Ugar Sugar Works Limited has submitted a regulatory disclosure to both Bombay Stock Exchange Limited and National Stock Exchange of India Limited regarding a delayed material event disclosure. The company received a query from the exchanges concerning non-compliance with the 24-hour disclosure requirement for material events.
The disclosure pertains to a Karnataka High Court order dated September 11, 2026, which set aside the closure order issued by the Karnataka State Pollution Control Board (KSPCB) against the company. The company states that it was awaiting the final order of the High Court to be uploaded on the court's website to avoid any ambiguity in the information submitted to the exchanges.
The company explains that the final order was still awaited as of 12:54 p.m. on September 16, 2026, which resulted in the delay in intimation to the exchanges. The disclosure was formally submitted on September 17, 2026, addressing the exchanges' query regarding the delayed material event disclosure.
The letter serves as an official explanation for the delay and provides the company's rationale for waiting until the final court order was available before making the disclosure to the stock exchanges.