BANNARI AMMAN SUGARS LTD.

Bannari Amman Sugars Ltd has received an order from the District Collector, Erode, directing the recovery of ₹12.72 crore towards alleged tax and interest under the Tamil Nadu Tax on Consumption or Sale of Electricity Act, 2003. The company had previously challenged this levy via a Writ Petition in 2005, which was allowed by the High Court in 2012, subject to other related petitions. While revenue recovery proceedings were withdrawn in 2019 due to pending Supreme Court cases, fresh proceedings have now been initiated by the current District Collector. The company had requested deferral of recovery until the Supreme Court's final decision.

Bannari Amman Sugars Ltd has reported a cybersecurity incident that occurred on June 27, 2026, at approximately 4:40 PM IST. The incident affected one of the company's units, specifically the Distillery Unit in Tamil Nadu. The company stated that the attack was addressed immediately and has had no impact on the routine operations of the unit. Details of the incident have been received from CERT-In as per the Information Technology Act, 2000. This disclosure is made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Bannari Amman Sugars Ltd has announced the closure of its trading window for designated persons, effective from July 1, 2026. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct. The window will remain shut until 48 hours after the declaration of the company's quarterly financial results for the quarter ended June 30, 2026. The date of the board meeting to consider these results will be communicated separately.

The Board of Directors of Bannari Amman Sugars Ltd approved the audited financial results for the financial year 2025-26 and recommended a dividend of ₹12.50 per equity share of ₹10 each, subject to shareholder approval at the upcoming Annual General Meeting. The board also approved the appointment of internal auditors M/s Nandakumar & Sundaran and M/s BM & Associates for the financial year 2026-2027, and the appointment of Sri M Nagarajan as Cost Auditor for the same period. The 42nd Annual General Meeting is scheduled for September 23, 2026, via video conferencing, with a record date of September 16, 2026.

Bannari Amman Sugars Ltd has re-appointed M/s Nandakumar & Sundaran, Chartered Accountants and M/s BM & Associates, Chartered Accountants as internal auditors for the financial year 2026-2027. Additionally, Sri M Nagarajan, Cost Accountant, has been re-appointed as the cost auditor for the same period. These appointments follow the recommendation of the Audit Committee and comply with SEBI Listing Regulations.

Bannari Amman Sugars Ltd's board meeting on May 27, 2026, approved the audited financial results for the quarter and financial year ended March 31, 2026. The board recommended a dividend of ₹12.50 per equity share of ₹10 each for FY26, subject to shareholder approval. They also approved the appointment of M/s Nandakumar & Sundaran and M/s BM & Associates as internal auditors for FY 2026-2027, and Sri M Nagarajan as Cost Auditor for FY 2026-2027. The 42nd Annual General Meeting is scheduled for September 23, 2026, via video conferencing, with a record date of September 16, 2026.

The Board of Directors of Bannari Amman Sugars Ltd is scheduled to convene on May 27, 2026, to consider the audited financial results for the quarter and year ended March 31, 2026. The board will also consider recommending a dividend of ₹12.50 per equity share. Additionally, the board approved the appointment of internal auditors M/s Nandakumar & Sundaran, Chartered Accountants and M/s BM & Associates, Chartered Accountants for the financial year 2026-2027, and the appointment of Sri M Nagarajan, Cost Accountant as Cost Auditor for the financial year 2026-2027. The 42nd Annual General Meeting is scheduled for September 23, 2026, via video conferencing, with a record date of September 16, 2026.

Sri S Sathish Kumar, Vice President of Unit-2 at Bannari Amman Sugars Ltd, has resigned from his position due to personal reasons. The resignation was tendered on February 27, 2026, and accepted with effect from the close of business hours on the same date. The company has disclosed this information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Bannari Amman Sugars Ltd has announced that a meeting of the Board of Directors is scheduled for May 27, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026. The board will also consider recommending a dividend, if any, for the financial year ended March 31, 2026. The trading window remains closed from April 1, 2026, to May 29, 2026.

Bannari Amman Sugars Ltd announced the resignation of Sri M Ponnuswami (DIN:00015847) from his position as Independent Director, effective April 17, 2026. The resignation stems from his inability to appear for the online proficiency self-assessment test within the timelines stipulated under Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014. Consequently, Mr. Ponnuswami will also cease to be a member of the Stakeholders' Relationship Committee and Risk Management Committee of the company from the same date. The Board of Directors acknowledged and appreciated his valuable contributions during his tenure.