Dharani Sugars & Chemicals Limited has informed the Exchange regarding ''. Proceedings of 38th Annual General Meeting held on 25th Sep 2025
Awaiting price reaction for this filing.
Dharani Sugars & Chemicals held its 38th AGM on 25th September 2025 via video conferencing, attended by 54 members representing 7.67 crore equity shares (50.34% of equity). Nine resolutions were put to vote, including approval of FY25 audited financial statements, ratification of statutory auditors, appointment of two new independent directors, and approval of related party transaction limits of Rs 275 crore with Dharani Developers and Rs 25 crore with Executive Chairman Dr Palani G Periasamy. In his address, the Chairman confirmed the company has successfully exited the Corporate Insolvency Resolution Process (CIRP), with board powers restored by NCLT order in May 2024. Factory overhauling is underway, and the company plans to start cane crushing for the 2025-26 sugar season by December 2025. The company thanked lenders NARCL, IDRCL, IREDA, and IFCI for their support during the recovery.
This is a significant positive development for shareholders — the company has emerged from insolvency and is restarting sugar operations after years of NPA status caused by the 2016-2018 Tamil Nadu drought. The December 2025 crushing season restart and restored board control signal a business revival, though execution risks and prior debt overhang remain. Approval of large related-party borrowing limits (Rs 300 crore combined) is worth monitoring for governance and capital structure implications.