The folliowing items were discussed and approved in the Meeting of the Board Of Directors held on 13.11.2025. 1.Unaudited Financial Results for the Quarter and half year ended 30.09.2025 ....
Awaiting price reaction for this filing.
Dharani Sugars reported its Q2 FY26 results on November 13, 2025, showing continued severe financial distress. Revenue from operations collapsed to just Rs 71.52 lakhs in Q2, down sharply from Rs 176.69 lakhs in Q2 FY25 and Rs 199.79 lakhs in the preceding quarter. The company posted a net loss of Rs 2,058 lakhs for the quarter and Rs 4,034 lakhs for the half-year, though losses narrowed slightly year-on-year. Finance costs remained high at around Rs 960 lakhs for the quarter against negligible operating revenue. The auditor (Srivatsan & Associates) issued a qualified opinion flagging nine serious concerns, including accumulated losses and negative net worth (going concern issue), Rs 33,465 lakhs of unsustainable debt classified as contingent liability under the Master Restructuring Agreement, unpaid statutory dues (TDS, PF, ESI, professional tax), overdue MSME payments, and a defaulted Rs 2,470 lakh loan from Iheart Properties. Related-party borrowings of Rs 19,891 lakhs (from directors and group companies) remain outstanding, with interest not being accrued.
This is a deeply negative filing for shareholders — the company is essentially non-operational, deeply indebted with a negative net worth, and carries a qualified audit opinion with a going concern caveat. Stock price is likely to remain under pressure, and there is real risk of the company being unable to continue operations if lenders demand immediate repayment.