The Ugar Sugar Works Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 05, 2025
UGARSUGAR · price
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Awaiting price reaction for this filing.
The Ugar Sugar Works has informed the exchanges about its 85th Annual General Meeting scheduled for Tuesday, 5th August 2025 at 11:00 AM, to be held via video conferencing. The filing also includes the Annual Report for FY2024-25, which shows the company swung to a net loss of Rs. 1,624.95 Lakhs from a profit of Rs. 2,114.25 Lakhs in FY24, even as total revenue grew to Rs. 1,42,080.56 Lakhs from Rs. 1,31,031.60 Lakhs. No dividend has been recommended for the year, compared to 25% in the previous year. Sugar production fell to 12.84 lakh quintals from lower sugarcane recovery, while ethanol output rose to 942.24 lakh BL. The AGM agenda includes reappointment of two retiring directors, continuation of directors over 75 years, alteration of Articles of Association, ratification of cost auditor remuneration (Rs. 3 lakh), and appointment of a new secretarial auditor for 5 years.
The sharp swing to a net loss, zero dividend, and lower sugar production are negatives that may weigh on the stock. The AGM notice itself is routine, but the weak FY25 results disclosed alongside it are the key takeaway for shareholders.