Gayatri Sugars Ltd

AGM Details

• 31st AGM held on 29 September 2026 at 11:30 IST via VC/OAVM.
• Meeting concluded at 12:05 IST.
• No physical attendance; proxies not applicable.

Resolutions & Voting Status

• Ordinary: Adoption of Audited Financial Statements for year ended 31 March 2026.
• Ordinary: Re-appointment of Mrs. T Indira Reddy as Director liable to retire by rotation.
• Special (Ordinary): Ratification of remuneration of M/s Narasimha Murthy & Co., Cost Accountants for 2026-27.
• Voting results to be intimated after Scrutinizer's Report.

Encumbrance release details

• Subbarami Reddy Tikkavarapu: release of 3,255,814 encumbered shares (4.38%) on 13 Aug 2026; type 'Others'.
• T. Indira Reddy: release of 3,793,508 encumbered shares (5.11%); post-release encumbrance 143,508 (0.19%) on 13 Aug 2026.
• T.V. Sandeep Kumar Reddy: release of 2,513,031 encumbered shares (3.38%); post-release unencumbered 4,250,000 on 13 Aug 2026.
• Total encumbered shares before release: 5,912,353 (12.19% of total share capital).
• Promoter group names involved: T. Indira Reddy, T.V. Sandeep Kumar Reddy, Subbarami Reddy Tikkavarapu.

Appointment of Independent Director

• Resolution to appoint Mrs. Sarita Danda as Independent Director; ordinary resolution.
• Outcome: 87.75% in favour, 12.25% against; 0 invalid votes.
• Independence status: Independent; term details not disclosed.

Financials

• Revenue from operations ₹24.50 crore; Total income ₹24.56 crore.
• Total expenses ₹43.65 crore; Net loss after tax ₹19.09 crore.
• EPS basic/diluted ₹-2.57 for the quarter.
• PBT and PAT: ₹-19.09 crore; taxes nil.
• Standalone results; quarter ended 30 June 2026.

Segment performance

• Sugar revenue ₹20.29 crore; Distillery ₹10.22 crore.
• Inter-segment revenue ₹6.02 crore; Total segment revenue ₹30.51 crore.
• Segment pre-Interest-and-Tax: Sugar loss ₹12.27 crore; Distillery loss ₹0.21 crore.
• Total segment results before interest and tax ₹-12.48 crore.

Contingent liability & audit

• Contingent electricity duty ₹283.99 lakh; potential ₹170 lakh if adverse outcome.
• Auditors' review notes possible impact; modified conclusion.
• Note: Electricity duty matter abated; litigation status unchanged.

Debt & disclosures

• Total financial indebtedness ₹134.09 crore.
• Regulatory disclosure: Regulation 32(1) not applicable as no funds raised.

Operational notes

• Sugar seasonality; quarterly results not directly comparable.
• Segment reporting based on Sugar and Distillery; standalone results.

Meeting Details

• Board meeting scheduled for Tuesday, 11 August 2026; time and venue not disclosed.

Key Agenda Items

• To consider and approve the unaudited financial results/statements for quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 01, 2026 and will reopen 48 hours after results are declared.

Purpose and resolution

• Special postal ballot to approve appointment of Sarita Danda as Independent Director.

Resolution details

• Appointed as Independent Director; not liable to retire by rotation.
• Term length not disclosed in the Postal Ballot Notice.

Voting timeline

• E-voting period: 21 July 2026 to 19 August 2026.
• Cut-off date for voting eligibility: 10 July 2026.
• Results expected by 21 August 2026.

Director profile

• Ms. Sarita Danda, DIN 11732470, appointed 21 May 2026.
• MBA; 15+ years’ management experience; independence confirmed.

Shareholder and governance impact

• No capital actions; governance change via Independent Director appointment.
• Shareholding unchanged.
• Independence confirmation per Section 149(6) and Listing Regulations.

Dematerialisation status

• No dematerialisation/rematerialisation requests received during the quarter ended 30 June 2026.

Gayatri Sugars Limited (Scrip Code: 532183) Trading Window Closure from July 01, 2026 in connection with the finalization of Financial Statements/Results for the Quarter Ended June 30, 2026; The Trading Window will open 48 (forty-eight) hours after the said financial results are declared to the Stock Exchange.