SBEC Sugar 32nd AGM proceedings; 6 resolutions passed

SBEC Sugar held its 32nd AGM on September 29, 2026 via video conferencing from 3:30 PM to 3:54 PM with 60 members attending. Six ordinary resolutions were passed covering adoption of audited standalone and consolidated financial statements, re-appointment of two retiring directors, authorisation for material related party transactions, a one time settlement agreement with Modi Industries Limited, and ratification of cost auditor remuneration. The Chairman highlighted that an investment of about 37.48 crore rupees made in Modi Illva India through wholly owned subsidiary SBEC Stockholding now carries a book value of about 326.11 crore rupees. E-voting results will be announced later.