Management Change11 Aug 2026, 10:46 am
Ugar Sugar Works: Director Changes Effective August 11, 2026
AI Summary
Ugar Sugar Works Ltd announced changes in its board of directors. Mr. Hari Athawale will cease to be an Independent Director upon completion of his tenure on August 11, 2026. Concurrently, Mr. Prafulla Shirgaokar has resigned as a Non-Executive Director, also effective August 11, 2026. The company has appointed Mr. Shirgaokar as Chairman Emeritus from August 12, 2026, recognizing his extensive experience. The board has also been reconstituted, and relevant disclosures have been made as per SEBI regulations.
Key Highlights
- Independent Director Hari Athawale completes tenure on August 11, 2026.
- Non-Executive Director Prafulla Shirgaokar resigns effective August 11, 2026.
- Prafulla Shirgaokar appointed Chairman Emeritus from August 12, 2026.
- Board of Directors has been reconstituted.
- Disclosures filed as per SEBI Listing Obligations and Disclosure Requirements.
Price Impact
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