Simbhaoli Sugars Limited has submitted to the Exchange, the Unaudited financial results for the period ended December 31, 2025.
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Simbhaoli Sugars, currently under the Interim Resolution Professional (IRP) following NCLT admission of insolvency in July 2024 (stayed by NCLAT, next hearing March 24, 2026), reported weak Q3 FY26 results. Revenue from operations fell to ₹21,354 lakhs from ₹26,436 lakhs year-on-year, with the net loss widening to ₹453 lakhs (vs ₹266 lakhs loss in Q3 FY25). For the nine months, revenue declined to ₹66,783 lakhs from ₹78,696 lakhs and the net loss deepened to ₹3,685 lakhs from ₹2,354 lakhs. The auditor (B.K. Kapur & Co) issued a qualified conclusion flagging that no interest provision has been made on bank borrowings — accumulated unprovided interest now stands at ₹2,01,023 lakhs, net worth is fully eroded, and there is material uncertainty on the going concern assumption. Other equity is negative at ₹(8,797) lakhs.
This is a deeply negative filing for shareholders: a qualified audit report, widening losses, revenue decline, fully eroded net worth, and the company remains in suspended CIRP. The actual liabilities are massively understated due to unprovided interest of over ₹2 lakh lakhs, meaning reported figures significantly understate the true losses. Stock price is likely to remain under severe pressure and shareholder equity is effectively at risk of total loss under any resolution plan.