Simbhaoli Sugars Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/03/2026 ,inter alia, to consider and approve review and take note consolidated ....
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Simbhaoli Sugars has informed the stock exchanges that a meeting, convened by the Interim Resolution Professional (IRP), is scheduled for March 11, 2026. The meeting will consider and take note of the audited consolidated financial results for the period ended March 31, 2025. Importantly, the company has been admitted under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code by the NCLT Allahabad Bench via order dated July 11, 2024, which is why the IRP is convening the meeting rather than the Board of Directors. The trading window for the company's shares remains closed until 48 hours after the financial results are declared.
This filing is purely procedural and discloses no new business developments. However, the reminder that the company remains under CIRP since July 2024 is material — shareholders should note that the stock continues to trade under insolvency proceedings, resolution plan outcome is still pending, and equity holders face significant uncertainty on recovery. The audited FY25 results being placed before the IRP rather than an active board underscores the company is still in resolution mode.