Simbhaoli Sugars Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2025 ,inter alia, to consider and approve Dear Sir In accordance ....
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Simbhaoli Sugars has informed BSE and NSE about a Board meeting scheduled on May 30, 2025, to consider and approve the standalone and consolidated audited financial results for the quarter and year ended March 31, 2025. Importantly, this is not a regular Board meeting — it is being convened by the Interim Resolution Professional (IRP), as the company has been admitted under the Corporate Insolvency Resolution Process (CIRP) by NCLT Allahabad since July 11, 2024. The trading window for the stock will remain closed until June 3, 2025 (two trading days after results declaration).
For shareholders, this confirms the company remains under insolvency proceedings with an IRP in control rather than the original Board. The upcoming audited results will be a critical signal of the company's financial health and may influence the ongoing resolution process. Expect continued uncertainty around share price and corporate control until the CIRP outcome is decided.