Dharani Sugars & Chemicals Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
Awaiting price reaction for this filing.
Dharani Sugars reported a net loss of Rs 10,472.07 lakhs for FY2026, with total income of only Rs 247.33 lakhs from operations. The company has accumulated losses resulting in negative net worth of Rs 26,283.67 lakhs. Manufacturing facilities have remained non-operational for a prolonged period. The company defaulted on its Master Restructuring Agreement (MRA) with IDRCL/NARCL, leading to cancellation of restructuring concessions and withdrawal of reliefs. The Sugar Development Fund (SDF) One Time Settlement was also cancelled after default. The auditor issued a QUALIFIED opinion citing material uncertainty about the company's ability to continue as a going concern. Total outstanding loans from directors and related parties stand at Rs 21,410.18 lakhs.
The company is in severe financial distress with massive losses, negative net worth, and multiple loan defaults. The qualified audit opinion and going concern doubts signal extreme risk for shareholders. The stock remains suspended from trading on NSE and BSE since July 2023.