Dharani Sugars & Chemicals Limited has informed the Exchange regarding Board meeting held on February 12, 2026. Unaudited Financial Results for the Q/E 31st Dec 2025
Awaiting price reaction for this filing.
Dharani Sugars reported a net loss of Rs. 2,028.19 lakhs for Q3 FY26, widening from Rs. 1,975.26 lakhs in the previous quarter and Rs. 1,883.54 lakhs in Q3 FY25. For the nine months ended Dec 2025, the loss stood at Rs. 6,051.81 lakhs compared to Rs. 5,821.38 lakhs in the same period last year. Revenue from operations collapsed to just Rs. 17.25 lakhs in the quarter (down from Rs. 176.69 lakhs in Q2 FY26), with all three segments — Sugar, Distillery, and Power — reporting losses. The auditor (Srivatsan & Associates) issued a qualified opinion flagging accumulated losses, negative net worth, undisclosed interest on related-party loans of Rs. 21,202.13 lakhs, and a contingent unsustainable debt of Rs. 33,465 lakhs under the Master Restructuring Agreement. Statutory dues (TDS, PF, ESI) and a Rs. 2,738.65 lakhs loan from Iheart Properties remain unpaid.
Stock is clearly in deep financial distress — negative net worth, going concern doubts, auditor qualifications, and near-zero revenues make this a high-risk situation. Shareholders face the risk of further equity dilution from the pending debt-to-equity conversion and the unresolved MRA. Expect continued negative price action and elevated default risk.