Avadh Sugar & Energy Limited has informed the Exchange about change in Management
AVADHSUGAR · price
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Avadh Sugar & Energy reported a net loss of Rs 841.38 lakhs for Q1 FY26 (quarter ended June 30, 2025), reversing a profit of Rs 868.80 lakhs in the same quarter last year. Revenue from operations rose modestly to Rs 71,660.81 lakhs from Rs 70,799.03 lakhs year-on-year. The sugar segment posted a thin profit of Rs 426.29 lakhs, distillery earned Rs 1,790.98 lakhs, but co-generation slipped into a loss of Rs 355.06 lakhs. The board approved the appointment of Mr. Chandra Shekhar Nopany as Managing Director (designated Co-Chairperson) for a 5-year term effective September 1, 2025, subject to shareholder approval. Mr. Pankaj Goenka was appointed as Senior Management Personnel effective August 4, 2025.
The Q1 loss is largely seasonal, as sugar companies incur costs year-round but earn revenue mainly during the November–May crushing season, so it is not unexpected. Mr. Nopany's elevation to MD provides management continuity, as he is already on the board (son of Chairperson Mrs. Nandini Nopany), which should be reassuring for shareholders.