Dharani Sugars and Chemicals Limited has disclosed a fresh loan default of ₹61.11 crores to IFCI Ltd, comprising a principal repayment of ₹57.46 crores and an interest component of ₹3.65 crores. The Chennai-based sugar and chemicals manufacturer filed Form C1 under SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated 21st November 2019, with the disclosure made on 05.05.2026 in respect of the default that occurred on 06th April 2026.

Default Details and Financial Impact

Unlike the earlier disclosure which involved only a principal component, this latest filing includes both principal and interest arrears owed to IFCI Ltd. The breakdown of the current default is as follows:

Outstanding Borrowing Structure

Dharani Sugars maintains a concentrated borrowing profile with two primary lenders. The company's total outstanding borrowings from banks and financial institutions amount to ₹314.18 crores, all classified as secured loans. The detailed loan structure, including tenure and applicable interest rates, is presented below:

National Asset Reconstruction Company Ltd represents the largest exposure within the company's debt profile. The Sugar Development Fund loan carried a shorter tenure and a lower interest rate of 5.75%, while the NARCL facility carries an interest rate of 12.00%.

Regulatory Compliance and Disclosure

The company has fulfilled its regulatory obligations by filing the mandatory disclosure within the prescribed timeframe. The total financial indebtedness of ₹314.18 crores represents the complete debt profile of the company, encompassing both short-term and long-term obligations. The filing confirms that the unlisted debt securities section — covering Non-Convertible Debentures (NCDs) and Non-Convertible Redeemable Preference Shares (NCRPS) — is marked as "Not Applicable," indicating that the company's debt structure is primarily bank and financial institution-based rather than market-based instruments.

Dharani Sugars and Chemicals Limited has submitted its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The Chennai-based company filed the mandatory certificate with depositories and stock exchanges on April 8, 2026, demonstrating adherence to regulatory requirements for securities dematerialization.

Regulatory Compliance Certificate

The certificate was issued under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. Company Secretary E P Sakthivel submitted the documentation to key financial institutions and regulatory bodies.

Registrar Confirmation

Cameo Corporate Services Limited, serving as the company's Registrar and Share Transfer Agent, issued the confirmation certificate on April 06, 2026. The registrar confirmed that all securities received from depository participants for dematerialization during the quarter were properly processed and accepted or rejected to the depositories.

The certificate validates that:

• Securities comprised in the certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialisation have been mutilated and cancelled after due verification
• Names of depositories have been substituted in the Register of Members as registered owners within 15 days

Submission Details

The compliance certificate was submitted to multiple regulatory and market infrastructure institutions. Primary recipients included Central Depository Services (India) Limited and National Securities Depository Limited in Mumbai.

Company Information

Dharani Sugars and Chemicals Limited operates from its registered office at PGP House, Sterling Road, Nungambakkam, Chennai. The company maintains its corporate identification number as L15421TN1987PLC014454 and operates under GST number 33AAACD1281F1Z7. This quarterly filing represents part of the company's ongoing regulatory compliance obligations as a publicly listed entity.