1.Unaudited Financial Results for the Q/E 30.06.2025 2. Limited Review Report by Statutory Auditors 3.Appointed Mr P Sakthivel, as an Independent Director for a period of 5 years subject ....
Awaiting price reaction for this filing.
Dharani Sugars reported a net loss of ₹2,058.36 lakhs for Q1 FY26 (quarter ended 30 June 2025), with revenue from operations at just ₹23.10 lakhs, compared to ₹77.27 lakhs in the previous quarter. The company has accumulated losses and negative net worth, but the board approved results on a going-concern basis citing a revival plan to restart operations. The statutory auditor issued a modified review report flagging multiple concerns: non-accrual of interest on related-party loans of ₹18,119.32 lakhs, a contingent unsustainable debt of ₹33,465 lakhs under the Master Restructuring Agreement, an unpaid OTS of ₹5,745.60 lakhs on the Sugar Development Fund loan, an overdue ₹2,470 lakhs loan from Iheart Properties, and unpaid statutory dues (TDS, PF, ESI, etc.). Additionally, 83.14 lakh equity shares issued to NARCL under a debt resolution agreement are not yet dematerialised or listed.
Shareholders should note that the company is financially stressed with continuing losses, unpaid statutory dues, and material auditor qualifications raising going-concern doubts. The board also appointed Mr P Sakthivel (former United India Insurance Deputy Manager) as Independent Director for 5 years, subject to shareholder approval. Near-term stock sentiment is likely to remain weak given the operational and balance-sheet stress, though the revival plan and OTS settlement applications are positive watchpoints.