The Company submits the e-voting results and scrutinizer''s report of Postal Ballot.
RENUKA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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 passed with overwhelming shareholder approval. Resolution 1 (Special) approved the change in designation of Mr. Atul Chaturvedi from Executive Chairman to Non-Executive Director with 99.96% votes in favour. Resolution 2 (Ordinary) approved the appointment of Mr. Susheel Kumar Kamboj as a Director with 99.91% support. Resolution 3 (Special) approved the appointment of Mr. Kamboj as Managing Director and CEO for 5 years along with his remuneration, passing with 99.92% approval. Total voter turnout was 65.81% of outstanding shares, with over 1.40 billion votes cast. Promoter group held 62.5% stake and voted 100% in favour of all resolutions.
Shareholders have approved key leadership changes at the company. The transition of Mr. Chaturvedi to Non-Executive Director and the appointment of Mr. Susheel Kumar Kamboj as MD & CEO signal a potential shift in management strategy. The near-unanimous approval indicates strong shareholder confidence in the proposed leadership structure.