Re-appointment of Managing Director for five years.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
UR Sugar Industries Ltd has re-appointed Mr. Lava Ramesh Katti (DIN: 02777164) as Managing Director for a further period of five years with effect from 9 September 2025, following shareholder approval. Notably, Mr. Katti will serve without any remuneration (nil salary), as he had previously requested. He has been on the board since 9 September 2022 and holds 14,001,370 equity shares, indicating a significant promoter-level stake. The re-appointment includes standard provisions for termination, duties, and liability to retire by rotation. The company (formerly HKG Limited) is listed on BSE under scrip code 539097 and operates in sugar, distillery, and co-generation segments.
This is a routine continuity announcement — the existing MD stays in place, providing leadership stability for shareholders. The zero-remuneration stance keeps costs low, while his large shareholding aligns his interests with other shareholders. For the stock, this is unlikely to cause any immediate price movement.