Out Come Board Meeting
Awaiting price reaction for this filing.
Dharani Sugars reported Q1 FY26 (quarter ended June 30, 2025) unaudited results with revenue from operations at just Rs. 23.10 lakhs versus Rs. 4.09 lakhs in Q1 FY25, while net loss widened to Rs. 2,058.36 lakhs from Rs. 1,342.59 lakhs. Full-year FY25 loss stood at Rs. 9,299.53 lakhs. The company disclosed negative net worth, accumulated losses, and is operating on a going concern basis dependent on a revival plan to restart commercial operations. The statutory auditor issued a modified (qualified) review report with nine qualifications, flagging issues including non-provision of interest on related-party borrowings of Rs. 19,119.32 lakhs, unsustainable debt of Rs. 33,165 lakhs shown as contingent liability, unpaid statutory dues, and default on a Rs. 2,470 lakh loan. The board also appointed Mr P Sakthivel as Independent Director for five years.
This is a deeply concerning filing for shareholders – the company is barely operational, loss-making, has negative net worth, and the auditor has flagged serious accounting and going-concern risks. Stock price is likely to remain under pressure due to the combination of widening losses, qualified audit report, large contingent liabilities, and unresolved debt defaults.