Dharani Sugars and Chemicals Limited has disclosed defaults on bank loans totaling ₹10.48 crores as on March 31, 2026, in compliance with SEBI disclosure requirements. The company filed the mandatory disclosure under Regulation 30, citing defaults that have continued beyond the 30-day threshold period.

Financial Default Details

The company's financial default disclosure reveals significant outstanding obligations across different categories of debt instruments. The defaults specifically relate to loans and revolving facilities from banks and financial institutions.

Regulatory Compliance

The disclosure was made in accordance with SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated November 21, 2019. This regulation mandates listed companies to disclose details of defaults on payment of interest or repayment of principal amount on loans from banks, financial institutions, and unlisted debt securities when defaults continue beyond 30 days.

Debt Structure Analysis

The company's total financial indebtedness of ₹335.37 crores comprises loans and revolving facilities from banks and financial institutions worth ₹314.18 crores, along with unlisted debt securities including NCDs and NCRPS valued at ₹21.19 crores. Notably, the company has maintained its obligations on unlisted debt securities without any defaults.

Corporate Communication

The disclosure was signed by E P Sakthivel, Company Secretary, and submitted to both BSE Limited and National Stock Exchange of India Limited. The company trades under scrip code 507442 on BSE and symbol DHARSUGAR on NSE. The formal communication was dated April 3, 2026, ensuring timely compliance with regulatory requirements.

Dharani Sugars and Chemicals Limited has formally notified stock exchanges that it does not qualify as a "Large Corporate" under SEBI regulations for the financial year 2026-27. The company submitted this confirmation to both BSE and NSE on April 2, 2026, ensuring compliance with regulatory disclosure requirements.

Regulatory Compliance Framework

The disclosure was made pursuant to SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, which specifically addresses fund raising by issuance of debt securities by Large Corporates. This circular establishes criteria for determining Large Corporate status and mandates specific disclosure requirements for companies falling under this category.

Impact on Disclosure Requirements

Since Dharani Sugars and Chemicals Limited does not meet the applicability criteria for Large Corporate classification, the company is exempt from submitting initial disclosure in the prescribed format. This exemption simplifies the regulatory compliance process for the company while ensuring adherence to SEBI guidelines.

Corporate Information

The disclosure was signed by E P Sakthivel, Company Secretary of Dharani Sugars and Chemicals Limited. The company operates from its registered office at PGP House, Sterling Road, Nungambakkam, Chennai, and maintains its corporate identity number as L15421TN1987PLC014454.

This regulatory confirmation ensures transparency in the company's compliance status and provides clarity to investors and stakeholders regarding the applicable regulatory framework for the upcoming financial year.