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Prudential Sugar Corporation LimitedImportant, 06-02-2025: General Updates

06-02-2025 | 01:30 pm

Prudential Sugar Corporation Limited received a warning letter from the National Stock Exchange regarding a compliance issue. The company failed to submit a notice for its Extraordinary General Meeting (EGM), scheduled for October 18, 2024, to the Stock Exchange within the required 12 hours. This non-compliance was noted after the company belatedly disclosed the notice on January 30, 2025, following intervention by the Exchange. The NSE emphasized the seriousness of this lapse, urging the company to take corrective measures and ensure timely compliance with regulations moving forward. The company must disseminate this warning letter to the Stock Exchanges where it is listed and report the corrective actions to its Board of Directors.

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