Uttam Sugar Mills reported total revenue of ₹2,11,643 lakhs for FY26, a 17.55% increase over the previous year, as the company schedules its 31st Annual General Meeting for September 18, 2026.

The AGM will be held via video conferencing or other audio-visual means at 12:00 noon on September 18, 2026. Shareholders can access the integrated annual report and AGM notice through web links provided on the company website and stock exchange portals.

FY26 Financial Performance

The company delivered broad-based growth across key financial metrics. Revenue from operations rose 17.67% to ₹2,11,025.82 lakhs, driven by higher sugar and ethanol volumes and better sugar realisations. EBITDA increased 2.37% to ₹22,758 lakhs, while Profit Before Tax grew 7.23% to ₹13,278.64 lakhs. Profit After Tax rose 8.23% to ₹9,874.48 lakhs, with Earnings Per Share improving 8.24% to ₹25.89.

The following table summarises the key FY26 financial highlights:

Segment-wise Revenue

Sugar remained the dominant revenue contributor at ₹1,52,595.33 lakhs, up 16% from ₹1,31,093.95 lakhs in the previous year, supported by a 12% increase in sales volume and better net realisations of ₹4,143 per quintal versus ₹3,984 per quintal. Distillery revenue reached ₹49,009 lakhs, with industrial alcohol production rising 32% to 877 lakh bulk litres. Power export revenue stood at ₹5,712.22 lakhs.

Operational Highlights

The company crushed 327.39 lakh quintals of sugarcane during FY26, producing 30.68 lakh quintals of sugar at a recovery rate of 9.37%. Sugarcane crushing in Sugar Season 2025-26 declined approximately 25% to 301.51 lakh quintals from 401.68 lakh quintals in SS 2024-25, primarily due to crop damage from excessive rains and floods. Sugar recovery improved to 9.42% in SS 2025-26 from 8.94% in SS 2024-25.

Key operational metrics for FY26 are presented below:

31st AGM Agenda and Key Resolutions

The Board approved a 25% final dividend on May 15, 2026. Shareholders must approve this payout at the AGM. The record date for eligibility is September 11, 2026, with payout scheduled on or before October 17, 2026.

Key resolutions on the AGM agenda include:

The borrowing and security creation limits supersede previous approvals from 2014 and are intended to align with the current legal framework under the Companies Act, 2013.

Dividend Timeline and TDS Guidelines

Key dates for the dividend process are as follows:

Dividend income is taxable under the Income Tax Act, 2025. For resident individuals with a valid PAN, TDS is deducted at 10%. If PAN is not linked with Aadhaar or is invalid, the rate rises to 20%. No tax is deducted if total dividend received during Tax Year 2026-27 does not exceed ₹10,000, or if the shareholder submits Form 121 meeting all eligibility conditions.

Non-resident shareholders face a withholding tax of 20% plus applicable surcharge and cess under domestic law, with the option to avail beneficial rates under Double Tax Avoidance Agreements (DTAA) upon submission of requisite documents including a valid Tax Residency Certificate and e-filed Form 41.

Credit Ratings

The company's credit profile has strengthened, with upgrades from both India Ratings & Research and CARE Ratings Limited:

Shareholder Actions Required

Shareholders must ensure bank account details are updated with Depository Participants or the RTA to facilitate electronic dividend credit. Tax documents such as Form 121 and Form 41 must be uploaded via the RTA portal by September 11, 2026. Any submissions received after this date will not be considered. Failure to link PAN with Aadhaar will result in higher TDS deductions.

Members holding shares in physical mode who have not registered their email addresses are requested to update them via the RTA portal or by writing to investorrelation@uttamsugar.in . KYC completion, including PAN and bank details, is mandatory for all shareholders to ensure smooth dividend processing and compliance with SEBI regulations.

Uttam Sugar Mills filed its Business Responsibility and Sustainability Report (BRSR) for FY26 with the National Stock Exchange of India Ltd and BSE Limited on August 24, 2026. The disclosure covers environmental performance, employee welfare, and governance metrics.

The company operates four plants across Uttar Pradesh and Uttarakhand. Its business activities account for 73.92% turnover from sugar production, 23.36% from distillery and allied products, and 2.72% from power generation. Exports contributed nil percentage to total turnover during the period.

Environmental Performance

Uttam Sugar Mills reported total energy consumption of 606,943.86 GJ in FY26, down from 704,377.49 GJ in FY25. All energy was sourced from renewable sources, primarily bagasse and slop. Total water withdrawal increased to 463,954 kilolitres from 393,528 kilolitres in the prior year, entirely sourced from groundwater.

The company implemented Zero Liquid Discharge (ZLD) processes at all distilleries. Total waste generated fell to 803.40 metric tonnes from 1,031.43 metric tonnes in FY25. Of this, 364 metric tonnes were recycled.

Social Metrics

As of March 31, 2026, the company employed 504 permanent employees and 2,693 workers. Female representation among permanent employees stood at 2.38%. The permanent employee turnover rate declined to 6.66% in FY26 from 8.17% in FY25. Training coverage reached 88.31% of employees and 82.45% of workers.

Governance and Compliance

The report highlights no monetary or non-monetary penalties paid to regulators during FY26. Related-party purchases constituted 2.19% of total purchases, up from 0.25% in FY25. Sales to related parties were 0.64% of total sales. The company maintains a Code of Conduct and Whistle Blower Policy but does not have a dedicated anti-corruption policy or ESG committee.

What the Numbers Show

A notable divergence exists between water withdrawal trends and operational claims. While the company states it operates with "zero ground water extraction" at sugar units, total groundwater withdrawal rose by approximately 18% year-on-year to 463,954 kilolitres. This suggests increased reliance on groundwater sources, potentially linked to distillery operations or other non-sugar manufacturing processes not covered by the zero-extraction claim.