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Neutral impactCorporate Action

The Ugar Sugar Works Limited — Resignation

NSE 2 hrs ago·11 Aug 2026, 5:08 am

THE Ugar Sugar Works

Ugar Sugar Works Limited has announced the resignation of Mr. P V Shirgaokar as a Non-Executive Director of the company, effective August 11, 2026. The resignation is stated to be for personal reasons and does not involve any disagreement with the company's management or board.

This development is a routine corporate governance update and is unlikely to have an immediate impact on the company's operations or financial performance. However, it is important to monitor the board's composition to ensure effective oversight and strategic direction.

Investors should watch for the appointment of a new director to fill the vacancy. This will provide clarity on the continuity of the company's governance structure and any potential changes in the board's strategic outlook.