Piccadily Sugar & Allied Industries Ltd — Important, 08-05-2026: Company Update

Piccadily's board has approved significant governance changes. Ms. Renu Rawat has been appointed as an Additional Independent Director for five years, pending shareholder approval. She is experienced and expected to enhance board transparency and accountability. Concurrently, Ms. Ramneek Kaur resigned as an Independent Director due to personal reasons. The board also initiated a postal ballot to appoint M/s. Rattan Kaur and Associates as Statutory Auditors and to confirm Ms. Rawat's directorship. These appointments led to a reconstitution of the Audit and Nomination and Remuneration Committees, where Ms. Rawat will serve as a member.