Piccadily Sugar & Allied Industries Limited has announced a board meeting scheduled for February 5, 2026, to deliberate on a significant fundraising initiative through preference share issuance.

Board Meeting Details

The company has informed BSE Limited about the upcoming board meeting in compliance with Regulation 29(1)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting will focus on considering and approving the issuance of non-convertible, cumulative, non-participating, redeemable preference shares (NCRPS) through private placement.

NCRPS Structure

The proposed preference shares carry specific characteristics that make them distinct from equity shares:

• Non-convertible: Cannot be converted into equity shares
• Cumulative: Dividend entitlements accumulate if not paid
• Non-participating: Limited to fixed dividend without sharing in surplus profits
• Redeemable: Can be bought back by the company at maturity

Regulatory Compliance

The announcement demonstrates the company's adherence to regulatory requirements for transparency in corporate actions. Company Secretary and Compliance Officer Kajal Goel signed the intimation letter, ensuring proper disclosure to stakeholders and the stock exchange.

Corporate Information

Piccadily Sugar & Allied Industries Limited operates with its registered office located at Jakhal Road, Tehsil Patran, District Patiala, Punjab, while maintaining its corporate office in Chandigarh. The company trades on BSE under scrip code 507498.

Piccadily Sugar & Allied Industries Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing a mixed performance with operational improvements in the nine-month period despite quarterly revenue challenges.

Financial Performance Overview

The company's Q3FY26 results present a contrasting picture when compared to the previous year's corresponding quarter and the nine-month performance.

Nine-Month Performance Shows Strong Recovery

The nine-month period ended December 31, 2025, demonstrates significant improvement in the company's financial position compared to the same period in the previous year.

Operational Metrics and Cost Structure

The company's operational expenses for Q3FY26 totaled ₹165.68 crore compared to ₹401.11 crore in Q3FY25, showing improved cost management. Key expense components included:

• Cost of materials consumed: ₹47.28 crore
• Employee benefits expense: ₹11.43 crore
• Depreciation and amortization: ₹54.55 crore
• Other expenses: ₹49.30 crore

Corporate Governance and Compliance

The financial results were reviewed by the Audit Committee on January 19, 2026, and subsequently approved by the Board of Directors in their meeting held on January 20, 2026. The board meeting commenced at 6:15 PM and concluded at 7:00 PM.

Key Financial Highlights

The company maintained its paid-up equity share capital at ₹2,325.45 crore with a face value of ₹10 per share throughout all reported periods. The basic and diluted earnings per share for Q3FY26 stood at ₹0.08 compared to ₹0.31 in the corresponding quarter of the previous year.

Future Outlook

According to the notes accompanying the financial results, Piccadily Sugar & Allied Industries is currently in the process of implementing an ENA/Ethanol Plant, indicating the company's strategic focus on expanding its operational capabilities in the ethanol segment.