Shree Renuka Sugars Limited has announced a change in its Compliance Officer role, effective October 30, 2026. Mr. Sunil Ranka, currently the Chief Financial Officer, will now also serve as the Compliance Officer. This appointment follows the cessation of CS Deepak Manerikar from this specific role, though he will continue as Company Secretary. The change aligns with SEBI’s Listing Obligations and Disclosure Requirements.
Leadership Transition in Compliance
Shree Renuka Sugars Limited has officially notified a change in its key compliance function. Effective October 30, 2026, Mr. Sunil Ranka, who holds the position of Chief Financial Officer, has been appointed as the Company’s Compliance Officer. This strategic appointment is in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Details of the Appointment
The decision for Mr. Ranka’s appointment was approved by the Board of Directors, based on the recommendation of the Nomination and Remuneration Committee. This transition sees Mr. Ranka assume the responsibilities of Compliance Officer, a role crucial for ensuring the company’s adherence to regulatory frameworks. The effective date for this change is October 30, 2026.
Continued Role for CS Deepak Manerikar
Concurrently, CS Deepak Manerikar will be stepping down from his role as Compliance Officer. However, he will continue to serve Shree Renuka Sugars Limited in his capacity as the Company Secretary. His position as Company Secretary is recognized as a Key Managerial Personnel (KMP) under the Companies Act, 2013, underscoring his ongoing importance to the company’s governance structure.
Mr. Sunil Ranka’s Profile
Mr. Sunil Ranka brings a wealth of experience to his new role, boasting over 41 years in finance. His expertise spans treasury, accounting, taxation, auditing, assurance, internal control, and corporate governance. He has a proven track record of implementing ERP-based accounting systems and has held senior finance leadership positions at prominent companies such as Reliance Jio, Suzlon Energy, Hutchison-Max Telecom, and Vodafone India & UK, among others. His qualifications include a B. Com., CA, CS, CWA, and LL.B.
Annexure Information
Further details regarding the appointment of Mr. Sunil Ranka as Compliance Officer and the cessation of CS Deepak Manerikar from this role are provided in Annexure-1 of the disclosure. This annexure details the reasons for the change, the effective dates, and brief profiles as required by the SEBI regulations.
Source: BSE
