Bannari Amman Sugars Independent Director Resigns Over Regulatory Test Lapse

The latest update is out from Bannari Amman Sugars Limited ( (IN:BANARISUG) ).

Bannari Amman Sugars Limited has announced the resignation of independent director M. Ponnuswami from the board, effective April 17, 2026. His departure stems from his inability to complete the mandatory online proficiency self-assessment test for independent directors within the prescribed regulatory timeline under Indian company law.

As a result of his resignation, Ponnuswami will also step down from the Stakeholders Relationship Committee and the Risk Management Committee with effect from the same date. The board has formally recorded its appreciation for his contributions, and the company has confirmed there are no other material reasons for his resignation beyond the stated regulatory compliance issue.

More about Bannari Amman Sugars Limited

Bannari Amman Sugars Limited is an Indian sugar manufacturer based in Coimbatore, Tamil Nadu, operating in the sugar and related agro-based products industry. The company is listed on major Indian exchanges and focuses on serving domestic demand for sugar and associated products, positioning itself as a key regional player in the sector.

Average Trading Volume: 27

Technical Sentiment Signal: Strong Buy

Current Market Cap: 47B INR

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