Rana Sugars board to meet on May 29 to consider Q4, FY26 results

Rana Sugars Limited has announced that its board of directors will meet on Friday, May 29, 2026, to discuss and approve the company's financial performance. The meeting is scheduled to take place at 4:00 p.m. at the company's registered office.

Agenda for the Meeting

The primary agenda for the upcoming board meeting is to consider and approve the audited financial results of the company for the quarter and year ended March 31, 2026. This disclosure is made in compliance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Trading Window Closure

In continuation of a previous communication dated March 26, 2026, regarding the closure of the trading window, rana sugars has stated that the trading window for dealing in the company's shares shall remain closed until May 31, 2026. This measure is intended to prevent the misuse of unpublished price-sensitive information during the period leading up to the financial results announcement.

Company Details

Detail	Information
Company Name	Rana Sugars Limited
Scrip Code	507490
Registered Office	S.C.O.49-50, Sector 8-C, Madhya Marg, Chandigarh - 160 009
Website	www.ranasugars.com

The intimation was signed by Madhur Bain Singh, Company Secretary & Compliance Officer, on behalf of Rana Sugars Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.02%	-4.38%	-11.17%	-6.16%	-16.67%	-21.43%

Rana Sugars Limited has received a significant GST demand order from tax authorities, marking a regulatory challenge for the sugar manufacturing company. The order, issued by the Additional Commissioner, Central GST, Moradabad, pertains to alleged violations during the Financial Year 2019-20.

GST Demand Details

The company received the demand order on April 30, 2026, with authorities raising a consolidated demand against its Moradabad facility. The demand structure reflects the typical components of GST enforcement actions, with interest charges constituting the largest portion of the total amount.

Component:	Amount (₹)
Duty Demand:	23,42,902
Interest:	27,51,740
Penalty:	2,34,290
Total Demand:	53,28,932

Nature of Alleged Violations

The GST authorities have identified multiple compliance issues at the company's Village Belwara facility in Moradabad, Uttar Pradesh. The violations span across different operational aspects of the business:

E-way Bill Violations: Alleged cancellation of e-way bills and delayed re-generation of the same
Molasses Quantity Discrepancy: Detection of excess quantity in molasses transactions
Bio-compost Distribution: Issues related to free distribution of bio-compost

Company's Response and Position

Rana Sugars Limited has strongly contested the demand order, maintaining that the allegations are unfounded. The company's management has indicated that they had previously responded to departmental queries, which were allegedly not considered by the authorities while issuing the order.

The company's assessment suggests the demand is not maintainable, and management is actively evaluating legal remedies. Key aspects of their response include:

Disputing the maintainability of the demand
Citing prior responses to departmental queries
Evaluating options for filing an appeal before the Tribunal or appropriate authority
Expressing confidence in having a strong case

Financial and Operational Impact

According to the company's disclosure, management does not anticipate any material impact on the company's financial position or operations. The company has expressed confidence in its legal position and expects to successfully challenge the demand through appropriate legal channels.

The disclosure was made in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements, ensuring transparency with stakeholders regarding this regulatory development.