Outcome of Board Meeting dated 8th May 2026
RENUKA · price
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Shree Renuka Sugars reported a massive loss for FY2025-26 with standalone net loss of Rs 6,989 million vs a loss of Rs 2,558 million in the prior year. Revenue declined by about 17% to Rs 85,220 million from Rs 102,794 million. The company has negative net worth of Rs 12,455 million and current liabilities exceed current assets by Rs 21,145 million. The auditors issued an unmodified (clean) opinion, but flagged going concern uncertainty — management relies on parent Wilmar International's corporate guarantees and letter of support. The company also recognized a Rs 2,948 million impairment on its integrated milling division, recorded as a revaluation decrease in OCI. Consolidated results showed a net loss of Rs 17,924 million for the year. Operating cash flow was negative at Rs 1,720 million for FY2025-26.
The company is in severe financial distress with negative net worth and heavy losses. While the auditor gave a clean opinion citing parent support, the negative net worth, large impairments, and negative operating cashflow signal very high risk for shareholders and debtholders.