The Exchange had sought clarification from Simbhaoli Sugars Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Consolidated Financial Results not submitted The response of the Company is enclosed.
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Simbhaoli Sugars Limited has responded to NSE's query on why it failed to submit consolidated financial results for the quarter ended December 31, 2025. The company explains that it is currently under Corporate Insolvency Resolution Process (CIRP) since July 11, 2024, with management vested in an Interim Resolution Professional (IRP) appointed by the NCLT Allahabad bench. A promoter has appealed the NCLT order at NCLAT, which has issued an interim stay directing no further steps be taken on the NCLT order. The delay in filing is attributed to CIRP-related complexities, change in statutory auditors, departure of key finance staff, and the busy cane crushing season. The company has requested additional time to complete and submit the outstanding consolidated financial results.
Shareholders should note that the company remains in insolvency proceedings under IBC, with both NCLT admission and NCLAT interim stay creating regulatory uncertainty. The repeated delay in financial reporting signals significant operational and governance challenges, which could negatively affect investor confidence and stock liquidity.