Uttam Sugar Mills Limited announced its audited financial results for the quarter and year ended March 31, 2026, following a Board of Directors meeting held on May 15, 2026. The company reported a consolidated net profit (PAT) of ₹100.59 crore for FY26, an increase from ₹85.80 crore in the previous year. Total consolidated revenue rose to ₹2,209.92 crore from ₹1,854.14 crore, reflecting a year-on-year growth of 19.19%. On a standalone basis, PAT grew to ₹98.74 crore from ₹91.23 crore, while revenue increased by 17.55% to ₹2,116.43 crore.

Dividend Recommendations

The Board of Directors recommended a dividend of ₹2.50 per equity share of face value ₹10 each (25%) for the year ended March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting. Additionally, dividends of 6.50% and 10.00% were recommended on Series-I and Series-II Non-Cumulative Redeemable Preference shares, respectively.

Consolidated Financial Performance

The following table presents the consolidated financial performance for the quarter and full year:

Not annualized for quarterly figures

Standalone Financial Performance

The standalone results are summarized below:

Not annualized for quarterly figures

Standalone Segment Performance

The standalone segment-wise revenue for the year ended March 31, 2026 is presented below (₹ in Lakhs):

Consolidated Segment Performance

The consolidated segment-wise revenue for the year ended March 31, 2026 is presented below (₹ in Lakhs):

Operational Performance

Operational metrics showed mixed trends during the year. Sugar production declined to 30.87 Lakh Qtls in FY26 from 34.69 Lakh Qtls in FY25, attributed to unfavorable weather conditions impacting cane yield. However, sugar sales improved to 36.80 Lakh Qtls from 32.85 Lakh Qtls, and realisation increased to ₹4,143 per Qtls from ₹3,984 per Qtls. The distillery division reported strong growth, with production rising to 877 BL in Lakhs from 666 BL in Lakhs in the previous year. Notably, the Uttar Pradesh Electricity Regulatory Commission revised power tariff with retrospective effect from April 1, 2024, resulting in an increase in revenue from operations for the year ended March 31, 2026 by ₹740 lakhs (comprising ₹671 lakhs for FY25 and ₹69 lakhs for the current year). Additionally, the Government of India's notification of Labour Codes on November 21, 2025 resulted in an increase in gratuity liability of ₹134 Lacs (standalone) and ₹135 Lacs (consolidated), presented as an exceptional item.

Auditor Appointments

The Board, on the recommendation of the Audit Committee, made the following auditor appointments effective May 15, 2026:

M/s S. S. Kothari Mehta & Company LLP, established in 1953, is a well-regarded audit firm with a domestic network across Kolkata, Mumbai, Chandigarh, and other states, with a total staff strength of more than 400 persons including more than 150 Chartered Accountants. M/s M. K. Singhal & Company, Cost Accountants, Noida, set up in 1998, is a peer-reviewed entity providing services in cost records, cost audit, pricing, internal audit, and management consultancy. The statutory audit was conducted by B.K. Kapur & Co., Chartered Accountants (Firm Registration No. 00852C), who issued an unmodified opinion on both standalone and consolidated financial results.

Uttam Sugar Mills Limited has fulfilled its regulatory obligations by submitting the mandatory confirmation certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made to both major stock exchanges where the company's shares are listed.

Regulatory Compliance Submission

The company submitted the confirmation certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 on April 14, 2026. The certificate covers dematerialisation requests, cancellation of certificates, and consequential actions taken during the quarter ended March 31, 2026.

RTA Certification Details

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, serving as the company's Registrar and Transfer Agent, issued the confirmation certificate. The RTA confirmed that securities received from depository participants for dematerialisation during the quarter were properly processed and confirmed to the depositories within prescribed timelines.

The certification confirms that:

• Securities received for dematerialisation were accepted or rejected appropriately
• Security certificates were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners
• All processes were completed within prescribed regulatory timelines

Corporate Governance Framework

The submission was signed by Rajesh Garg, Company Secretary and Compliance Officer, demonstrating the company's commitment to maintaining proper corporate governance standards. The certificate from MUFG Intime India was signed by Ashok Shetty, Sr. Vice President-Corporate Registry, ensuring proper authorization and accountability in the certification process.

Exchange Communication

The company communicated with both National Stock Exchange of India Limited and BSE Limited, providing the required documentation for their records. This dual submission ensures compliance with listing requirements across both major Indian stock exchanges where Uttam Sugar Mills shares are traded.