Board of Directors of the Company at their meeting held today i.e., 21st July, 2025, has inter-alia considered and approved Appointment of Mr. Rakesh Kumar as the Company Secretary and ....
Awaiting price reaction for this filing.
The board of Sir Shadi Lal Enterprises Ltd met on July 21, 2025, and approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations came in at ₹92.85 crore, slightly down from ₹96.37 crore in Q1 FY25. The company posted a loss after tax of ₹6.47 crore, wider than the ₹4.01 crore loss before tax a year ago, though improved compared to the ₹33.59 crore loss after tax in Q1 FY25. The Sugar segment was the only operational contributor as the Distillery unit remains shut since Sugar Season 2024-25 for major repairs. Finance costs spiked sharply to ₹8.76 crore from just ₹0.21 crore in Q1 FY25. The board also appointed Mr. Rakesh Kumar as Company Secretary and Compliance Officer (KMP), effective July 21, 2025.
Losses are widening and the company's net worth remains deeply negative (other equity at -₹214.87 crore), which is a concern for shareholders. However, the company is now a subsidiary of Triveni Engineering & Industries, which is providing financial and technical support, and a pending Composite Scheme of Arrangement aims to merge SSLEL into Triveni Engineering — this amalgamation remains the key near-term catalyst to watch.