Shareholders approve director re-appointments and a new Executive Director at 71st AGM

Re-appointment of Dr. Raman Ramchandran and Mr. Suhas Godage as Directors, liable to retire by rotation.

Mon 28 Sep 2026

AGM Date

28 September 2026

MD Re-appointment

Mr. Samir S. Somaiya as Managing Director, w.e.f. 1 April 2027 (three consecutive years)

Executive Director Appointments

Mr. Suhas Godage as Executive Director (Works-Sakarwadi) and Mr. Dinesh Sharma as Executive Director (Works-Sameerwadi), both for three…

What was approved

The company informed the exchanges that at the 71st Annual General Meeting held on Monday, 28 September 2026, members approved a set of board appointments and re-appointments.

Items approved

• Re-appointment of Dr. Raman Ramchandran as Director, liable to retire by rotation.
• Re-appointment of Mr. Suhas Godage as Director, liable to retire by rotation.
• Re-appointment and approval of remuneration of Mr. Samir S. Somaiya as Managing Director, with effect from 1 April 2027, for three consecutive years.
• Re-appointment and approval of remuneration of Mr. Suhas Godage as whole-time director designated Executive Director (Works-Sakarwadi), with effect from 1 April 2027, for three consecutive years.
• Appointment of Mr. Dinesh Sharma as a Director of the company.
• Appointment and approval of remuneration of Mr. Dinesh Sharma as whole-time director designated Executive Director (Works-Sameerwadi) for three consecutive years with effect from 28 September 2026.

Backgrounds as stated

• Dr. Raman Ramachandran: PhD from the University of Adelaide, South Australia, with research work in Kenya, the Philippines and the University of Wisconsin, Madison.
• Mr. Suhas Godage: B.Sc. (University of Pune), MBA (Yashwantrao Chavan Maharashtra Open University) and a post graduate diploma in industrial fermentation and alcohol technology from Vasantdada Sugar Institute.
• Mr. Samir S. Somaiya: B.Sc., Master's degrees in Chemical Engineering and Business Administration from Cornell University, and a Master's in Public Administration from Harvard University.
• Mr. Dinesh Sharma: M.Sc. in Sugar Technology from the University of Mysore.

The company states that none of these directors is related to any other director, and that none is debarred from holding the office of director by virtue of any SEBI order or any other authority.

How to read it

This is a governance and leadership continuity update. The top executive role (Managing Director) continues with Mr. Samir S. Somaiya for a further three-year term beginning 1 April 2027, while a new Executive Director takes charge of the Sameerwadi works from 28 September 2026. Operations at the two manufacturing locations, Sakarwadi and Sameerwadi, are each covered by a designated executive director.

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