Sakthi Sugars Limited has informed the Exchange regarding 'Annua'.
SAKHTISUG · price
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Sakthi Sugars reported weak Q1 FY26 results, with revenue from operations falling to Rs. 302.42 crore from Rs. 393.59 crore in Q1 FY25, a decline of about 23%. The company slipped into a loss of Rs. 1.10 crore versus a profit of Rs. 57.90 crore in the same quarter last year, with loss before tax at Rs. 1.90 crore. The statutory auditors issued a qualified review report, flagging non-provision for expected credit loss of Rs. 252.20 crore in interest receivable from an erstwhile associate company, a qualification carried forward for several years. The Board also approved the appointment of a new Independent Director (Smt. Susheela Balakrishnan), a Secretarial Auditor for five years, and a Cost Auditor for FY26. The 63rd AGM is scheduled for 25 September 2025 via video conferencing.
Shareholders should note the sharp swing to losses, revenue shrinkage, and the persistent auditor qualification on a large unrecovered inter-company interest amount, which together raise concerns about earnings quality and asset recoverability, though the board remains confident of favourable legal outcomes.