Dharani Sugars and Chemicals Limited (NSE: DHARSUGAR) has closed its trading window for all directors and designated persons effective October 1, 2026. This closure remains in force until 48 hours after the company declares its unaudited financial results for the quarter ended September 30, 2026.

The restriction applies to all connected persons and their immediate relatives, prohibiting them from dealing in the company's securities during this period. The move complies with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct regarding insider trading.

Regulatory compliance details

The company informed both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of the closure in a filing dated September 24, 2026. The notification cites the requirement to prevent the misuse of unpublished price-sensitive information ahead of the board meeting to approve the quarterly results.

Board meeting schedule

The date of the board meeting to approve the unaudited financial results for the second quarter of fiscal year 2027 will be announced in due course. Until that announcement is made and the subsequent 48-hour cooling-off period elapses, all designated persons must refrain from trading in the company's shares on either exchange.

Dharani Sugars and Chemicals Limited (NSE: DHARSUGAR) has scheduled its 39th Annual General Meeting (AGM) for Friday, September 25, 2026, at 11:00 am. The meeting will be held through Video Conferencing or Other Audio-Visual Means (VC/OAVM).

The primary focus of the upcoming AGM is the approval of significant related party transactions (RPTs) required to fund the company's revival efforts. Shareholders are asked to approve borrowing limits of ₹300 crore from Dharani Developers Private Limited (DDPL) and ₹25 crore from promoter Dr Palani G Periasamy.

Key Agenda Items

The Board of Directors has placed several resolutions before shareholders for the financial year ended March 31, 2026:

• Adoption of Financial Statements: Approval of the audited balance sheet, profit and loss account, and cash flow statements for FY26.
• Director Reappointment: Reappointment of Mrs Visalakshi Periasamy as a Non-Executive Director. She retires by rotation but is eligible for reappointment under Regulation 17(1A) of the SEBI LODR Regulations due to her age exceeding 75 years.
• Cost Auditor Ratification: Ratification of remuneration up to ₹1.5 lakh plus expenses to M/s SRR Associates for the cost audit of FY27.
• Related Party Transactions: Omnibus approval for borrowings from DDPL (up to ₹300 crore) and Dr Palani G Periasamy (up to ₹25 crore). These funds are intended to meet liquidity requirements, statutory obligations, and operational readiness costs as the company prepares to restart commercial operations.

Schedule and Voting Details

Shareholders holding equity shares on the record date of September 18, 2026, are eligible to vote. The Register of Members and Share Transfer Books will remain closed from September 19, 2026, to September 25, 2026.

Remote e-voting will be available from September 22, 2026, at 9:00 am until September 24, 2026, at 5:00 pm. The e-voting facility is provided by Central Depository Services (India) Limited (CDSL).

Operational Context

The company exited the Corporate Insolvency Resolution Process (CIRP) in May 2024 following the approval of a resolution plan. However, it has not yet commenced cane crushing operations due to pending clearance of cane price arrears from the 2018-19 season. The proposed related party borrowings are critical for bridging the liquidity gap until commercial production resumes.

The statutory auditors, Srivatsan & Associates, issued a qualified opinion on the FY26 financial statements, citing material uncertainties regarding going concern status, default on restructuring covenants with NARCL, and non-payment of farmer dues.