Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting and Unaudited Financial Results under SEBI LODR Regulations 30 and 33

Audit Opinion:

Limited Review Report issued by S.R. Batliboi & Co. LLP. The report states that based on their review, nothing has come to their attention that causes them to believe that the accompanying Statement contains any material misstatement. The opinion is clean and unmodified.

Auditor’s Comment:

The auditors highlighted that the statement includes financial results in respect of an erstwhile wholly-owned subsidiary (Mawana Foods Private Limited) whose results were reviewed/audited by its independent auditor. Their conclusion on the statement, insofar as it relates to this subsidiary, is based solely on those reports.

Key Financial Highlights [Rs. in crore]:

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹385.70 (Compared to ₹428.97 in Q2 FY26, a decrease of ~10.1% YoY)
  • Total Income: ₹387.14
  • Net Profit/(Loss): (₹3.10) (Loss of ₹3.10 crore, compared to a loss of ₹16.13 crore in Q2 FY26)
  • EPS: (₹0.79) (Basic and Diluted)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹801.36 (Compared to ₹829.50 in H1 FY26, a decrease of ~3.4% YoY)
  • Total Income: ₹803.48
  • Net Profit/(Loss): (₹26.19) (Loss of ₹26.19 crore, compared to a loss of ₹29.67 crore in H1 FY26)
  • EPS: (₹6.69) (Basic and Diluted)

Other Equity: ₹443.71 as at September 30, 2026 (Compared to ₹485.55 as at March 31, 2026)

Cash and Cash Equivalents: ₹71.63 as at September 30, 2026 (Compared to ₹26.59 as at March 31, 2026)

Debt: Not Specified in the balance sheet summary provided. Current liabilities include financial liabilities, but a specific debt breakdown is not provided in the extracted data.

Segment-wise Performance [Rs. in crore]:

Segment Revenue for Q2 FY27:

  • Sugar: ₹360.60
  • Power: ₹3.84
  • Distillery: ₹35.76
  • Total Segment Revenue: ₹400.20
  • Less: Inter-segment Revenue: ₹14.50
  • Revenue from Operations: ₹385.70

Segment Results (Profit/Loss before tax, finance costs, and exceptional items) for Q2 FY27:

  • Sugar: Profit of ₹17.61 (Significant improvement from a loss of ₹6.45 in Q2 FY26)
  • Power: Loss of ₹13.16 (Loss increased from ₹8.35 in Q2 FY26)
  • Distillery: Loss of ₹1.13 (Deteriorated from a profit of ₹3.52 in Q2 FY26)
  • Total Segment Result: Profit of ₹3.32 (Improved from a loss of ₹11.28 in Q2 FY26)

Corporate Actions:

Dividend: Not declared in this announcement.

Other Corporate Actions: Not Specified

Other Significant Information:

  • The company's sugar and power business segments are seasonal.
  • The company accounted for an additional obligation of ₹2.69 crore in respect of levy molasses due to a change in molasses policy for sugar season 2025-26, as notified by the State Government of Uttar Pradesh.
  • During the previous year, two land parcels (carrying amount ₹6.42 crore) were classified as "Assets Held for Sale" and continue to be measured at the lower of carrying amount and fair value less costs to sell.
  • A previous impact of ₹5.52 crore (related to the Code on Wages, 2019) was recorded in the year ended March 31, 2026.