Ponni Sugars (Erode) logo

Ponni Sugars (Erode) MD, chairman, board of directors and AGM

NSE: PONNIERODEBSE: 532460Agricultural Food & other ProductsSmall Cap

Last close ₹332.70down ₹7.70 (2.26%)BSE ₹331.70

Share price at the NSE close on 23 Oct 2026. Previous close ₹340.40.

52-week range of traded prices to 23 Oct 2026
₹252.40Low, 5 Feb 2026₹455.00High, 24 Aug 2026
Market cap
₹286 Cr2,267th largest listed
P/E
5.8
P/E without one-offs
104.0
P/B
0.5
Dividend yield
1.50%
ROE
9.0%
ROE without one-offs
0.5%
ROCE
5.5%
Debt to equity
0.00
Volume, NSE
2,22,57124.9% delivered

Ponni Sugars (Erode) board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonGOPALARATNAM
  • Managing directorRAMANATHAN NARAYANAN
  • Company Secretary and Compliance OfficerR MADHUSUDHAN

8 directors4 independent1 executive3 non-executive

  • GOPALARATNAM · ChairpersonNon-executive · joined Dec 1996 · reappointed Jun 2026 · 3 listed boards · 3 committee seats, 2 as chair
  • RAMANATHAN NARAYANAN · Managing directorExecutive · joined Apr 2005 · reappointed Apr 2026 · 1 listed board · 1 committee seat
  • ARUN G BIJURNon-executive · joined Dec 1996 · reappointed Jun 2024 · 1 listed board · 1 committee seat
  • BHARTI CHHOTUBHAI PITHAWALLANon-executive · joined May 2022 · reappointed Jun 2025 · 1 listed board
  • MOHAN VERGHESE CHUNKATHIndependent · joined May 2022 · reappointed May 2022 · 52 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
  • PALANISAMY MANOHARANIndependent · joined Oct 2022 · reappointed Oct 2022 · 48 months as independent · 1 listed board · 1 as independent
  • LAKSHMI NADKARNIIndependent · joined Mar 2024 · reappointed Mar 2024 · 30 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 1 as chair
  • CHELLAMANI NARESHIndependent · joined Mar 2024 · reappointed Mar 2024 · 30 months as independent · 1 listed board · 1 as independent · 2 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 24 Jul 20268 of 8 present4 independent · 73 days in between
    • 11 May 20268 of 8 present4 independent

  • Audit Committee

    Chair MOHAN VERGHESE CHUNKATH

    CHELLAMANI NARESH, LAKSHMI NADKARNI, ARUN G BIJUR

    • 24 Jul 20264 of 4 present3 independent · 73 days in between
    • 11 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair LAKSHMI NADKARNI

    MOHAN VERGHESE CHUNKATH, GOPALARATNAM

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair GOPALARATNAM

    RAMANATHAN NARAYANAN, CHELLAMANI NARESH

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair GOPALARATNAM

    RAMANATHAN NARAYANAN, CHELLAMANI NARESH

    • 24 Jul 20263 of 3 present1 independent

  • Finance Committee

    Chair CHELLAMANI NARESH

    RAMANATHAN NARAYANAN, ARUN G BIJUR

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • S Viswanathan LLPPeer-review certificate valid to Mar 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Ponni Sugars (Erode) AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Ponni Sugars (Erode) dividend history

Annual general meeting, 24 Jun 2026

17,374 shareholders on the register on 17 Jun 2026; present: 7 promoters and 54 others; votes counted by A S KALYANARAMAN / A S KALYANARAMAN.The company's voting result (opens in a new tab)

  1. Adoption of financial statements for the financial year 2025-26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 47.61% · promoters 100.00% · institutions 0.00% · other public 0.63%

  2. Declaration of Dividend for the financial year 2025-26
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 47.61% · promoters 100.00% · institutions 0.00% · other public 0.63%

  3. Reappointment of retiring director Mr. N Gopalaratnam (DIN: 00001945)
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 47.61% · promoters 100.00% · institutions 0.00% · other public 0.63%

  4. Commission to Non-Executive Directors
    OrdinaryPromoters have an interest in it
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.04%

    Turnout: all 47.61% · promoters 100.00% · institutions 0.00% · other public 0.63%

  5. Remuneration to Cost Auditors for the financial year 2026-27
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 47.61% · promoters 100.00% · institutions 0.00% · other public 0.63%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 27 Mar 2026, 1 resolution

17,944 shareholders on the register on 20 Feb 2026; votes counted by A S KALYANARAMAN / A S KALYANARAMAN.The company's voting result (opens in a new tab)

