Whole-Time Director's Term Completed; Continues as Non-Executive Director and COO Under CIRP
At an IRP-convened meeting on September 26, 2026, Simbhaoli Sugars recorded a change in its suspended board.
By ScoutQuest · · 1 min read
- Director Role Change
- Mr. Sachchida Nand Misra completed tenure as Whole-time Director on 17th September 2026
- New Designation
- Continues as Non-Executive Director (Member of Suspended Board) and Chief Operating Officer from 18th September 2026
- CIRP Status
- Company under Corporate Insolvency Resolution Process since 11th July, 2024
- IRP Appointed
- Mr. Anurag Goel appointed as Interim Resolution Professional to manage company affairs
- Board Powers
- Powers of Board of Directors stand suspended during CIRP
What was shared
Simbhaoli Sugars disclosed the outcome of a meeting convened by the Interim Resolution Professional (IRP) on Saturday, September 26, 2026, which began at 03:40 P.M. and concluded at 3.56 P.M.
The change recorded
- Mr. Sachchida Nand Misra (DIN: 06714324) completed his tenure as Whole-time Director (Member of Suspended Board) and Chief Operating Officer on 17th September 2026.
- With effect from 18th September 2026, he continues as Non-Executive Director (Member of Suspended Board) and Chief Operating Officer.
- The reason stated is completion of term, and the term of appointment is to remain same as before.
Insolvency context
The company is undergoing the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016 with effect from 11th July, 2024. The powers of the Board of Directors stand suspended, and Mr. Anurag Goel was appointed as Interim Resolution Professional by the adjudicating authority to manage the assets, management and statutory functions of the company.
How investors may read it
This is an administrative change in designation rather than an exit: the same individual continues to serve as Chief Operating Officer while his directorship moves from executive to non-executive status. The wider point for shareholders remains the ongoing insolvency process, under which decision-making rests with the resolution professional rather than the suspended board.
Also from Simbhaoli Sugars
Post-Facto Intimation: 4th Meeting of Committee of Creditors Held and Concluded
15 Oct 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.