Shree Renuka Sugars Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
RENUKA · price
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Shree Renuka Sugars Limited has announced the results of its postal ballot conducted via remote e-voting from April 7 to May 6, 2026. Three resolutions were voted upon, all of which passed with overwhelming shareholder approval exceeding 99%. First, Mr. Atul Chaturvedi has been redesignated from Executive Chairman to Non-Executive Director (99.96% in favour). Second, Mr. Susheel Kumar Kamboj has been appointed as a Director (99.91% in favour). Third, Mr. Susheel Kumar Kamboj has been appointed as Managing Director and CEO for a period of 5 years with remuneration approval (99.92% in favour). Out of 212.85 crore total shares, approximately 140.07 crore votes were polled representing 65.81% voter turnout. The scrutinizer from SKGK & Associates LLP has confirmed all resolutions were passed with the requisite majority.
This marks a significant leadership transition with Mr. Susheel Kumar Kamboj taking over as Managing Director and CEO while Mr. Atul Chaturvedi moves to a non-executive role. The near-unanimous approval signals strong shareholder confidence in the new leadership direction. For investors, this indicates potential strategic shifts under new management.