Dwarikesh Sugar Industries Ltd

Clarification on price movement

• There is no UPSI or undisclosed material information to the stock exchanges.
• Price fluctuation is market-driven, not based on company-specific material information.
• The company has consistently made timely disclosures of material events per SEBI LODR Reg 30.
• Will continue to disclose promptly any material events if required.

AGM details

• AGM held 06 August 2026 at 12:15 p.m. at registered office (physical).
• Record date for voting: 30 July 2026.

Resolutions and outcomes

• Resolution 1: Adoption of audited financials and reports; passed with 99.96% in favour.
• Resolution 2: Re-appointment of B. J. Maheshwari; passed with 99.98% in favour.
• Resolution 3: Declaration of dividend for FY 2025-26; passed with 99.95% in favour.
• Resolution 4: Re-appointment of Gautam Morarka as Executive Chairman; passed with 99.97% in favour.
• Resolution 5: Remuneration fixed for Morarka; passed with 97.44% in favour.
• Resolution 6: Ratification of cost auditor remuneration for 2026-27; passed with 99.98% in favour.

Directors and management changes

• Shri B. J. Maheshwari re-appointed after retirement by rotation.
• Shri Gautam R. Morarka appointed as Whole Time Director and Executive Chairman; remuneration approved.

Auditors

• Remuneration payable to Cost Auditors ratified for FY 2026-27.

Other material approvals

• No other material approvals disclosed.

AGM details

• AGM held on 6 August 2026 at 12:15 IST, physical meeting at registered office.

Resolutions proposed

• Adopt Audited Financial Statements and reports (Ordinary).
• Re-appoint B. J. Maheshwari on rotation (Ordinary).
• Declare dividend on equity shares for year ended March 31, 2026 (Ordinary).
• Re-appoint Gautam R. Morarka as Whole Time Director, Executive Chairman (Ordinary).
• Fix remuneration of Morarka, Whole Time Director (Special).
• Ratify remuneration payable to Cost Auditors for FY 2026-27 (Ordinary).

Voting outcomes

• Res 1: Passed with requisite majority; in-favour ~99.96%.
• Res 2: Passed with requisite majority; in-favour ~99.98%.
• Res 3: Passed with requisite majority; in-favour ~99.95%.
• Res 4: Passed with requisite majority; in-favour ~99.97%.
• Res 5: Special; in-favour ~97.44%; against ~2.56%.
• Res 6: Passed with requisite majority; in-favour ~99.98%.

Re-appointment of Gautam Morarka as Executive Chairman

• Change: Re-appointment of Shri Gautam R. Morarka as Executive Chairman; approved by shareholders on 6 August 2026.
• Term: five-year consecutive appointment as Executive Chairman.
• Designation: Executive Chairman.
• Profile: 40+ years in sugar and allied industries; strategic planning and operations leadership.
• Relationship: Priyanka G. Morarka is his daughter.
• Not debarred from holding director office per SEBI order.

AGM Details

• Date, time, mode: Aug 6, 2026, 12:15 p.m. IST, physical AGM.
• Venue: Registered Office, UP; record date: July 30, 2026.
• Total shareholders on record: 171,616.
• Meeting concluded at 2:00 p.m.

Key Resolutions

• Adoption of Audited Financial Statements for year ended March 31, 2026.
• Re-appointment by rotation of Shri B. J. Maheshwari.
• Declaration of dividend on equity shares.
• Reappointment of Shri Gautam R. Morarka as Whole Time Director, Executive Chairman.
• Fixation of remuneration for Shri Gautam R. Morarka, Whole Time Director.
• Ratification of remuneration payable to Cost Auditors for FY 2026-27.

Voting Status

• Voting results to be disclosed by August 8, 2026; no outcome reported yet.

Dividend

• Dividend on equity shares for the financial year ended March 31, 2026.

Directors & Management Changes

• Re-appointment by rotation of Shri B. J. Maheshwari.
• Morarka reappointed as Whole Time Director, Executive Chairman.
• Priyanka G. Morarka granted leave of absence.

Auditors

• Cost Auditors remuneration ratified for FY 2026-27.