Piccadily Sugar & Allied Industries Ltd

AGM Details

• AGM held 25 Sep 2026 at 12:30 PM via VC/OAVM (deemed venue).
• Cut-off date for voting rights was 18 Sep 2026.
• Remote e-voting ran 22–24 Sep 2026; in-meeting e-voting available.

Ordinary Business Resolutions

• Adopt standalone audited financial statements for year ended 31 Mar 2026; passed 66 in favour, 1 against.
• Re-appointment of Naveen Pawar as Director by rotation; passed 66 in favour, 1 against.

Special Business and Approvals

• Appoint Statutory Auditors (Rattan Kaur & Associates) for five years; passed 66 in favour, 1 against.
• Re-appointment of Naveen Pawar as Whole-Time Director; passed 66 in favour, 1 against.
• Increase in authorised Preference Share Capital; passed 66 in favour, 1 against.
• Approve related party transactions; passed 66 in favour, 1 against.
• Issue NCRPS Series 2 on private placement; passed 66 in favour, 1 against.

Director Changes

• Naveen Pawar re-appointed as Director by rotation; passed 66 in favour, 1 against.
• Naveen Pawar re-appointed as Whole-Time Director; passed 66 in favour, 1 against.

AGM details

• Date and time: 25 September 2026, 12:30 PM; mode: VC/OAVM.
• Deemed venue: Jakhal Road, Patran, Punjab.
• Shareholders present: 34; meeting chaired by Naveen Pawar.

Resolutions

• Adopt standalone financials and reports; results to be intimated within 48 hours.
• Re-appoint director by rotation; results to be intimated within 48 hours.
• Appoint M/s Rattan Kaur & Associates as Statutory Auditors; results within 48 hours.
• Re-appoint Naveen Pawar as Whole-Time Director; results within 48 hours.
• Increase authorised Preference Share Capital; results within 48 hours.
• Approve Related Party Transactions; results within 48 hours.
• Issue NCRPS on private placement; results within 48 hours.

Auditors

• Statutory Auditor appointment: M/s Rattan Kaur & Associates; tenure not specified.

Director changes

• Director rotation: Naveen Pawar to be re-appointed.
• WTD re-appointment: Naveen Pawar; special resolution.

Material related party transactions

• RPTs approved; no counterparty or value details disclosed.

Piccadily Sugar & Allied Industries Ltd — Trading window closed during the period related to the board meeting to consider unaudited results for quarter ending September 30, 2026

AGM & annual report

• 33rd AGM scheduled for 25 September 2026 via VC/OAVM.
• Book closure 19–25 September 2026; e-voting 22–24 September 2026.
• Annual Report 2025-26 uploaded on the company website.

Financial performance

• Revenue from operations: Rs 166.46 lakhs in FY2025-26.
• Total income: Rs 681.60 lakhs; higher due to other income.
• Profit after tax: Rs 33.57 lakhs; EPS Rs 0.14.

Operations & expansion

• Ethanol project expanded to 105 KLPD; trial run underway.
• Patran distillery turnover Rs 166.46 lakhs; Bawal unit no turnover.
• Sugar mill did not commence crushing in 2025-26 due to adverse conditions.

Capital structure & financing

• Authorised share capital increased to Rs 48 crore; 80 lakh new pref shares proposed.
• Equity share capital stands at Rs 23.2545 crore.
• 5% NCRPS Series 2 up to Rs 10 crore; privately placed; non-convertible; redeemable up to 20 years.

Related party governance

• Related parties include Piccadily Agro Industries Limited and other promoter entities.
• Related party transactions exceed material thresholds; approval of members sought.
• Purchases from Piccadily Agro: Rs 1,613.01 lakh; sales to PAIL: Rs 5.53 lakh.

Audit & governance

• Jain & Associates resigned; M/s Rattan Kaur & Associates appointed as Statutory Auditors.
• Board includes Naveen Pawar (Chairman), Avneet Kaur, Akhil Dada; Ramneek Kaur resigned; Renu Rawat joined as ID.
• Management certification on internal controls provided; adherence to SEBI LODR norms.

Shareholders & ownership

• Promoter holdings total 74.98%: Siddhartha Sharma 14.94%, Soon-N-Sure 23.95%, Piccadily Agro 35.87%.
• Shareholding pattern: Promoters 74.98%, Public 25.02%.
• Dematerialisation: NSDL 67.84%, CDSL 22.15%, Physical 10.01%.

Financial results and auditor appointment

• Un-Audited standalone results for quarter ended 30 June 2026, approved by Board, with Limited Review Report.
• Board recommended appointing M/s Rattan Kaur & Associates as Statutory Auditors for five years, subject to shareholder approval.

AGM and book closure

• 33rd AGM scheduled for 25 September 2026.
• Register of Members closed from 19 to 25 September 2026 (inclusive).

Disclosure

• Documents disseminated on the company's website.

Financial results

• Q1 FY2026 unaudited standalone results: total revenue from operations 85.39 Lakh.
• Other income 54.18 Lakh; total income reported 54.18 Lakh.
• Profit before tax: 28.67 Lakh.
• Deferred tax: (6.47) Lakh; tax credit.
• Net profit: 35.14 Lakh.
• Basic/diluted EPS: 0.15 Rs.
• Auditors' review: unmodified conclusion.
• Single-segment operation; Ethanol Plant implementation in progress.
• Board approved results on Aug 10, 2026.

AGM & book closure

• AGM scheduled for Sep 25, 2026; book closure Sep 19–25, 2026.

Notes

• The company operates in a single segment.
• Results presented are unaudited; Limited Review Report issued Aug 10, 2026.

Processing and record updates

• Dematerialisation requests were processed and confirmed to depositories within 15 days of receipt.
• Securities dematerialised were updated with all stock exchanges where listed within 15 days.
• Physical certificates for dematerialisation were mutilated and cancelled; depository registered owner updated within 15 days.