SBEC Sugar Ltd

AGM Details

• Date and time: 29 September 2026, 03:30 PM IST.
• Mode: Video Conference / OAVM; no physical attendance.
• Record date: 22 September 2026.
• End time: 03:54 PM.

Key Resolutions

• Resolution 1: Adoption of standalone and consolidated financial statements.
• Resolution 2: Re-appointment of Kumkum Modi as Director.
• Resolution 3: Re-appointment of Jayesh Modi as Director.
• Resolution 4: Authorization for material related party transactions.
• Resolution 5: Rectification/approval of One-Time Settlement with Modi Industries Limited.
• Resolution 6: Ratification of remuneration to Cost Auditors.

Voting Results

• Resolution 1: Passed by majority; in-favour votes overwhelming.
• Resolution 2: Passed by majority; in-favour votes overwhelming.
• Resolution 3: Passed by majority; in-favour votes overwhelming.
• Resolution 4: Passed; promoter votes excluded under SEBI LODR; rest in favour.
• Resolution 5: Passed; promoter votes excluded; rest in favour.
• Resolution 6: Passed; promoter votes excluded; rest in favour.

Dividend

• Dividend not proposed or declared.

Director Changes

• Re-appointment of Kumkum Modi as Director.
• Re-appointment of Jayesh Modi as Director.

Auditors

• Remuneration to Cost Auditors ratified.

Related Party Transactions

• Authorization for related party transactions with related parties.
• One-Time Settlement with Modi Industries Limited approved.

Other Material Approvals

• Six resolutions classified as ordinary business; no other material approvals noted.

AGM Details

• Date/time/mode: 29 Sep 2026; 03:30–03:54 IST; VC/OVAM.
• Attendance: 60 members; meeting chaired by Ajay Kumar Aggarwal.
• Remote e-voting: 26–28 Sep 2026; six resolutions voted during AGM.

Strategic Update

• Strategic investment via subsidiary; book value rose from ₹37.48 crore to ₹326.11 crore.

Key Resolutions

• Adoption of standalone and consolidated financial statements: ordinary; outcome not disclosed.
• Re-appointment of Kumkum Modi as director: ordinary; outcome not disclosed.
• Re-appointment of Jayesh Modi as director: ordinary; outcome not disclosed.
• Authorization for material related party transactions: ordinary; outcome not disclosed.
• One Time Settlement with Modi Industries Limited: ordinary; outcome not disclosed.
• Ratification of remuneration to Cost Auditors: ordinary; outcome not disclosed.

Voting Results

• Res 1: Adoption of financial statements; results not disclosed.
• Res 2: Re-appointment Kumkum Modi as director; results not disclosed.
• Res 3: Re-appointment Jayesh Modi as director; results not disclosed.
• Res 4: Authorization for material related party transactions; results not disclosed.
• Res 5: One Time Settlement with Modi Industries Limited; results not disclosed.
• Res 6: Ratification of remuneration to Cost Auditors; results not disclosed.

SBEC Sugar Ltd: Trading window closed for Designated Persons from Oct 01, 2026 till 48 hours (both days inclusive) after the declaration of unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026.

Parties

• SBEC Sugar Limited and Pristine Industries Limited are the parties.

Purpose and key terms

• Purpose: extension of the unsecured loan tenure.
• Original loan date: 12 Jan 2026; amendment date: 09 Sep 2026.
• Closing date per repayment schedule: 31 Dec 2026.
• No security provided by SBEC Sugar Limited.
• Total loan amount outstanding not disclosed.

Related party status

• Parties are not related; not a related party transaction.

Impact

• No equity changes; lender ownership unchanged.
• Debt maturity extended to 31 Dec 2026.
• No security provided.

Amendment and disclosures

• Amendment dated 09 Sep 2026; revised terms incorporated.
• Annexure A contains detailed disclosures.
• Lender: Pristine Industries Limited.

Financial results and approvals

• Un-audited standalone and consolidated results for quarter ended 30 June 2026, with Limited Review Report.

Cost auditor appointment

• Re-appointment of M.K. Singhal & Co. as Cost Auditors for FY 2026-27.

Management changes

• Resignation of Madhur Agarwal as Company Secretary cum Compliance Officer effective 13 August 2026.

Capital actions

• Note on conversion of debentures of SBEC Stockholding into equity shares.

AGM notice and reporting

• Approval of the Notice and Directors' Report with annexures for AGM.

Auditor remarks and emphasis

• Qualified conclusion due to non-provision of cane dues interest of Rs 776.15 lacs.
• NRV-based inventories overstated by Rs 1063.32 lacs; impact on EPS.
• Emphasis on cane dues waiver pending Cane Commissioner decision; no provision yet.