Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI Listing Regulations

Audit Opinion:

Clean Limited Review Report - No qualifications or modifications

Key Financial Highlights [₹ in Lakhs]:

Standalone Results:

Revenue from Operations: ₹3,471.56 (Q1 FY27) vs ₹2,407.01 (Q1 FY26) - 44.2% YoY increase

Total Income: ₹3,520.33 (Q1 FY27) vs ₹2,453.29 (Q1 FY26)

Net Profit: ₹93.84 (Q1 FY27) vs ₹130.42 (Q1 FY26) - 28.0% YoY decrease

EPS: ₹0.007 (Basic and Diluted) vs ₹0.014 (Q1 FY26)

Other Equity: Not specified for current quarter; FY26: ₹35,968.48

Expense Breakdown:

  • Cost of materials consumed: ₹1,230.38
  • Changes in inventories: ₹319.57
  • Employee benefits expense: ₹195.20
  • Finance Cost: ₹718.92
  • Depreciation and amortization: ₹317.67
  • Other expenses: ₹374.88
  • Power & Fuel: ₹235.61

Tax Expenses:

  • Current year: ₹35.64
  • Deferred tax: (₹1.39)

Segment-wise Performance [₹ in Lakhs]:

Segment Revenue Q1 FY27:

  • Sugar: ₹4.20
  • Co Generation: ₹0.00
  • Aviation: ₹0.00
  • Distillery: ₹3,507.66
  • Others: ₹8.47

Segment Results (Profit/Loss before tax, interest and exceptional items):

  • Sugar: (₹441.80)
  • Co Generation: (₹273.02)
  • Aviation: (₹22.13)
  • Distillery: ₹1,583.96

Segment Assets Q1 FY27:

  • Sugar: ₹48,238.92
  • Co Generation: ₹9,004.49
  • Aviation/others: ₹298.77
  • Distillery: ₹29,926.01
  • Total: ₹87,468.19

Segment Liabilities Q1 FY27:

  • Sugar: ₹24,904.64
  • Co Generation: ₹20.47
  • Aviation/others: ₹484.07
  • Distillery: ₹11,549.89
  • Total: ₹36,959.07

Corporate Actions:

The Board approved the issue and allotment of 10,64,11,079 Convertible Warrants for an aggregate amount of ₹40,11,69,768 at an issue price of ₹3.77 per Convertible Warrant by way of preferential issue to promoters:

  • Mr. Ganesh Shivashankarappa Shamanur, Promoter
  • Mr. Abhijith Ganesh Shamanur, Promoter

This approval supersedes the previous proposal for conversion of loans into Equity Shares and/or Convertible Warrants that was approved in the Board Meeting dated July 28, 2026.

The issuance is subject to approval of shareholders and receipt of applicable statutory and regulatory approvals under SEBI (ICDR) Regulations, 2018 and Companies Act, 2013.

Other Significant Information:

  • The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS 34)
  • Due to seasonal nature of the industry, quarterly results may not reflect annual profitability
  • Previous periods' figures have been regrouped/reclassified for comparability

Notes:

1. The standalone financial results were approved by the Board of Directors on August 14, 2026 after review and recommendation by the audit committee

2. The statutory auditors have carried out a limited review of these financial results

3. Paid-up Equity Share Capital: ₹14,299.91 lakhs (Nominal value ₹1 per Share)