In accordance with Reg 30 and 33 read with the SEBI (LODR) Reg 2015, the following items were discussed and approved in the meeting of the Board of Directors held on 16.05.2026. 1.Audited ....
Awaiting price reaction for this filing.
Dharani Sugars reported negligible revenue of Rs 24.29 lakh for Q4 FY26 (vs Rs 17.27 lakh in Q4 FY25) as manufacturing operations remained non-operational. Full year income was Rs 247.33 lakh against a massive net loss of Rs 10,472.07 lakh. The company has accumulated losses leading to negative net worth of Rs 26,283.67 lakh and total liabilities of Rs 71,150 lakh exceeding total assets of Rs 44,866 lakh. The auditor issued a Qualified Opinion citing material uncertainty about going concern - the company defaulted on Master Restructuring Agreement (MRA) with NARCL/IDRCL, the restructuring arrangement stands cancelled, and the Sugar Development Fund OTS was also revoked. Manufacturing plants have been idle for prolonged periods and the company faces significant liquidity constraints with unpaid statutory dues.
The stock is already suspended from trading on NSE/BSE since July 2023. The qualified audit opinion, negative net worth, ongoing defaults on debt obligations, and cancelled restructuring arrangements indicate extreme financial distress with high risk of liquidation or delisting.