The following items were discussed ad approved in the meeting of the Board of Directors held on 12.02.2026. The Unaudited Financial Results for the Q/E 31st Dec 2025, segment wise report ....
Awaiting price reaction for this filing.
The Board of Directors of Dharani Sugars & Chemicals approved unaudited financial results for Q3 FY26 and nine months ended December 31, 2025. The company reported a net loss of Rs 2,028.19 lakhs for the quarter (vs Rs 1,883.54 lakhs loss in Q3 FY25) and Rs 6,061.81 lakhs for nine months FY26 (vs Rs 5,821.38 lakhs loss in 9M FY25). The auditor (Srivatsan & Associates) issued a qualified opinion citing accumulated losses, negative net worth, and multiple material concerns. Key issues include Rs 33,465 lakhs unsustainable debt classified as contingent liability under the Master Restructuring Agreement, Rs 21,202.13 lakhs in unpaid loans from directors and related parties with interest not accrued, a defaulted Rs 2,731.65 lakhs loan from Iheart Properties, Rs 6,026.63 lakhs Sugar Development Fund loan with repayment due April 6, 2026, and unpaid statutory dues (TDS, PF, ESI).
This filing paints a picture of severe financial distress with a qualified audit opinion, going concern doubts, and substantial unresolved debt. Shareholders face continued losses, likely stock price pressure, and high risk around the company's revival plan and debt restructuring outcomes.