The Exchange had sought clarification from Simbhaoli Sugars Limited for the quarter ended 31-Mar-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: The response of the Company is enclosed.
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Simbhaoli Sugars responded to two clarifications sought by NSE regarding its 11-March-2026 announcement of audited financial results for the quarter and year ended 31-March-2025. For the first query on missing date of signing on the Notes to accounts page, the company said it was an unintentional oversight and all documents including the audit report were digitally signed on 11-March-2026, the same day the IRP Convened Meeting approved them. For the second query on delayed submission to NSE, the company explained that the IRP meeting ended at 3:53 PM and while the BSE filing was made on time, technical glitches on the NSE NEAPS portal forced them to first email the outcome to NSE at 6:56 PM (within the 3-hour window), and then upload on the portal at 7:16 PM the same day. The company assured stricter compliance going forward. Notably, Simbhaoli Sugars is under Corporate Insolvency Resolution Process (CIRP) since 11-July-2024, currently stayed by NCLAT, with Mr. Anurag Goel acting as Interim Resolution Professional and Board powers suspended.
This is a procedural compliance clarification rather than a material business update, so there is likely no direct impact on the stock price. However, it underscores the company's weak compliance infrastructure and operational challenges, which are compounded by its ongoing insolvency status (currently under stay) — factors retail investors should weigh carefully.