Vishwaraj Sugar Industries Limited has filed its mandatory compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate submission demonstrates the company's continued adherence to regulatory requirements governing securities dematerialization processes.

Regulatory Compliance Certificate

The certificate was issued by Bigshare Services Private Limited, the company's Registrar and Share Transfer Agent, and subsequently submitted to both BSE Limited and National Stock Exchange of India Limited on April 16, 2026. The document confirms compliance with key regulatory requirements for the quarter ended March 31, 2026.

Key Confirmations

The certificate provides confirmation on two critical aspects of securities handling:

• Dematerialization Process: Securities received from Depository Participants for dematerialization up to March 31, 2026 were properly confirmed to the depositories, with all securities comprised in the certificates being listed on stock exchanges where earlier securities were listed
• Certificate Processing: Security certificates received for dematerialization have been mutilated and cancelled after due verification by the Depository Participant, with depositories' names substituted in the register of members as registered owners within the mandated 15-day timeframe

Corporate Information

Vishwaraj Sugar Industries Limited operates from its registered office at Bellad-Bagewadi, Taluka Hukkeri, District Belagavi, Karnataka. The company maintains its listing on both major Indian stock exchanges with scrip codes 542852 on BSE and VISHWARAJ on NSE. The certificate was digitally signed by Managing Director Nikhil Umesh Katti, confirming the company's commitment to transparent regulatory compliance and proper corporate governance practices.

Vishwaraj Sugar Industries Limited announced its Q3 FY26 financial results, revealing challenging operational performance with the company posting a net loss during the quarter. The Board of Directors approved the unaudited financial results for the quarter ended December 31, 2025, at their meeting held on February 12, 2026.

Financial Performance Overview

The company's financial performance showed significant deterioration compared to the previous year. Key financial metrics demonstrate the challenges faced during the reporting period.

Expense Analysis

Total expenses for Q3 FY26 stood at ₹8,617.89 lakhs compared to ₹9,318.94 lakhs in Q3 FY25. The major expense components included cost of materials consumed at ₹19,867.84 lakhs, offset by favorable changes in inventories of ₹14,120.80 lakhs. Employee benefits expense increased to ₹762.24 lakhs from ₹693.39 lakhs, while finance costs decreased significantly to ₹407.55 lakhs from ₹1,343.22 lakhs in the previous year.

Nine-Month Performance

For the nine months ended December 31, 2025, the company reported comprehensive financial metrics showing continued operational challenges.

Segment Performance

The company operates across multiple business segments with varying performance levels. The sugar segment generated revenue of ₹5,440.43 lakhs in Q3 FY26, while the distillery segment contributed ₹1,237.06 lakhs. The co-generation segment recorded revenue of ₹911.92 lakhs, and the vinegar unit contributed ₹238.92 lakhs to total operations.

Balance Sheet Position

As of December 31, 2025, the company maintained total assets of ₹80,706.24 lakhs compared to ₹81,852.93 lakhs as of March 31, 2025. Total equity stood at ₹24,270.99 lakhs, while total liabilities were ₹56,435.25 lakhs. The company's paid-up equity share capital remained constant at ₹4,356.55 lakhs with a face value of ₹2 per equity share.

Cash Flow Analysis

For the nine months ended December 31, 2025, the company generated net cash from operating activities of ₹9,037.68 lakhs. Cash flows from investing activities showed an outflow of ₹3,944.84 lakhs, primarily due to capital expenditure. Financing activities resulted in a net cash outflow of ₹5,207.01 lakhs, leading to a net decrease in cash and cash equivalents of ₹114.16 lakhs.