
Management Change13 Aug 2026, 12:28 pm
Sakthi Sugars Reappoints Joint MD for 5 Years
AI Summary
Sakthi Sugars Ltd announced the re-appointment of Sri.M.Srinivaasan as Joint Managing Director for a period of 5 years, effective August 27, 2026. The board also approved the appointment of Sri.S.Chandrasekhar as an Additional Non-Executive Non-Independent Director and the re-appointment of Sri.M.Balasubramaniam as Managing Director for a similar five-year term without remuneration. The company also reported its unaudited financial results for the quarter ended June 30, 2026, showing a net loss of ₹182.95 Lakhs. Additionally, Smt.R.Jeysree has been appointed to head the Internal Audit Department.
Key Highlights
- Sri.M.Srinivaasan re-appointed as Joint MD for 5 years from Aug 27, 2026.
- Sri.M.Balasubramaniam re-appointed as MD for 5 years without remuneration.
- Sri.S.Chandrasekhar appointed as Additional Non-Executive Non-Independent Director.
- Company reported Q1 FY27 unaudited net loss of ₹182.95 Lakhs.
- Smt.R.Jeysree to head Internal Audit Department.
Price Impact
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