Board Meeting Outcomes
The Board of Directors meeting held on August 13, 2026 (3:40 PM to 5:20 PM) considered and approved:
- Un-Audited Financial Results for quarter ended June 30, 2026
- Notice convening 31st Annual General Meeting on Monday, September 28, 2026
- Closure of Register of Members and Share Transfer Books from Friday, September 18, 2026 to Monday, September 28, 2026 (both days inclusive)
Financial Results Summary (Quarter Ended June 30, 2026)
Income Statement:
- Revenue from operations: ₹10,706.61 lakh (compared to ₹13,305.88 lakh in Q1 FY2026)
- Other income: ₹315.80 lakh (compared to ₹186.98 lakh in Q1 FY2026)
- Total income: ₹11,022.41 lakh (compared to ₹13,492.86 lakh in Q1 FY2026)
Expenses:
- Cost of materials consumed: ₹85.33 lakh
- Changes in inventories: ₹10,321.51 lakh
- Other manufacturing expenses: ₹621.87 lakh
- Employee benefits expense: ₹483.76 lakh
- Finance costs: ₹1,201.43 lakh
- Depreciation and amortization: ₹612.81 lakh
- Other expenses: ₹279.27 lakh
- Total expenses: ₹13,605.98 lakh
Profitability:
- Profit before tax: Loss of ₹2,583.57 lakh (compared to loss of ₹1,638.66 lakh in Q1 FY2026)
- Tax expense: Nil (current tax: ₹0, deferred tax: ₹0)
- Net profit for the period: Loss of ₹2,583.57 lakh (compared to loss of ₹1,638.66 lakh in Q1 FY2026)
- Total comprehensive income: Loss of ₹2,583.57 lakh
Per Share Data (Face Value ₹2 each):
- Basic EPS: (₹1.19) [negative]
- Diluted EPS: (₹1.19) [negative]
Balance Sheet Position (As at June 30, 2026)
Assets:
- Total assets: ₹73,227.57 lakh (decreased from ₹82,775.47 lakh as at March 31, 2026)
- Non-current assets: ₹50,497.61 lakh (including Property, plant and equipment: ₹47,585.51 lakh)
- Current assets: ₹22,729.96 lakh (including Inventories: ₹14,702.14 lakh, Trade receivables: ₹2,232.74 lakh)
Liabilities and Equity:
- Total equity: ₹22,711.88 lakh (Paid-up equity share capital: ₹4,356.55 lakh, Other equity: ₹18,355.33 lakh)
- Non-current liabilities: ₹19,398.49 lakh (including Borrowings: ₹17,029.50 lakh)
- Current liabilities: ₹31,117.19 lakh (including Borrowings: ₹24,935.37 lakh)
Cash Flow Statement (Quarter Ended June 30, 2026)
- Net cash from operating activities: ₹2,014.22 lakh
- Net cash used in investing activities: ₹(280.85) lakh
- Net cash used in financing activities: ₹(1,294.24) lakh
- Net increase in cash and cash equivalents: ₹439.13 lakh
- Cash and cash equivalents at end of period: ₹694.09 lakh
Segment-wise Performance
Revenue Breakdown:
- Sugar: ₹6,106.57 lakh
- Co-generation: ₹222.63 lakh
- Distillery: ₹4,289.60 lakh
- Vinegar Unit: ₹216.12 lakh
Segment Results:
- Sugar: Loss of ₹627.80 lakh
- Co-generation: Loss of ₹554.60 lakh
- Distillery: Loss of ₹584.67 lakh
- IML: Profit of ₹61.29 lakh
- Vinegar Unit: Profit of ₹364.46 lakh
Additional Notes
1. Financial results prepared in accordance with Indian Accounting Standards (Ind AS)
2. Sugar production being seasonal, quarterly performance not indicative of annual trend
3. No provision made for current tax liability due to book loss
4. No investor complaints received during April 1, 2026 to June 30, 2026
5. Financial results reviewed by statutory auditors M/s. P.G. Ghali & Co.
6. Results available on BSE, NSE portals and company website