SIL Investments Limited has confirmed that it, along with persons acting in concert, did not create any encumbrance on the shares of Avadh Sugar & Energy Limited during the financial year ended March 31, 2026. The declaration was submitted to the stock exchanges to comply with regulatory disclosure requirements regarding share holdings.

The disclosure was made in pursuance of Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company stated that no encumbrance was made directly or indirectly, other than those already disclosed to the exchanges and the target company.

The filing, dated April 7, 2026, was signed by Lokesh Ashwin Gandhi, Company Secretary of SIL Investments Limited. Copies of the declaration were also sent to the Audit Committee and the registered office of Avadh Sugar & Energy Limited.

Avadh Sugar & Energy Limited reported its audited financial results for the quarter and year ended March 31, 2026, approved at a Board of Directors meeting held on May 12, 2026. The company's revenue from operations for the year rose to ₹2,69,351.81 lakhs from ₹2,63,559.08 lakhs in the previous year. However, net profit after tax (PAT) for the full year declined to ₹5,730.53 lakhs (Rs. 57 Cr), compared to ₹8,793.51 lakhs (Rs. 88 Cr) in the prior year. The basic and diluted earnings per share (EPS) stood at ₹28.63 for FY26, down from ₹43.93 in the previous year. The statutory auditors, M/s. S R Batliboi & Co LLP, issued an audit report with an unmodified opinion on the audited financial results. Subsequently, the company published newspaper advertisements disclosing an extract of these audited financial results in The Business Standard (English & Hindi, Lucknow Edition) on May 13, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance for FY26

For the year ended March 31, 2026, total income increased to ₹2,69,857.46 lakhs (Rs. 2,699 Cr) from ₹2,63,939.60 lakhs (Rs. 2,639 Cr) in the previous year. EBITDA for FY26 stood at Rs. 226 Cr, compared to Rs. 280 Cr in FY25. Total expenses also rose to ₹2,60,805.56 lakhs from ₹2,50,349.08 lakhs. The company recognised exceptional items amounting to an expense of ₹210.26 lakhs related to the implementation of New Labour Codes. Additionally, differential revenue of ₹989.39 lakhs was recognised pursuant to a UPERC notification revising power tariffs.

Quarterly Performance: Q4 FY26

In the quarter ended March 31, 2026, total income stood at Rs. 672 Cr, compared to Rs. 678 Cr in Q4 FY25. EBITDA for Q4 FY26 came in at Rs. 121 Cr, against Rs. 149 Cr in the corresponding quarter of the previous year. PAT for Q4 FY26 stood at Rs. 56 Cr, compared to Rs. 72 Cr in Q4 FY25. Revenue from operations for the quarter was ₹67,061.33 lakhs, compared to ₹67,878.07 lakhs in Q4 FY25. Net profit after tax for the quarter was ₹5,561.23 lakhs, a decrease from ₹7,167.67 lakhs in Q4 FY25. The EPS for the quarter was ₹27.78, down from ₹35.81 in the same period last year.

Segment Performance and Corporate Actions

The Sugar segment remained the largest contributor, reporting revenue of ₹2,57,151.05 lakhs for the year, followed by Distillery at ₹52,962.09 lakhs and Co-generation at ₹22,673.61 lakhs. Total segment profit before finance costs and tax was ₹17,861.80 lakhs.

The Board of Directors recommended a final dividend of ₹10 per equity share of ₹10 each for the year ended March 31, 2026, subject to shareholder approval. Additionally, the Board appointed Mr. Amit Dalal (DIN: 00297603) as an Independent Director for five years with effect from May 12, 2026, and re-appointed Mr. Somnath Mukherjee as Cost Auditor for FY2026-27.

Management Commentary

Commenting on the results, Mr. C.S. Nopany, Co-Chairperson and Managing Director, Avadh Sugar & Energy Ltd, said: "Uttar Pradesh's sugar and ethanol sector continues to evolve amid near-term operational and cost pressures. While sugar production has moderated due to lower cane yield and availability, early mill closures, and weather-led recovery variations, the recent SAP hike is expected to tighten sugar mill margins unless offset by stronger realizations. Meanwhile, the Ethanol Blending Programme continues to progress well, and industry participants remain optimistic that the Central Government may further raise blending targets over time to reduce India's dependence on crude oil imports. Supported by higher molasses allocation, expanding integrated capacities, and strong policy thrust, UP remains strategically positioned for long-term growth across both sugar and ethanol value chains.

At Avadh, our commitment to sustainable and inclusive growth remains steadfast through operational efficiency and our unwavering focus on sugarcane development. The crushing capacity at the Hargaon unit has successfully been increased from 10,000 TCD to 13,000 TCD with the commencement of the sugar season 2025–26. The Company will continue to focus on optimising its existing assets supported by prudent capital allocation and strong governance to drive durable long-term value creation for all its stakeholders."