Vishwaraj Sugar Industries Limited has informed the Exchange regarding Board meeting held on July 16, 2025.
VISHWARAJ · price
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Vishwaraj Sugar Industries held a board meeting on July 16, 2025, where two key decisions were taken. First, Mr. Vishnukumar Mahadev Kulkarni was re-appointed as an Independent Director for a second term of five years starting July 17, 2025, subject to shareholder approval. He will only receive sitting fees and no other remuneration. Second, Mr. Mallikarjun Kadayya Pujar (63 years old) was appointed as Additional and Whole-Time Director for a three-year term effective July 16, 2025, with a monthly remuneration of Rs. 88,970. Mr. Pujar was previously a Director on the board from 2011 to 2019 and has been associated with the company since inception. Both directors are confirmed as not debarred by SEBI from holding directorship.
This is a routine governance update with no material impact on shareholders. The re-appointment ensures continuity of an existing independent director, while the Whole-Time Director appointment brings back a familiar face with long-standing company knowledge. No change in promoter or control structure is involved.