Two officials tender resignations; Whole-time Director steps down from board, stays on as CFO
Two senior exits disclosed, effective close of business on Oct 1, 2026.
- Effective date of cessation
- close of business hours on October 1, 2026
- Exit 1
- Mrs. Kirandeep Kaur – Admin Head & Senior Management Personnel
- Exit 2
- Mr. Gaurav Garg – Whole-time Director
- Continuing role
- Mr. Garg continues as Chief Financial Officer (CFO)
- Reason cited
- personal reasons
Senior management resignations at Rana Sugars
The company informed the stock exchanges that two officials have tendered their resignations from their respective positions in the company, with effect from the close of business hours on October 1, 2026, due to personal reasons.
Who is stepping down
- Mrs. Kirandeep Kaur – Admin Head and Senior Management Personnel
- Mr. Gaurav Garg – Whole-time Director of the Company
The reason given in the update
- Both resignations are attributed to personal reasons.
- Mr. Garg's resignation letter adds that he is resigning from the office of Whole-time Director and Directorship in order to realise his professional responsibilities and commitments, and states that there are no other material reasons for his resignation other than those stated.
One role continues unchanged
Mr. Garg's resignation is limited to his position as Whole-time Director or Director of the Company. He will continue to be associated with the company in his existing capacity as Chief Financial Officer (CFO), and the update states he will continue to serve as CFO and discharge his duties in that capacity in accordance with the applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable laws, rules and regulations.
Effective date
Both cessations take effect from the close of business hours on October 1, 2026. The annexure to the update records the date of cessation as October 1, 2026 for both individuals.
What was enclosed
Copies of the resignation letters tendered by Mrs. Kirandeep Kaur and Mr. Gaurav Garg, setting out the reasons for their respective resignations, were enclosed along with the details required under Regulation 30 read with Schedule III of the SEBI Listing Regulations.
In simple terms
A Whole-time Director is a director who is also in the whole-time employment of the company; that directorship is the role Mr. Garg has resigned from.
At the same time, the financial leadership role is continuing, since he stays on as CFO. Mrs. Kirandeep Kaur's exit relates to the administrative head and senior management position.
The disclosures indicate changes at the senior management and board level, with the company's Chief Financial Officer continuing in that position.
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