Simbhaoli Sugars Limited hereby submitted Consolidated Unaudited Financial Results for the Quarter ended 30th September, 2025
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Simbhaoli Sugars Limited is undergoing Corporate Insolvency Resolution Process (CIRP) since July 11, 2024, with an Interim Resolution Professional (IRP) managing operations. The company recorded consolidated revenue of Rs 23,247.21 Lacs but posted a net loss of Rs 2,243.24 Lacs for Q1 FY26 (June 2025 quarter). The statutory auditor issued an ADVERSE OPINION citing multiple material issues: no provision for bank interest of Rs 8,360.27 Lacs for the quarter (cumulative Rs 1,83,389.90 Lacs), no provision for interest on delayed cane price payments (Rs 12,163.25 Lacs), and going concern doubts due to eroded net worth and cash losses. Subsidiary Simbhaoli Power Private Limited issued a Disclaimer of Opinion while Integrated Casetech Consultants issued Adverse Opinion. The company also appointed Cost and Secretarial Auditors during this meeting.
This is an extremely distressed filing with adverse auditor opinion and ongoing insolvency proceedings. Shareholders face extreme risk as the company's ability to continue as a going concern is in doubt, with massive unprovided liabilities that could significantly impact future financial position. The stock carries very high risk.