  1. Approval for reappointment of Mr. Ramanathan Narayanan (DIN: 00001033) as Managing Director
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.02%

    Turnout: all 47.62% · promoters 100.00% · institutions 0.00% · other public 0.67%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 4 Dec 2025, 1 resolution

18,467 shareholders on the register on 31 Oct 2025; votes counted by A S KALYANARAMAN / A S KALYANARAMAN.The company's voting result (opens in a new tab)

  1. Approval for Comprehensive Memorandum of Understanding with Seshasayee Paper and Boards Limited for undertaking Material Related Party Transactions
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 3.33% · promoters 0.00% · institutions 0.00% · other public 7.88%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 11 Jun 2025, 5 resolutions

18,786 shareholders on the register on 4 Jun 2025; present: 7 promoters and 57 others; votes counted by A S KALYANARAMAN / A S KALYANARAMAN.The company's voting result (opens in a new tab)

  1. ADOPTION OF FINANCIAL STATEMENTS FOR FY 2024-25
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 47.78% · promoters 100.00% · institutions 0.00% · other public 1.06%

  2. DECLARATION OF DIVIDEND FOR FY 2024-25
    OrdinaryPromoters have an interest in it
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.48%

    Turnout: all 47.78% · promoters 100.00% · institutions 0.00% · other public 1.06%

  3. REAPPOINTMENT OF MRS. BHARTI CHHOTUBHAI PITHAWALLA (DIN: 00341382) RETIRING BY ROTATION
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 47.78% · promoters 100.00% · institutions 0.00% · other public 1.06%

  4. APPOINTMENT OF SECRETARIAL AUDITOR FOR A TERM OF FIVE CONSECUTIVE FINANCIAL YEARS FROM 2025-26 TO 2029-30
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 47.78% · promoters 100.00% · institutions 0.00% · other public 1.06%

  5. REMUNERATION TO COST AUDITORS FOR FY 2025-26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 47.78% · promoters 100.00% · institutions 0.00% · other public 1.06%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 5 Jun 2024, 5 resolutions

Present: 6 promoters and 44 others.The company's voting result (opens in a new tab)

  1. ADOPTION OF FINANCIAL STATEMENTS FOR FY 2023-24
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 42.59% · promoters 100.00% · institutions 0.00% · other public 0.65%

  2. DECLARATION OF DIVIDEND FOR FY 2023-24
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 42.59% · promoters 100.00% · institutions 0.00% · other public 0.65%

  3. REAPPOINTMENT OF MR. ARUN G BIJUR (DIN:00024434) RETIRING BY ROTATION
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 42.59% · promoters 100.00% · institutions 0.00% · other public 0.65%

  4. RECLASSIFICATION OF THE STATUS OF MR. BIMAL K PODDAR FROM 'PROMOTER' TO 'PUBLIC' CATEGORY
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 42.59% · promoters 100.00% · institutions 0.00% · other public 0.65%

  5. REMUNERATION TO COST AUDITORS FOR FY 2024-25
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 42.59% · promoters 100.00% · institutions 0.00% · other public 0.65%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 12 Mar 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Dr. Lakshmi Nadkarni (DIN 07076164) as an Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 45.52% · promoters 100.00% · institutions 0.00% · other public 9.08%

  2. Appointment of Mr. Chellamani Naresh (DIN 10474276) as an Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 45.52% · promoters 100.00% · institutions 0.00% · other public 9.08%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 21 Jun 2023, 5 resolutions

Present: 6 promoters and 50 others.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements for FY 2022-23
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 45.94% · promoters 100.00% · institutions 1.81% · other public 9.20%

  2. Declaration of Dividend for FY 2022-23
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 45.95% · promoters 100.00% · institutions 1.81% · other public 9.21%

  3. Reappointment of retiring Director - Mr N Gopala Ratnam
    SpecialPromoters have an interest in it
    99.07% for0.93% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.22%

    Turnout: all 45.94% · promoters 100.00% · institutions 1.81% · other public 9.20%

  4. Commission to Non-Executive Directors
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.24%

    Turnout: all 45.94% · promoters 100.00% · institutions 1.81% · other public 9.20%

  5. Remuneration to Cost Auditor
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 45.94% · promoters 100.00% · institutions 1.81% · other public 9.20%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 12 Mar 2023, 1 resolution

The company's voting result (opens in a new tab)

  1. Reappointment of Mr. N Ramanathan (DIN: 00001033) as Managing Director for a period of 3 (three) years from 01-04-2023 to 31-03-2026
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 44.68% · promoters 100.00% · institutions 1.80% · other public 5.53%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Fines and tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Fine or penaltyChief Judicial Magistrate (CJM) Court, NamakkalSince 16 Sep 2026

    Chief Judicial Magistrate (CJM) Court, Namakkal passed order under Section 92 of Factories Act, 1948 imposing a fine of Rs.10,000/- each on the Occupier and Manager of the company under the said Act.

