Bannari Amman Sugars Limited Independent Director Announces Resignation
Bannari Amman Sugars Limited confirmed the resignation of Independent Director Sri M Ponnuswami, effective April 17, 2026. The resignation follows his inability to appear for the mandatory online proficiency self-assessment test within the timeline stipulated by the Companies (Appointment and Qualification of Directors) Rules, 2014.The company stated that with the effect of April 17, 2026, Mr. M Ponnuswami (DIN: 00015847) would cease to be an Independent Director and would also vacate his membership on the Stakeholders' Relationship Committee and the Risk Management Committee of the company.
The Board of Directors noted the value of Mr. Ponnuswami’s contributions during his tenure as an Independent Director. Furthermore, it was confirmed that the resigning director does not hold directorships in any other listed entity.
For quick reference, the key details of the change in directorship are as follows:
| Detail | Information |
|---|---|
| Director | Sri M Ponnuswami (DIN: 00015847) |
| Date of Cessation | April 17, 2026 |
| Reason | Non-appearance for Online Proficiency Self-Assessment Test within the stipulated timeline. |
| Additional Confirmation | The director confirmed that there are no material reasons for his resignation other than those mentioned. |
BANARISUG Stock Price Movement
Today, Bannari Amman Sugars Limited shares slipped by 0.19% to close at ₹3613.4. The stock saw a total traded volume of 329 shares, closing below its day's trading range.Source:
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