Shree Renuka Sugars Limited has informed the Exchange regarding Change in Director(s) of the company.
RENUKA · price
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Shree Renuka Sugars has announced a major leadership reshuffle effective April 1, 2026. Atul Chaturvedi, the current Executive Chairman, is stepping down from his executive role due to advancing age and will continue as a Non-Executive Director. Independent Director Madhu Rao, a former CFO and Vice Chairman of Shangri-La Asia, will take over as Chairman of the Board. Susheel Kumar Kamboj, who was previously MD of Syngenta India, has been appointed as CEO effective March 23, 2026, and as Managing Director & CEO for a 5-year term from April 1, 2026, subject to shareholder approval via postal ballot. The changes come into effect from April 1, 2026 and were approved by the Board on March 17, 2026.
The transition signals a planned succession with a globally experienced agri-business leader (Kamboj) taking operational charge, while board independence is strengthened by Madhu Rao chairing the board. Chaturvedi's continued presence as Non-Executive Director should ensure continuity, but shareholders will vote on the new MD appointment, making it a key event to watch.