Outcome of Board Meeting
VISHWARAJ · price
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Vishwaraj Sugar Industries' board, meeting on August 9, 2025, approved the unaudited Q1 FY26 results showing total income of Rs. 13,492.86 lakhs (up ~32% YoY from Rs. 10,223.63 lakhs) but a net loss of Rs. 1,638.66 lakhs (slightly better than Rs. 1,728.77 lakhs loss in Q1 FY25), with EPS at Rs. (0.75). The distillery segment revenue grew sharply to Rs. 4,555.70 lakhs but turned loss-making at Rs. (1,427.41) lakhs, while sugar segment returned to profit of Rs. 580.96 lakhs. The board re-appointed Mrs. Sneha Nithin Dev (sister of MD Nikhil Katti, daughter of Late Umesh Katti) as Whole-Time Director for 3 years from October 15, 2025 at Rs. 30 lakh per annum. It also appointed Mrs. Vinita D Modak as Secretarial Auditor for 5 years (FY 2025-26 to 2029-30) and fixed September 24, 2025 as the date for the 30th AGM.
Despite strong revenue growth, the company reported another quarterly loss, though narrower YoY — mixed signals for shareholders. The re-appointment of a promoter family member as Whole-Time Director reinforces promoter control at the company.