Piccadily Sugar & Allied Industries Board Approves Director Appointments and Committee Restructuring
Piccadily Sugar & Allied Industries Ltd has announced key outcomes from its Board of Directors meeting held on May 8, 2026, detailing changes in its board composition, including the appointment of a new independent director and the acceptance of a resignation.The Board unanimously approved the appointment of Ms. Renu Rawat (DIN: 08161739) as an Additional Non-Executive Independent Director. The appointment is effective from May 8, 2026, for a term of five years, pending shareholder approval.
Ms. Renu Rawat, whose education includes a Bachelor of Arts from Punjab University, is confirmed to be not related to any Director, Key Managerial Personnel, or Promoters of the company. She is also not debarred from holding the office of Director by virtue of any order passed by SEBI or any other such authority. Furthermore, she is not a director in any listed company (SYSCHEM(INDIA) LIMITED).
Acceptance of Resignation
Simultaneously, the Board approved the resignation of Ms. Ramneek Kaur (DIN: 10083512) from the post of Non-Executive Independent Director. Her cessation, effective May 8, 2026, is due to pre-occupations and other personal commitments. The Board acknowledged her valuable guidance and contributions during her tenure.Auditor and Committee Approvals
The meeting also included the approval of the following items via Postal Ballot:1. The appointment of M/s. Rattan Kaur and Associates, Chartered Accountants (Firm Registration No. 022513N), as the Statutory Auditors of the Company, to fill a casual vacancy.
2. The appointment of Ms. Renu Rawat (DIN: 08161739) as an Additional Independent Director.
The Board also completed the reconstitution of key committees:
Committee Reconstitution Details:
| Committee | Directors and Designation |
|---|---|
| Audit Committee | Mr. Akhil Dada (Chairperson, Non-Executive Independent Director) |
| Ms. Renu Rawat (Member, Non-Executive Independent Director) | |
| Mr. Naveen Pawar (Member, Executive Director) | |
| Nomination and Remuneration Committee | Mr. Akhil Dada (Chairperson, Non-Executive Independent Director) |
| Ms. Renu Rawat (Member, Non-Executive Independent Director) | |
| Ms. Avneet Kaur (Member, Non-Executive Non-Independent Director) |
Stock Price Movement
Piccadily Sugar & Allied Industries Ltd shares settled at ₹38.77 on Friday, shedding 3.36% of its value. The stock moved through a notable intraday range, hitting a low of ₹38.15 and reaching a high of ₹40.15.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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