Outcome of Board Meeting held on 29.05.2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SBEC Sugar's board approved FY26 audited results showing a standalone net loss of Rs 6,281 lakhs (vs loss of Rs 1,179 lakhs last year), while consolidated net profit stood at Rs 1,866 lakhs (vs Rs 4,900 lakhs last year). The auditors issued a Qualified Opinion due to the company's non-provision of Rs 3,544 lakhs in interest on late payment of cane dues pending a waiver decision from the Cane Commissioner. The company also noted the resignation of Mr. Anil Kumar Goel as Company Secretary and Compliance Officer (KMP) effective May 1, 2026, with Mr. Madhur Agarwal appointed as his replacement. Internal auditors Thakur Vaidyanath Aiyar & Co were reappointed for FY27.
The standalone losses widened significantly and the qualified audit opinion raises governance concerns, though the consolidated profit was supported by subsidiary performance. The KMP change at the company secretarial level is routine but shareholders should monitor the unresolved cane dues interest liability of over Rs 35 crore.