Vishwaraj Sugar Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on August 09, 2025.
VISHWARAJ · price
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Vishwaraj Sugar Industries' board held a meeting on August 9, 2025, and approved multiple items. The board re-appointed Mrs. Sneha Nithin Dev (sister of Managing Director Nikhil Katti and daughter of late founder Umesh Katti) as Whole-Time Director for another 3-year term starting October 15, 2025, with a remuneration of Rs 30 lakhs per annum. Mrs. Vinita D Modak was appointed as Secretarial Auditor for 5 years (FY26 to FY30). The 30th AGM was fixed for September 24, 2025. The board also approved Q1 FY26 unaudited results, showing revenue from operations of Rs 13,305.88 lakhs (up 31% YoY from Rs 10,125.43 lakhs), but a net loss of Rs 1,638.66 lakhs (slightly better than Rs 1,728.77 lakhs loss in Q1 FY25). Distillery segment revenue surged to Rs 4,555.70 lakhs from Rs 2,837.91 lakhs YoY, while sugar revenue rose to Rs 8,040.65 lakhs.
The continued losses in a quarter with revenue growth show margin pressure, particularly in sugar and distillery segments where costs outweighed revenues. The re-appointment of a promoter family member (sister of MD) as Whole-Time Director reinforces family control but may be viewed as governance concern by some investors. Cash position weakened with cash equivalents dropping to Rs 313.07 lakhs from Rs 959.32 lakhs, and the company drew fresh long-term borrowings of Rs 1,459.74 lakhs while repaying short-term debt.