Simbhaoli Sugars Limited has submitted to the Exchange, Consolidated financial results along with Auditor report for the quarter and year ended March 31, 2025.
SIMBHALS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Simbhaoli Sugars, which has been under the Corporate Insolvency Resolution Process (CIRP) since July 11, 2024 after NCLT admitted a petition by Punjab National Bank, has filed its audited consolidated results for FY25. Revenue from operations fell to ₹1,16,431 lakhs from ₹1,35,401 lakhs in FY24, a drop of about 14%. The company reported a net loss of ₹1,981 lakhs in FY25, narrower than the ₹3,046 lakh loss in FY24, but its other equity remains deeply negative at ₹(16,644) lakhs, taking total negative net worth to ₹9,814 lakhs. The auditor, Mittal Gupta & Co., issued an Adverse Opinion, flagging that no interest provision of around ₹1,75,030 lakhs (cumulative) has been made on borrowings, no interest provision of ₹12,163 lakhs on delayed sugarcane payments to farmers, going concern doubts across the group, and non-compliance with Section 197 of the Companies Act regarding director remuneration.
Very negative for shareholders. The company remains under insolvency resolution with an adverse audit opinion, deeply negative net worth, revenue contraction, and major unrecorded liabilities that could materially worsen reported losses. The stock is firmly in distressed territory, and resolution of the CIRP at the NCLAT hearing on March 24, 2026 is the key event for investors.