Re-appointment of Managing Director.
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UR Sugar Industries Ltd has informed the stock exchange about the re-appointment of Mr. Lava Ramesh Katti (DIN: 02777164) as Managing Director for a further period of 5 years effective 09 September 2025, subject to shareholder approval. Mr. Katti was first appointed to the board on 09 September 2022 and has experience running the company's distillery and co-generation units. He holds a substantial stake of 1.4 crore equity shares in the company. Notably, he will continue to serve without any remuneration, as he himself expressed willingness to work as MD without pay. The re-appointment was recommended by the Nomination and Remuneration Committee.
This is a routine re-appointment of the existing Managing Director, signalling leadership continuity. The decision to serve without remuneration is shareholder-friendly and may be viewed positively, but is unlikely to materially move the stock on its own.