Summary of Key Information:

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

Nature of Filing / Announcement: Outcome of Board Meeting and Unaudited Financial Results

Audit Opinion:

Clean opinion - Statutory auditors S.R. Batliboi & Co. LLP issued limited review reports with no modifications or qualifications for both standalone and consolidated financial results.

Key Financial Highlights [₹ in crore]:

Standalone Results:

Revenue from Operations: ₹414.10 crore (vs ₹399.07 crore in Q1 FY26, +3.8% YoY)

Total Income: ₹414.63 crore

Net Profit: Loss of ₹23.21 crore (vs Profit of ₹62.98 crore in Q1 FY26)

EPS: Negative ₹5.93 (vs Positive ₹16.06 in Q1 FY26)

Consolidated Results:

Revenue from Operations: ₹415.66 crore (vs ₹400.53 crore in Q1 FY26, +3.8% YoY)

Total Income: ₹416.34 crore

Net Profit: Loss of ₹23.09 crore (vs Profit of ₹62.83 crore in Q1 FY26)

Attribution: Entire loss attributed to equity holders of the parent

EPS: Negative ₹5.90 (vs Positive ₹16.10 in Q1 FY26)

Segment-wise Performance [₹ in crore]:

Sugar Segment:

Revenue: ₹398.00 crore (Consolidated)

Segment Result: Loss of ₹17.24 crore (Consolidated)

Power Segment:

Revenue: ₹13.60 crore (Consolidated)

Segment Result: Loss of ₹4.56 crore (Consolidated)

Distillery Segment:

Revenue: ₹65.02 crore (Consolidated)

Segment Result: Profit of ₹4.37 crore (Consolidated)

Corporate Actions:

The Board approved:

1. Revised remuneration of Mr. Rakesh Kumar Gangwar (DIN: 09485856), Managing Director, for one year from August 13, 2026 to August 12, 2027, subject to shareholder approval

2. Re-appointment of Mr. Satish Agrawal (DIN: 00167589) as Non-Executive Independent Director for a second term of five years from November 3, 2026 to November 2, 2031, subject to shareholder approval

3. Notice of Postal Ballot to seek shareholder approval for the above resolutions

Other Significant Information:

  • The company's sugar and power business segments are seasonal in nature
  • Previous exceptional items related to Code on Wages, 2019 implementation resulted in reversals of ₹9.43 crore in Q4 FY26
  • Paid-up equity share capital: ₹39.12 crore (face value ₹10 per share)
  • Other Equity: ₹485.33 crore (Standalone)