Simbhaoli Sugars Limited has informed the Exchange about General Updates
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Simbhaoli Sugars Limited has shared its debt profile showing outstanding principal of ₹1,00,769.59 Lakhs (approximately ₹1,008 crore) owed to commercial lenders, with additional interest outstanding of ₹25,965.39 Lakhs. The company was admitted to the Corporate Insolvency Resolution Process (CIRP) on 11 July 2024, and claims have been filed before the Interim Resolution Professional (IRP). The company has not made any provision for interest payable to commercial and non-commercial lenders in its books for several quarters, with estimated accumulated unprovided interest reaching ₹1,83,389.90 Lakhs (around ₹1,834 crore) as on 30 June 2025. The auditors have qualified their audit report on this matter. The matter is pending before the NCLAT for a decision.
This update confirms that Simbhaoli Sugars remains under insolvency proceedings with massive debt and significant unprovided interest liabilities. Shareholders face substantial risk of dilution or loss as the CIRP process and NCLAT decision will determine the company's future and recovery prospects for equity holders.