Avadh Sugar & Energy Limited reported its audited financial results for the quarter and year ended March 31, 2026, approved at a Board of Directors meeting held on May 12, 2026. The company's revenue from operations for the year rose to ₹2,69,351.81 lakhs from ₹2,63,559.08 lakhs in the previous year. However, net profit after tax (PAT) for the full year declined to ₹5,730.53 lakhs (Rs. 57 Cr), compared to ₹8,793.51 lakhs (Rs. 88 Cr) in the prior year. The basic and diluted earnings per share (EPS) stood at ₹28.63 for FY26, down from ₹43.93 in the previous year. The statutory auditors, M/s. S R Batliboi & Co LLP, issued an audit report with an unmodified opinion on the audited financial results. Subsequently, the company published newspaper advertisements disclosing an extract of these audited financial results in The Business Standard (English & Hindi, Lucknow Edition) on May 13, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance for FY26

For the year ended March 31, 2026, total income increased to ₹2,69,857.46 lakhs (Rs. 2,699 Cr) from ₹2,63,939.60 lakhs (Rs. 2,639 Cr) in the previous year. EBITDA for FY26 stood at Rs. 226 Cr, compared to Rs. 280 Cr in FY25. Total expenses also rose to ₹2,60,805.56 lakhs from ₹2,50,349.08 lakhs. The company recognised exceptional items amounting to an expense of ₹210.26 lakhs related to the implementation of New Labour Codes. Additionally, differential revenue of ₹989.39 lakhs was recognised pursuant to a UPERC notification revising power tariffs.

Quarterly Performance: Q4 FY26

In the quarter ended March 31, 2026, total income stood at Rs. 672 Cr, compared to Rs. 678 Cr in Q4 FY25. EBITDA for Q4 FY26 came in at Rs. 121 Cr, against Rs. 149 Cr in the corresponding quarter of the previous year. PAT for Q4 FY26 stood at Rs. 56 Cr, compared to Rs. 72 Cr in Q4 FY25. Revenue from operations for the quarter was ₹67,061.33 lakhs, compared to ₹67,878.07 lakhs in Q4 FY25. Net profit after tax for the quarter was ₹5,561.23 lakhs, a decrease from ₹7,167.67 lakhs in Q4 FY25. The EPS for the quarter was ₹27.78, down from ₹35.81 in the same period last year.

Segment Performance and Corporate Actions

The Sugar segment remained the largest contributor, reporting revenue of ₹2,57,151.05 lakhs for the year, followed by Distillery at ₹52,962.09 lakhs and Co-generation at ₹22,673.61 lakhs. Total segment profit before finance costs and tax was ₹17,861.80 lakhs.

The Board of Directors recommended a final dividend of ₹10 per equity share of ₹10 each for the year ended March 31, 2026, subject to shareholder approval. Additionally, the Board appointed Mr. Amit Dalal (DIN: 00297603) as an Independent Director for five years with effect from May 12, 2026, and re-appointed Mr. Somnath Mukherjee as Cost Auditor for FY2026-27.

Management Commentary

Commenting on the results, Mr. C.S. Nopany, Co-Chairperson and Managing Director, Avadh Sugar & Energy Ltd, said: "Uttar Pradesh's sugar and ethanol sector continues to evolve amid near-term operational and cost pressures. While sugar production has moderated due to lower cane yield and availability, early mill closures, and weather-led recovery variations, the recent SAP hike is expected to tighten sugar mill margins unless offset by stronger realizations. Meanwhile, the Ethanol Blending Programme continues to progress well, and industry participants remain optimistic that the Central Government may further raise blending targets over time to reduce India's dependence on crude oil imports. Supported by higher molasses allocation, expanding integrated capacities, and strong policy thrust, UP remains strategically positioned for long-term growth across both sugar and ethanol value chains.

At Avadh, our commitment to sustainable and inclusive growth remains steadfast through operational efficiency and our unwavering focus on sugarcane development. The crushing capacity at the Hargaon unit has successfully been increased from 10,000 TCD to 13,000 TCD with the commencement of the sugar season 2025–26. The Company will continue to focus on optimising its existing assets supported by prudent capital allocation and strong governance to drive durable long-term value creation for all its stakeholders."

Avadh Sugar & Energy Limited has submitted its quarterly compliance certificate to stock exchanges in accordance with SEBI (Depositories and Participants) Regulations, 2018. The filing relates to the quarter ended March 31, 2026, and confirms the company's adherence to regulatory requirements for securities dematerialisation processes.

Regulatory Compliance Filing

The company filed the certificate on April 7, 2026, with both the National Stock Exchange of India Limited and BSE Limited. Company Secretary Prashant Kapoor (ACS – 15576) digitally signed and submitted the documentation to ensure compliance with SEBI regulations.

Registrar Confirmation

MUFG Intime India Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate on April 2, 2026. The certificate was signed by Ashok Shetty, Vice President – Corporate Registry, confirming proper handling of dematerialisation processes.

The registrar confirmed that securities received from depository participants for dematerialisation during the quarter ended March 31, 2026, were processed according to prescribed procedures. All securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are already listed.

Dematerialisation Process Compliance

The certificate validates that the company maintained proper compliance with dematerialisation requirements during the quarter. Key confirmations include:

• Securities received for dematerialisation were confirmed or rejected within prescribed timelines
• Security certificates were mutilated and cancelled after due verification by depository participants
• Depository names were substituted in the register of members as registered owners
• All processes adhered to SEBI regulatory framework

Corporate Information

Avadh Sugar & Energy Limited operates under the K. K. Birla Group of Sugar Companies umbrella. The company maintains its registered office at P.O. Hargaon, Dist. Sitapur, U.P., PIN 261 121, with corporate office located in Kolkata. The filing ensures continued regulatory compliance and transparency in securities handling processes for stakeholders and regulatory authorities.