also seeks shareholder approval for material related party transactions, including a Rs 300 crore inter-corporate loan from promoter group entity Moderate Leasing & Capital Services (47.54% of FY25 consolidated turnover) at 15% interest, Rs 250 crore of material sales to G S Pharmbutor Pvt Ltd (39.62% of turnover), and corporate guarantees of Rs 60 crore each. Additional items include ratification of Rs 1 lakh remuneration for cost auditor M.K. Singhal & Co and appointment of Soniya Gupta & Associates as Secretarial Auditor for a 5-year term.
Routine AGM business for most items, but the large related party transactions — collectively exceeding 90% of FY25 consolidated turnover — are significant and will require shareholder approval. The 15% inter-corporate loan from a promoter entity and the scale of related party dealings may be watched closely by minority shareholders.