Uttam Sugar Mills has confirmed full compliance with the Securities and Exchange Board of India (SEBI) regulations for the financial year ended March 31, 2026. The company submitted its Annual Secretarial Compliance Report to the National Stock Exchange of India and B.S.E. Limited on May 28, 2026. The certification confirms that the listed entity adhered to all applicable provisions, including the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Securities Contracts (Regulation) Act, 1956.

The examination conducted by M/s N. K. Rastogi & Associates, Company Secretaries, covered documents, records, filings, and the company website. The report specifically noted that there were no deviations from compliance requirements during the review period. Consequently, no fines were imposed, and no actions were taken by SEBI or the stock exchanges against the company, its promoters, directors, or subsidiaries.

Compliance Status

The report detailed the compliance status across several key operational and governance areas. The company confirmed that all applicable policies under SEBI Regulations were adopted and updated with board approval. Additionally, the functional website maintained by the entity ensured timely dissemination of required documents and information.

Governance and Disclosures

Uttam Sugar Mills conducted performance evaluations of the Board, Independent Directors, and Committees as prescribed. All related party transactions were entered into after obtaining prior approval from the Audit Committee. The company also provided all required disclosures under Regulation 30 of the SEBI LODR Regulations within the stipulated time limits.

The report confirmed there were no additional non-compliances observed regarding any SEBI regulation, circular, or guidance note. The certification was issued by Naveen Kumar Rastogi, Proprietor of M/s N. K. Rastogi & Associates.

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.