Announced Sat, 11 Jul · 16:42 IST
Simbhaoli Sugars replies to BSE on delayed default disclosure under CIRP
Compliance View source PDF
SIMBHALS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.0%1-day move
₹7.09
prior close
₹7.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.0-2.7-1.6-3.8-2.7-1.4————
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AI summary
Simbhaoli Sugars told BSE it delayed disclosing a default related to a PNB Fraud Risk Management order due to ongoing Corporate Insolvency Resolution Process and management changes. The default was already noted in audited FY26 results filed on 29 May 2026. The company blamed administrative challenges during insolvency and promised to strengthen compliance.
Likely market impact
Company is under CIRP with a PNB fraud-related default. Delayed disclosures and compliance gaps may concern investors, though the default was in results.