Outcome of IRP convened meeting held today i.e., December 29, 2025 in which Standalone Result for the quarter ended on September 30, 2025 is duly considered and taken on record by IRP.
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Simbhaoli Sugars, currently under Corporate Insolvency Resolution Process (CIRP) since July 11, 2024, filed its unaudited standalone results for Q2 FY26 through the Interim Resolution Professional (IRP). Revenue from operations stood at ₹22,545.88 lakhs for the quarter (up from ₹19,998.98 lakhs YoY) but ₹45,428.45 lakhs for H1 (down from ₹52,259.72 lakhs YoY). The company reported a widening net loss of ₹2,195.27 lakhs for the quarter and ₹3,231.01 lakhs for H1 FY26, with negative other equity of ₹8,797.46 lakhs (fully eroded net worth). The auditor issued a qualified review report flagging 13 issues, including non-provision of interest of ₹8,691.77 lakhs (Q2) and ₹17,052.06 lakhs (H1) on bank borrowings, accumulated unprovided interest of ₹1,92,081.67 lakhs, and explicit going concern uncertainty. The NCLAT has stayed CIRP proceedings with the next hearing scheduled for January 14, 2026.
Shareholders face a deeply distressed situation: the company's net worth is fully eroded, losses are widening, and the auditor has flagged material going concern doubt. The NCLAT hearing on January 14, 2026 is a critical near-term catalyst—depending on the outcome, CIRP may resume, a settlement could be reached, or the company may proceed toward resolution. The stock is expected to remain highly volatile and risky pending clarity on the insolvency resolution path.