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Shree Renuka Sugars Appoints Susheel Kumar Kamboj as MD & CEO; Atul Chaturvedi to Step Down
Shree Renuka Sugars has announced a significant leadership transition effective April 1, 2026. Mr. Susheel Kumar Kamboj, who has over 20 years of experience in agribusiness and was previously the MD of Syngenta India, will take over as Managing Director and CEO for a five-year term. The current Executive Chairman, Mr. Atul Chaturvedi, will transition to a Non-Executive Director role due to age-related reasons. Additionally, Mr. Madhu Rao, an Independent Director, has been designated as the new Chairman of the Board.
Key Highlights
Susheel Kumar Kamboj appointed as MD & CEO for a 5-year term starting April 1, 2026.
Atul Chaturvedi transitions from Executive Chairman to Non-Executive Director effective April 1, 2026.
Madhu Rao, an Independent Director and former CFO of Shangri-La Hotels, appointed as Board Chairman.
Mr. Kamboj to assume the CEO role early on March 23, 2026, before taking the MD position.
Leadership changes are subject to shareholder approval via a forthcoming Postal Ballot.
💼 Action for Investors
Investors should monitor the strategic direction under the new CEO, Mr. Kamboj, given his extensive background in agribusiness and market expansion. The appointment of an Independent Director as Chairman is a positive step for corporate governance.
Shree Renuka Sugars Appoints Susheel Kumar Kamboj as MD & CEO; Atul Chaturvedi Steps Down as Chair
Shree Renuka Sugars has announced a major leadership transition effective from late March and April 2026. Mr. Susheel Kumar Kamboj, who has over 20 years of experience in agribusiness, will take over as CEO on March 23 and as MD & CEO for a 5-year term starting April 1, 2026. Concurrently, Mr. Atul Chaturvedi will transition from Executive Chairman to a Non-Executive Director role, while Independent Director Mr. Madhu Rao will assume the Chairmanship. These changes are subject to shareholder approval via postal ballot.
Key Highlights
Susheel Kumar Kamboj appointed as MD & CEO for a 5-year term starting April 1, 2026
Atul Chaturvedi transitions from Executive Chairman to Non-Executive Director effective April 1, 2026
Madhu Rao, an Independent Director and former CFO of Shangri-La, named new Chairman of the Board
New CEO Susheel Kumar Kamboj brings 20+ years of leadership experience from Syngenta and Mahyco
Appointments are subject to shareholder approval through a forthcoming postal ballot
💼 Action for Investors
Investors should monitor the transition and look for any shifts in strategic direction under the new CEO, particularly regarding the company's ethanol and sugar segments. The planned nature of the transition suggests operational stability.
Shree Renuka Sugars Seeks Approval for ₹25,627 Cr Related Party Transactions for FY 2026-27
Shree Renuka Sugars has issued a postal ballot notice to seek shareholder approval for material related party transactions (RPTs) totaling approximately ₹25,627 crore for the financial year 2026-27. The largest proposed transaction is with Wilmar Sugar Pte. Ltd. for ₹20,625 crore, involving the purchase and sale of sugar and commodity derivatives. Additionally, transactions worth ₹3,002 crore and ₹2,000 crore are planned with Wilmar Sugar India and Wilmar Agri Trading DMCC, respectively. These transactions are essential for the company's operations as they involve its parent group, Wilmar, which is a global leader in the sugar industry.
Key Highlights
Proposed RPT with Wilmar Sugar Pte. Ltd. (WSPL) valued at ₹20,625 crore for sugar trade and derivatives.
Proposed RPT with Wilmar Sugar India Private Limited (WSIPL) valued at ₹3,002 crore for sugar and RoDTEP scrips.
Proposed RPT with Wilmar Agri Trading DMCC (WATD) valued at ₹2,000 crore for sugar sales.
E-voting period is scheduled from March 10, 2026, to April 8, 2026, with results by April 10, 2026.
Transactions are intended to cover the entire financial year 2026-27 and require ordinary resolutions.
💼 Action for Investors
Investors should monitor the voting results as these transactions are critical for the company's supply chain and revenue. It is important to ensure these high-value transactions with the parent group are conducted at arm's length.
Shree Renuka Sugars Q3 Results: Net Loss Narrows to ₹23.8 Cr; Returns to PBT of ₹37.5 Cr
Shree Renuka Sugars reported a significant improvement in its financial health for the quarter ended December 31, 2025, with a net loss of ₹23.8 crore, narrowing sharply from a loss of ₹195.3 crore in the same period last year. Despite a 13% YoY decline in revenue to ₹2,112 crore, the company achieved a turnaround at the pre-tax level, posting a Profit Before Tax (PBT) of ₹37.5 crore. The sugar refinery segment was the standout performer, contributing ₹233.6 crore to segment results, while the company's net worth has notably turned positive to ₹848.3 crore from a negative position a year ago.
Key Highlights
Net loss narrowed to ₹23.8 crore in Q3 FY26 compared to a loss of ₹195.3 crore in Q3 FY25.
Achieved a Profit Before Tax (PBT) of ₹37.5 crore, reversing a loss of ₹224.3 crore in the year-ago quarter.
Revenue from operations stood at ₹2,112 crore, down from ₹2,428.2 crore in the corresponding quarter last year.
Sugar refinery segment profit rose to ₹233.6 crore, offsetting a loss of ₹35.7 crore in the sugar milling division.
Finance costs saw a reduction to ₹159.3 crore from ₹174.2 crore YoY, aiding the bottom-line recovery.
💼 Action for Investors
Investors should view the return to PBT and the positive shift in net worth as strong indicators of an operational turnaround. The stock remains a watch for further consistency in the refinery and distillery segments which are currently driving profitability.
Shree Renuka Sugars Q3 FY26: Net Loss Narrows to ₹238 Mn; PBT Turns Positive at ₹375 Mn
Shree Renuka Sugars reported a significant narrowing of its standalone net loss to ₹238 million for the quarter ended December 31, 2025, compared to a loss of ₹1,953 million in the previous year. While revenue from operations declined by 13% YoY to ₹21,120 million, the company achieved a positive Profit Before Tax (PBT) of ₹375 million. The turnaround was primarily driven by the Sugar Refinery segment, which contributed ₹2,336 million to the segment results. However, the Sugar Milling segment continued to face challenges, reporting a loss of ₹357 million during the quarter.
Key Highlights
Standalone Net Loss narrowed significantly to ₹238 million in Q3 FY26 from ₹1,953 million in Q3 FY25.
Revenue from operations stood at ₹21,120 million, a decline of 13% compared to ₹24,282 million in the year-ago period.
Achieved a positive Profit Before Tax (PBT) of ₹375 million against a loss of ₹2,243 million in Q3 FY25.
Sugar Refinery segment was the top performer with a segment result of ₹2,336 million, while Sugar Milling reported a loss of ₹357 million.
Finance costs remained a significant burden at ₹1,593 million, although they decreased slightly from ₹1,742 million YoY.
💼 Action for Investors
Investors should monitor the sustained performance of the refinery segment which is currently offsetting milling losses. While the reduction in losses is a positive sign, the company's high debt-to-equity ratio and interest costs remain key risks to long-term profitability.