K.M. Sugar Mills Ltd. Regulatory Clarification
Date of Communication: June 18, 2026
Nature of Query and Response
K.M. Sugar Mills Ltd. submitted a clarification to the National Stock Exchange of India Limited regarding its financial results for the quarter ended March 31, 2026. The company provided details about its wholly-owned subsidiary in response to what appears to be an exchange query about financial results.
Subsidiary Financial Details Clarification
The company clarified that it holds 100% issued share capital of ₹5 lakhs in its wholly-owned subsidiary, M/s K M Spirits and Allied Industries Limited. Key details about the subsidiary:
- The subsidiary is not presently engaged in any manufacturing or trading activity
- Generated very nominal revenue of ₹0.07 lakhs (₹700) for the quarter ended March 31, 2026
- Reported comprehensive income of ₹0.06 lakhs (₹600) for the same period
- Results are published with rounding off in lakhs, which doesn't show changes in revenue and comprehensive income due to the small amounts
Segment Assets Reclassification
The company explained the treatment of segment assets:
- Subsidiary company assets of ₹5 lakhs have been shown under the "other" category
- Distillery segment assets were reduced by ₹5 lakhs correspondingly
- Total segment assets remain unchanged between standalone and consolidated reporting:
- Standalone results include ₹5 lakhs of investment in subsidiary
- Consolidated segment assets exclude investment in subsidiary but include subsidiary assets of ₹5 lakhs