Summary of Key Information:
Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 of SEBI LODR Regulations
Audit Opinion:
Limited Review Report issued by S S Kothari Mehta & Co. LLP, Chartered Accountants. Unmodified opinion with emphasis of matter regarding the Composite Scheme of Arrangement.
Auditor’s Comment:
The auditors drew attention to Note 3 regarding the Composite Scheme of Arrangement approved by Hon'ble NCLT, which became effective on May 19, 2026. The amalgamation of Sir Shadi Lal Enterprises Limited with the Company was approved w.e.f. April 1, 2025, and the demerger of Power Transmission Business undertaking was approved w.e.f. April 1, 2026. The accounting effect of the amalgamation was considered in FY 2025-26, and comparative figures were restated. The demerger was accounted for in the current quarter, with operations of the PTB undertaking of comparative periods classified as "Discontinued operations."
Key Financial Highlights [₹ in crores]:
Standalone Results:
Revenue from Operations: ₹1,949.91 (Q1 FY27) vs ₹1,733.89 (Q1 FY26) - Increase of 12.45% YoY
Total Income: ₹1,956.30 (Q1 FY27) vs ₹1,741.32 (Q1 FY26)
Net Profit/(Loss): (₹1.72) loss (Q1 FY27) vs ₹167.39 profit (Q1 FY26)
EPS: (₹0.08) basic and diluted for continuing and discontinued operations (Q1 FY27) vs ₹7.60 (Q1 FY26)
Other Equity: Not specified for current quarter
Consolidated Results:
Revenue from Operations: ₹1,950.14 (Q1 FY27) vs ₹1,733.85 (Q1 FY26) - Increase of 12.47% YoY
Total Income: ₹1,960.58 (Q1 FY27) vs ₹1,744.70 (Q1 FY26)
Net Profit: ₹3.65 (Q1 FY27) vs ₹167.45 (Q1 FY26) - Decrease of 97.82% YoY
EPS: ₹0.17 basic and diluted for continuing and discontinued operations (Q1 FY27) vs ₹7.60 (Q1 FY26)
Other Equity: ₹3,320.94 (as of March 31, 2026)
Segment-wise Performance [₹ in crores]:
Standalone Segment Revenue (Q1 FY27):
Sugar & Allied Businesses: ₹1,977.46
- Sugar: ₹1,234.68
- Distillery: ₹742.78
Engineering Business: ₹42.74
- Water: ₹42.74
Others: ₹55.58
Standalone Segment Results (Q1 FY27):
Sugar & Allied Businesses: ₹44.33
- Sugar: ₹13.78
- Distillery: ₹30.55
Engineering Business: ₹1.70
- Water: ₹1.70
Others: ₹0.02
Consolidated Segment Revenue (Q1 FY27):
Sugar & Allied Businesses: ₹1,977.46
- Sugar: ₹1,234.68
- Distillery: ₹742.78
Engineering Business: ₹42.74
- Water: ₹42.74
Others: ₹55.58
Consolidated Segment Results (Q1 FY27):
Sugar & Allied Businesses: ₹44.33
- Sugar: ₹13.78
- Distillery: ₹30.55
Engineering Business: ₹1.53
- Water: ₹1.53
Others: ₹0.02
Corporate Actions:
- The Board approved the revision in remuneration payable to Mr. Tarun Sawhney, Vice Chairman & Managing Director (DIN: 00382878) with effect from August 1, 2026, till September 30, 2028, subject to shareholder approval.
- The Board approved the appointment of Mr. Vivek Viswanathan (DIN: 00141053) as Additional Director designated as Whole-time Director and Key Managerial Personnel for five years with effect from August 1, 2026, subject to shareholder approval.
- Noted the allotment of equity shares by Triveni Power Transmission Ltd. (TPTL) on July 28, 2026, to eligible shareholders of the Company as on record date July 22, 2026, in the share entitlement ratio of 1 equity share of TPTL (face value ₹2) for every 3 equity shares of the Company (face value ₹1).
Other Significant Information:
- The Composite Scheme of Arrangement was approved by Hon'ble NCLT and became effective on May 19, 2026.
- The amalgamation of Sir Shadi Lal Enterprises Limited with the Company was approved w.e.f. April 1, 2025, and accounted for in Q4 FY26. The Company issued 1,465,048 equity shares of ₹1 each to eligible shareholders of SSEL.
- The demerger of Power Transmission Business undertaking of the Company and its vesting into Triveni Power Transmission Limited was approved w.e.f. April 1, 2026.
- Operations of PTB undertaking for comparative periods have been classified as "Discontinued operations" in accordance with Ind AS 105.