AGM/EGM29 Sept 2026, 05:30 pm
SBEC Sugar Ltd Holds 32nd AGM, Discusses Investment Returns
AI Summary
SBEC Sugar Ltd convened its 32nd Annual General Meeting on September 29, 2026, via video conferencing. The meeting, attended by 60 members, covered six resolutions including the adoption of financial statements, re-appointment of directors, authorization for related party transactions, approval of a One Time Settlement Agreement, and ratification of cost auditor remuneration. The Chairman highlighted a significant investment in Modi Illva India Private Limited through a subsidiary, which has seen its book value grow from ₹37.48 crore to approximately ₹326.11 crore. Remote e-voting facilities were provided to members, with results to be announced and intimated to the stock exchange.
Key Highlights
- 32nd AGM held via video conference on September 29, 2026.
- Investment in Modi Illva India yielded substantial returns.
- Book value of investment grew from ₹37.48 Cr to ₹326.11 Cr.
- Six resolutions transacted, including financial statements and director re-appointments.
- Remote e-voting facility provided to members.
Price Impact
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