EID Parry (India) Limited has completed its quarterly regulatory filing by submitting the mandatory compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The certificate confirms the company's adherence to depository and participant regulations during Q4 FY26.

Regulatory Compliance Filing

The certificate was issued by KFin Technologies Limited, serving as the company's registrar and share transfer agent. Company Secretary Biswa Mohan Rath submitted the documentation to stock exchanges on April 13, 2026, ensuring compliance with SEBI's quarterly reporting requirements.

Certificate Scope and Coverage

The compliance certificate certifies that details of securities dematerialized and rematerialized during Q4 FY26 have been furnished to all stock exchanges where EID Parry's shares are listed. This includes comprehensive reporting of share transfer activities and depository transactions during the quarter.

S.R. Ramesh, DVP Corporate Registry at KFin Technologies Limited, digitally signed the certificates on April 13, 2026. The documentation was prepared in accordance with SEBI (Depositories and Participants) Regulations, 2018.

Stock Exchange Submissions

The certificates were submitted to multiple regulatory bodies and depositories:

• National Stock Exchange of India Limited (Scrip Code: EIDPARRY)
• BSE Limited (Scrip Code: 500125)
• Central Depository Services (India) Limited
• National Securities Depository Limited

Company Information

EID Parry (India) Limited operates from its registered office at Dare House, 234 N.S.C. Bose Road, Parrys Corner, Chennai. The company maintains its corporate registry services through KFin Technologies Limited, which has operations centers in Hyderabad and Mumbai.

The filing represents routine quarterly compliance activity, demonstrating the company's commitment to maintaining transparent depository and share transfer operations in accordance with SEBI regulations.

EID Parry has officially announced the closure of its wholly owned subsidiary's sugar refinery operations following board approvals on March 31, 2026. The company's board meeting, held from 2:00 pm to 7:00 pm, approved the shutdown of Parry Sugars Refinery India Private Limited (PSRIPL) effective from the close of working hours on March 31, 2026.

Financial Impact and Settlement Requirements

The refinery closure comes with substantial financial obligations for the parent company. PSRIPL's total estimated liabilities amount to ₹998.00 crores as of March 31, 2026, including bank borrowings of ₹877.00 crores backed by company support.

The company expects to settle ₹137.00 crores of bank borrowings through asset realization, while the remaining ₹740.00 crores will require fresh equity and loan infusion from the parent company.

Board Approved Financial Support Structure

To address the subsidiary's financial obligations, EID Parry's board approved comprehensive funding arrangements totaling ₹740.00 crores. The equity investment component has been confirmed at up to ₹610.00 crores.

The equity investment will be made through share subscription at face value of ₹10.00 per share on a rights basis, maintaining PSRIPL as a wholly owned subsidiary.

Operational Challenges and Closure Rationale

PSRIPL was established in 2006 as a 2,000 TPD SEZ-based export-oriented sugar refinery at Vakalapudi Village, East Godavari, Kakinada. The original business model focused on importing raw sugar, refining it into white sugar, and exporting to global markets where white sugar commanded significant premiums.

However, multiple structural challenges undermined the project's viability over the years:

• Infrastructure Constraints: Non-availability of natural gas necessitated additional coal boiler investments, substantially increasing operating costs
• Market Deterioration: Sharp decline in white sugar premiums reduced profit spreads significantly, while power export revenue dropped to one-third of original projections
• Operational Setbacks: Factory accidents, substantial demurrage charges, inventory write-offs, hedge losses, and consecutive shutdowns in recent years
• Geographic Disadvantage: Operating from East Coast (Kakinada Port) resulted in high freight costs, limited vessel frequency, and container availability constraints

Financial Performance Overview

Despite contributing significantly to the parent company's revenue, PSRIPL maintained negative financial metrics throughout its operational period. The subsidiary's accumulated losses reached ₹1,406.00 crores as of March 31, 2025.

For FY 2024-25, PSRIPL generated revenue from operations of ₹4,262.45 crores, representing 13.48% of the company's total turnover, while maintaining a negative net worth of ₹672.17 crores.

Regulatory Compliance and Implementation

The closure decision complies with Regulation 30(6) of SEBI Listing Obligations and Disclosure Requirements. EID Parry confirmed having adequate funds to meet the ₹740.00 crores requirement, ensuring smooth settlement of all obligations. The company has provided detailed disclosures as required under SEBI regulations, including comprehensive annexures covering the closure, equity investment, and inter-corporate loan arrangements.