Due to technical glitches, we are hereby submitting again the copy of Audited Standalone and Consolidated Financial Results for the year ending March 31, 2026 along with all annexures
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SBEC Sugar Ltd has re-submitted its audited financial results for the quarter and year ended March 31, 2026 after technical issues. The company reported a standalone net loss of Rs. 6,280.89 Lacs for FY 2026, significantly worse than the loss of Rs. 1,178.61 Lacs in FY 2025. Revenue from operations stood at Rs. 53,516.06 Lacs. The auditors issued a qualified opinion due to the company's failure to provide for interest on late payment of cane dues amounting to Rs. 3,543.78 Lacs, pending a decision from the Cane Commissioner on a waiver application. The company's negative other equity of Rs. 17,091.19 Lacs indicates a negative net worth. Additionally, Mr. Anil Kumar Goel resigned as Company Secretary and Compliance Officer (KMP), and Mr. Madhur Agarwal was appointed in his place. M/s Thakur Vaidyanath Aiyar & Co. was re-appointed as Internal Auditors for FY 2026-27.
The company is showing significant financial stress with mounting losses and negative net worth. The qualified audit opinion and pending cane dues interest waiver create uncertainty about the company's financial health and potential contingent liabilities that could impact shareholders.