Out Come Board Meeting - 16.05.2026 - In accordance with regulations 30 and 33 read with SEBI (LODR) Reg 2015. 1. Audited Financial Results of the company for the Quarter and year ended ....
Awaiting price reaction for this filing.
Dharani Sugars & Chemicals Limited reported an annual net loss of ₹10,472.07 lakhs for FY2026, worsening from ₹9,299.53 lakhs in the prior year. Total income from operations was just ₹247.33 lakhs as manufacturing facilities remained non-operational for a prolonged period. The company has accumulated losses resulting in negative net worth of ₹26,283.67 lakhs. The company entered into a Master Restructuring Agreement (MRA) with NARCL in May 2024 but subsequently committed breaches including non-payment of instalments and farmer dues, leading IDRCL to issue a Default Notice in February 2026 and cancel the restructuring arrangement. Additionally, the Sugar Development Fund (SDF) One Time Settlement was also revoked in April 2026 after the company defaulted on repayments. Statutory dues remain unpaid and the company faces severe liquidity constraints. The company's shares remain suspended from trading on NSE and BSE since July 2023.
The stock is suspended from trading; shareholders face extreme risk as the company is effectively insolvent with negative net worth, cancelled debt restructuring, and no operational revenue. Revival depends on fresh funding and sugarcane availability, both highly uncertain.