SBEC Sugar Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling mandatory regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The filing, dated April 10, 2026, pertains to the quarter ended March 31, 2026.

Regulatory Compliance Filing

The certificate was filed pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer A.K. Goel submitted the documentation on behalf of SBEC Sugar Limited, with the filing digitally signed and authenticated.

Registrar Confirmation

Beetal Financial & Computer Services Private Limited, serving as the company's Registrar and Share Transfer Agent, provided the underlying certificate. The SEBI-approved Category I Registrar (Registration No. INR 000000262) confirmed compliance with dematerialization requirements for the quarter.

The registrar's certificate, dated April 3, 2026, and signed by General Manager Punit Mittal, addresses key regulatory compliance areas:

• Securities received from Depository Participants for dematerialization were properly confirmed to depositories
• All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialization were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within the mandated 15-day period

Regulatory Framework

The filing references multiple regulatory circulars and guidelines, including NSDL circular dated January 25, 2019, CDSL policy dated January 25, 2019, and SEBI letter dated January 24, 2019. These regulations ensure proper handling of dematerialization processes and maintain investor protection standards.

Corporate Compliance

This quarterly filing demonstrates SBEC Sugar Limited's adherence to mandatory regulatory requirements governing depositories and participants. The systematic submission of compliance certificates helps maintain transparency in share transfer and dematerialization processes, ensuring investor confidence and regulatory compliance.

India's sugar industry has recorded substantial growth in production levels, with output reaching 26.2 million tons as of March 15, marking a notable 10.5% year-on-year increase according to the Indian Sugar Mills Association (ISMA). This growth trajectory demonstrates the resilience and efficiency improvements within the country's sugar manufacturing sector.

Production Performance Overview

The latest ISMA data reveals encouraging trends in India's sugar production landscape. Despite operating with fewer mills, the industry has managed to achieve higher output levels, indicating enhanced operational efficiency across manufacturing facilities.

Operational Efficiency Gains

The sugar industry's ability to increase production while operating 25 fewer mills compared to the previous year highlights significant improvements in manufacturing efficiency. With 157 mills currently operational versus 182 mills in the corresponding period last year, the sector has demonstrated enhanced productivity per facility.

Industry Implications

This production increase comes at a crucial time for India's sugar sector, as the country continues to be one of the world's largest sugar producers. The improved output levels, coupled with more efficient operations, position the industry favorably for meeting both domestic consumption needs and export opportunities.

The ISMA data underscores the sugar industry's capacity to optimize production processes and maintain growth momentum despite operational challenges. This performance trend reflects the sector's ongoing modernization efforts and improved manufacturing practices across sugar mills nationwide.