Annual Report of the Company for the FY25
Awaiting price reaction for this filing.
Sir Shadi Lal Enterprises Ltd (SSEL) filed its Annual Report for FY25 along with the notice of its 91st AGM scheduled for September 8, 2025 via video conferencing. The company reported a 42% decline in revenue to Rs 268.34 crore, mainly because the distillery plant was not operated during the 2024-25 season due to required repairs and sugar sales volume fell 41%. Loss before tax widened to Rs 18.54 crore from Rs 9.19 crore, driven by a sharp rise in finance costs (up Rs 7.25 crore) as the company took on debt to clear cane dues and fund repairs. Tax expense of Rs 26.06 crore included a Rs 30.70 crore reversal of tax benefits on lapsed accumulated losses, pushing the loss after tax to Rs 44.60 crore versus Rs 9.19 crore in the previous year. EPS stood at Rs (84.95) and no dividend has been recommended. The company is now a subsidiary of Triveni Engineering & Industries Ltd (TEIL), which acquired a 61.77% stake in June 2024.
Shareholders face another year of losses with deeper deterioration in profitability, no dividend, and significant erosion of retained earnings to negative Rs 215.22 crore. The higher finance costs and tax reversals point to liquidity stress, though TEIL's ownership and a proposed Composite Scheme of Arrangement could provide future restructuring support.