Approved the following Items: 1 Unaudited Financial Results for the Quarter ended 30th Sep 2025 alonwith Segmentwise report, Cashflow statement, Statement of Assets and Liabilities. 2. ....
Awaiting price reaction for this filing.
Dharani Sugars posted a net loss of INR 9,299.53 lakhs for H1 FY26 (Apr–Sep 2025), much worse than the INR 2,058.36 lakh loss in H1 FY25, as operations remain minimal with quarterly revenue of just INR 186.34 lakhs. The company disclosed that it has accumulated losses and a negative net worth as of 30 September 2025, which has triggered a going concern qualification from the statutory auditor. Auditor Srivatsan & Associates issued a qualified opinion highlighting nine issues, including non-accrual of interest on related-party and director loans totalling INR 19,890.59 lakhs, and a massive INR 33,465 lakhs in unsustainable debt classified as a contingent liability under the Master Restructuring Agreement. Statutory dues such as TDS, PF, ESI and power generation tax remain unpaid, and MSME vendor dues are overdue, with an unpaid INR 2,470 lakhs loan from iHeart Properties flagged as a potential going concern risk. Management says it is working on a revival plan to restart production, but the financials show the business is in deep distress.
Existing shareholders face significant risk — negative net worth, a qualified audit, large contingent liabilities, and unpaid statutory dues suggest the company is in severe financial distress, and the stock is likely to stay under pressure until a credible revival actually translates into operating cash flows.