We are Submitting with this letter the 85th AGM Chairman s Speech and Scrutinizers Report along with voting results in respect of E-Voting conducted at 85th AGM of our Company held on 5th August 2025.
UGARSUGAR · price
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Awaiting price reaction for this filing.
The Ugar Sugar Works Limited filed the voting results and Scrutinizer's Report for its 85th Annual General Meeting held on 5th August 2025 through video conferencing. A total of 9 resolutions were voted upon, and all were passed with overwhelming shareholder support. The adoption of audited financial statements for FY ending 31st March 2025 received 99.98% approval. All 9 resolutions passed with 99.46% to 99.98% votes in favour. Notable items include alteration of Articles of Association, reappointment of two directors retiring by rotation (Mr. Prafulla V. Shirgaokar and Mr. Sachin R. Shirgaokar), continuation of Mr. Shirgaokar as non-executive director, reappointment of two Independent Directors (Mr. S.S. Gangavati and Mrs. Sunita Thakur) for 2 more years, ratification of Cost Auditor remuneration of Rs. 3,00,000, and appointment of a Secretarial Auditor for 5 years (FY 2025-26 to 2029-30). Out of 63,541 total shareholders, 169 voted either remotely or at the AGM, with total voting representing 32.25% of outstanding shares (3.62 crore shares).
This is a routine regulatory filing confirming that all 9 AGM resolutions were approved by shareholders with strong consensus (over 99% in favour on most items). The results are largely procedural with no material business impact, though the passing of the Articles of Association alteration and board reappointments were necessary governance items. No significant share price impact is expected.