Shree Hanuman Sugar reports FY26 loss of Rs 89.42L under CIRP with qualified audit opinion

Shree Hanuman Sugar reported a net loss of Rs 89.42L for FY26 (vs Rs 42.37L loss in FY25), with total income of just Rs 4.35L. The sugar mill at Motihari, Bihar remains non-operational since 2012-13. The company is under CIRP since Sept 2024 with a Resolution Professional managing it; a resolution plan is pending at NCLT Kolkata. The auditor issued a qualified opinion citing 11 issues including non-compliance with TDS provisions, Ind AS 19 (employee benefits), no depreciation since 2014, non-confirmation of balances, interest not provided on borrowings, and inability to assess asset impairment. Material uncertainty of going concern was explicitly flagged.