Pursuant to Regulation 30 of Para A of Part A of Schedule III of SEBI (LODR) Regulation, 2015, we hereby submit the 5th List of Creditors of Shree Hanuman Sugar & Industries Limited under ....
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The Resolution Professional of Shree Hanuman Sugar & Industries Ltd has filed the 5th List of Creditors under the ongoing Corporate Insolvency Resolution Process (CIRP), which commenced on 27 September 2024. Total claims received stand at Rs. 3,370.63 crore from 15 creditors, of which 8 claims totalling Rs. 3,291.78 crore have been admitted and Rs. 78.84 crore remains under verification. The single largest creditor is Omkara Assets Reconstruction Pvt Ltd, whose admitted claim of Rs. 3,198.26 crore (backed by a corporate guarantee to Eastern Sugar & Industries Ltd) gives it 99.15% voting share in the Committee of Creditors. Other notable admitted claims include Bank of India (Rs. 27.44 crore), Income Tax Department (Rs. 45.78 crore), and employee/workmen claims (Rs. 13.18 crore). Some claims, including an EPFO demand of Rs. 12.58 crore and a large portion of the Bihar Sugarcane Industries Department's claim, were rejected for lack of documentation.
Equity shareholders are likely to face significant dilution or near-total wipeout as the company's admitted debt of over Rs. 3,290 crore is overwhelmingly dominated by a single secured financial creditor. The stock remains under CIRP, meaning trading is highly speculative and resolution outcome will dictate any recovery for shareholders.