The Company hereby intimates about the changes in the Board of Directors of the Company.
RENUKA · price
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Shree Renuka Sugars has announced a major leadership change effective April 1, 2026. Mr. Atul Chaturvedi, the Executive Director and Chairman, is stepping down from his executive role due to advancing age but will continue as a Non-Executive Director. Independent Director Mr. Madhu Rao, a former CFO and Vice Chairman of Shangri-La Hotels, will take over as the new Chairman of the Board. Separately, Mr. Susheel Kumar Kamboj, an agri-business leader with prior experience at Syngenta India and Mahyco, 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. Mr. Kamboj holds an MBA in Agri Business Management and brings over 20 years of experience in agribusiness, crop protection, and food sectors.
This is a significant board and top management overhaul at Shree Renuka Sugars. The transition is smooth — the outgoing Chairman stays on as a non-executive director, ensuring continuity, while a new professional CEO with deep agri-business expertise is being brought in. Shareholders will vote on the MD appointment via postal ballot. The stock may react neutrally to positively as the changes signal professionalisation rather than disruption, though the transition will be closely watched for execution under the new leadership.