    Contravention to provisions of the Section 7A(1) & (2) read with Section 41 of the Factories Act, 1948 and Rules 61E & 61F of the Tamil Nadu Factories Rules, 1950 in relation to an accident to one contract employee who suffered partial permanent disablement.MoreLess
  • Tax disputeOffice of the Additional Commissioner of Income Tax, (Transfer Pricing) (CIT-TP), ChennaiSince 29 Jan 2026
    Dispute Resolution Panel (DRP) heard this matter on 25.08.2026 and 22.09.2026. Notes on arguments filed. Order awaited.
    At the filing before: The Company received on 29.01.2026 an Order dated 28.01.2026 from Transfer Pricing Officer (TPO) u/s 92 CA (3) of the Income Tax Act, 1961 for the AY 2023-24 proposing adjustment for fuel cost and sale price of power in respect of transactions between sugar and cogeneration segments of the company. Together TPO had proposed a reduction in eligible profits by Rs.34.05 Crores as against the company’s original computation of Rs.24.70 Crores. TPO has further advised the assessing officer to invoke penalty u/s 271AA for non-reporting of transaction with an associate company, if deemed fit. In Continuation of order of TPO, the Company received on 22.02.2026, the draft assessment order dated 22.02.2026 passed by the Assessment Unit , Income Tax Department. In response, the Company filed its objections to the aforesaid draft asessment order with Dispute Resolution Panel on 23.03.2026.MoreLess
  • Tax disputeOffice of the Commissioner of Income Tax, (Transfer Pricing) (CIT-TP), ChennaiSince 27 Mar 2026
    As on 30th September 2026, this case is pending and not posted for further hearing by Hon'ble High Court of Madras.
    At the filing before: The Company received on 27.03.2026 an Order dated 27.03.2026 from Commissioner of Income Tax (Transfer Pricing) (CIT-TP), Chennai u/s 263 of the Income Tax Act, 1961 directing the TPO to revise the earlier order dated 26.10.2023 for AY 2021-22. In this order, CIT-TP has set aside only the issue of determination of the Arm's Length Price (ALP) of inter unit transfer of bagasse from sugar unit to the eligible co-gen unit and directed the TPO to pass the order in this regard after applying correct law and giving due opportunity of being heard to the assesse. The methodology followed for transfer pricing in the view of the company is not legally tenable that however has a material financial bearing. Writ Petition before Hon'ble High Court of Madras was filed praying to quash the order dt.27.03.2026 passed by CIT-TP and to grant interim stay of operation of the aforesaid order. The Company received on 26.05.2026 from its legal counsel, copy of interim order dated 27.04.2026 passed by the Hon'ble High Court of Madras admitting the Writ Petition. In this order, Hon'ble High Court has directed the TPO to pass appropriate orders pursuant to CIT-TP order dt.27.03.2026. However, the effect and operation of the order to be passed by the TPO shall remain subject to the final outcome of this Writ Petition and shall be without prejudice to the rights and contentions of the Company in this Writ Petition. In furtherance to the above, Counter Affidavit has been filed by Income Tax Department.MoreLess
  • Tax disputeAdditional Commissioner of Goods and Services Tax (GST) and Central Excise, Coimbatore (AC-GST)Since 28 Apr 2026
    As on 30th September 2026, Adjudicating Authority not posted this matter for personal hearing.
    At the filing before: The Company has received a demand cum show cause notice dated 28.04.2026 from Additional Commissioner of Goods and Services Tax (GST) and Central Excise alleging contravention by the company to the provisions of CGST Act, 2017/TNGST Act, 2017 in relation to wrong availing of Input Tax Credit on the Co-Generation Power Plant and other services and non-payment of GST on certain services. In the view of the company, the demands raised in the show cause notice are not legally tenable. The company had submitted detailed reply to the show cause notice on 25.05.2026.MoreLess
  • Tax disputeThe State of Tamil Nadu Energy Department, Tamil Nadu Electricity Board & othersSince 27 Nov 2018
    This case along with other batch of cases listed before Hon'ble Supreme Court on 23.09.2026 and 07.10.2026. Next hearing is posted on 18.11.2026.
    At the filing before: Electricity tax levied on captive consumption. Writ Petition filed in Hon’ble Madras High Court dismissed along with similar petitions in batch in June 2012 Special Leave Petition (SLP) filed in Hon'ble Supreme Court in 2012 and leave granted on 27/11/2018.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.