Simbhaoli Sugars Limited has informed the Exchange about General Updates
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Simbhaoli Sugars has disclosed its debt position as of June 30, 2025, showing principal bank borrowings of about Rs 1,00,770 lakhs and an additional Rs 305 lakhs owed to Dholadhar. The company is currently admitted to CIRP (Corporate Insolvency Resolution Process) under IBC, with a related matter pending before NCLAT. Critically, no interest has been provisioned in the books for several years — estimated unprovided interest for the quarter ended June 2025 alone is Rs 8,360 lakhs, and accumulated unprovided interest stands at roughly Rs 1,83,390 lakhs. The auditors have flagged this with a qualification in their audit report for FY25 and the June 2025 quarter. Interest on the Dholadhar loan has not been accrued at all since CIRP commenced.
This is a negative disclosure for shareholders — the company is under insolvency proceedings, its real debt burden is far higher than what the books show, and auditors have qualified the accounts. Shareholders face high risk of dilution or wipe-out under any resolution plan, and the stock remains a high-risk, deeply distressed situation.