Announced Mon, 13 Jul · 18:40 IST
Simbhaoli Sugars FY26 results: Auditor issues Adverse Opinion amid CIRP
Going ConcernAdverse OpinionPat NegativeAuditor Mid Year ChangeRelated Party TransactionsContingent Liabilities IncreasedResults View source PDF
SIMBHALS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.7%1-day move
₹7.02
prior close
₹7.20
base price
After-mkt
timing
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-1.9———-1.7-0.6-2.8-1.7-4.6-2.4————
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AI summary
Auditor issued Adverse Opinion on Simbhaoli Sugars consolidated FY26 results, citing going concern doubts, negative net worth, and about 2100 crore in unprovided bank interest. Company is under CIRP since July 2024; NCLAT dismissed promoter appeal on July 13, 2026. PNB declared fraud; ED attached about 110 crore of assets. Subsidiaries SPPL and ICCPL also received adverse or disclaimer opinions.
Likely market impact
Stock remains high-risk under insolvency process. Massive unprovided liabilities and adverse audit signal serious financial distress for shareholders.