Shree Renuka Sugars Limited has submitted the Exchange a copy Scrutinizer's Report of Annual General Meeting held on Tuesday, September 23, 2025. Further, the Company has informed the Exchange regarding voting results.
RENUKA · price
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Shree Renuka Sugars held its 29th AGM on September 23, 2025 via video conferencing, where all 10 resolutions were passed with the requisite majority. Routine resolutions including adoption of audited standalone and consolidated financial statements for FY25 and re-appointment of retiring directors were approved with near-unanimous support (over 99.7%). The appointment of M/s. GDR & Partners LLP as Secretarial Auditor and ratification of Cost Auditor remuneration also passed comfortably. However, significant dissent was recorded from public institutional investors on executive remuneration: only about 8.8% of institutional votes backed the remuneration of Executive Chairman Atul Chaturvedi and Executive Director & Dy. CEO Vijendra Singh, with roughly 91% voting against. The appointment of Mr. Dorab Mistry as Independent Director also saw 91% of institutional votes against. Promoters (holding about 132.98 crore shares, or 62.5% stake) voted 100% in favor of all resolutions, ensuring passage. About 66% of outstanding shares were polled overall.
This is a routine procedural disclosure. While all resolutions passed, the heavy institutional investor pushback on executive pay and the new independent director appointment may raise governance concerns among minority shareholders. The stock is unlikely to see a significant direct reaction, but sustained dissent from institutions could be a watchpoint for future governance discussions.