Rajshree Sugars & Chemicals reported a substantial increase in sugar production and cane crushing volumes for July 2026, driven by strong performance across its three manufacturing units. The operational data, filed with stock exchanges on August 7, 2026, reveals that total sugar production rose significantly compared to July 2025, reflecting higher cane availability and processing efficiency during the ongoing 2025-26 sugar season.

The filing details performance metrics for each unit, highlighting Unit II in Villupuram District as the primary contributor to volume growth. While Unit I in Theni District saw a decline in monthly cane crushing, it maintained steady production levels. Unit III in Gingee Taluk recorded the most dramatic year-on-year improvement in both crushing and production figures. Additionally, the company’s cogeneration facilities increased power exports to the grid, supporting its energy diversification strategy.

Operational Performance by Unit

The company operates three sugar factories, each reporting distinct trends in July 2026. The data below outlines the key metrics for sugar production, molasses handling, and power generation.

Unit I: Varadarajnagar, Theni District

Unit I processed 11,091 MTs of cane in July 2026, down from 15,888 MTs in July 2025. Despite lower crushing volumes, sugar production stood at 898 MTs, compared to 1,351 MTs in the previous year. Cumulative production for the season reached 11,044 MTs. Molasses production was 175 MTs, while own consumption and sales totaled 335 MTs. The unit generated 4.80 lakh units of power, exporting 0.49 lakh units to the grid.

Unit II: Mundiypakkam, Villupuram District

Unit II demonstrated robust growth, crushing 1,20,874 MTs of cane in July 2026, up from 61,708 MTs in July 2025. Sugar production surged to 9,088 MTs from 4,783 MTs year-on-year. Sales were strong at 4,730 MTs, compared to 1,088 MTs in July 2025. Cumulative season production reached 39,220 MTs. The unit produced 6,240 MTs of molasses and generated 128.98 lakh units of power, with 89.78 lakh units exported to the grid.

Unit III: Semmedu Village, Villupuram District

Unit III recorded significant expansion, crushing 41,058 MTs of cane versus 3,482 MTs in July 2025. Sugar production jumped to 2,924 MTs from 226 MTs. Sales reached 594 MTs, up from 55 MTs. Cumulative production for the season stood at 32,194 MTs. The unit generated 44.57 lakh units of power, exporting 27.77 lakh units to the grid.

Consolidated Metrics

What the Numbers Show

The operational data indicates a clear concentration of volume growth in Unit II and Unit III, which together accounted for the majority of the increase in cane crushing and sugar production. Unit II alone contributed over 70% of the total sugar production in July 2026. The surge in power exports, particularly from Unit II, suggests improved efficiency in cogeneration operations, allowing the company to monetize excess energy more effectively. The disparity in performance between Unit I and the other two units highlights varying local conditions or operational scales, with Unit I operating at a significantly smaller capacity during this period.

Rajshree Sugars & Chemicals company name shareholders approved the appointment of M/s. Karthikeyan & Jayaram as its new Statutory Auditors for a five-year term at its 40th Annual General Meeting (AGM) held on July 23, 2026. The meeting also saw the re-appointment of R. Varadarajan as Wholetime Director for five years, effective June 5, 2026. These governance decisions were passed with near-unanimous support, reflecting strong alignment between the promoter group and public non-institutional investors on leadership continuity and audit oversight.

The AGM was conducted via Video-Conferencing/Other Audio-Visual Means (VC/OAVM) in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ms. Rajshree Pathy, Chairperson, declared the meeting duly convened after confirming the requisite quorum at the deemed venue in Uppilipalayam, Coimbatore. Scrutinizer B. Krishnamoorthi, Chartered Accountant, reported that all proposed resolutions were passed with a requisite majority.

Auditor Rotation and Appointment

The most significant governance change involves the mandatory rotation of statutory auditors. M/s. S. Krishnamoorthy & Co., Chartered Accountants (Firm Registration No. 001496S), retired upon completion of two consecutive five-year terms. Shareholders appointed M/s. Karthikeyan & Jayaram, Chartered Accountants (Firm Registration No. 007570S), as the new Statutory Auditors. The firm’s mandate covers the audit of financial statements for the five financial years ending March 31, 2027, to March 31, 2031.

M/s. Karthikeyan & Jayaram, established in November 1974, has offices in Coimbatore and Erode and seven partners. It provides services in audit, assurance, risk advisory, taxation, and corporate advisory across sectors including manufacturing, banking, and agro-based industries. The Chairperson confirmed that both the previous Statutory Auditors’ Report and the Secretarial Audit Report contained no qualifications or observations.

Leadership Continuity

Shareholders re-appointed Mr. R. Varadarajan (DIN: 00001738) as a Director liable to retire by rotation and as Wholetime Director for five years, from June 5, 2026, to June 4, 2031. This tenure includes his continuation in the role after attaining the age of 70. Mr. Varadarajan has been associated with the company since its inception in 1987 and currently serves as President of the South Indian Sugar Mills Association (SISMA). He holds Master's degrees in Business Management and English Literature.

The Board also secured approval for the ratification of remuneration payable to M/s. S. Mahadevan & Co., Cost Auditors, for the financial year ending March 31, 2027.

Voting Results Summary

Remote e-voting was open from July 20 to July 22, 2026. As of the cut-off date on July 16, 2026, 31,512 shareholders held equity shares. Promoter and Promoter Group holdings accounted for 13,492,021 shares, all voting in favor. Public Non-Institutions held 18,689,316 shares, with approximately 15% participating in e-voting. Public Institutions did not cast any votes.

What the Numbers Show

The near-unanimous support across all resolutions, including the special resolution for Mr. Varadarajan’s tenure beyond age 70, indicates stable shareholder confidence in the company’s long-term strategic direction. The clean audit reports from the outgoing firm suggest no major compliance issues during the transition period.