Piccadily Sugar & Allied Industries Limited has successfully completed the allotment of non-convertible, cumulative, non-participating, redeemable preference shares (NCRPS) worth ₹10 crore through private placement following the board meeting held on February 5, 2026.

Board Meeting Outcome

The board meeting commenced at 12:00 noon and concluded at 12:30 PM on February 5, 2026, where directors approved the issuance and allotment of NCRPS under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

NCRPS Structure and Terms

The preference shares carry specific features designed for debt settlement purposes with attractive dividend terms for the promoter group entity.

Key Characteristics

The NCRPS structure provides priority dividend rights over equity shares and cumulative dividend entitlements. In case of winding up, these shares rank in priority to equity shares for capital repayment and dividend payments. The shares are non-convertible and cannot be converted into equity shares at any time.

Regulatory Compliance

Company Secretary and Compliance Officer Kajal Goel ensured proper disclosure protocols under SEBI Circular No. SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 regarding preferential allotment. The allotment complies with provisions of the Companies Act, 2013, and the company's Articles of Association.

Company Profile

Piccadily Sugar & Allied Industries Limited operates from its registered office at Jakhal Road, Tehsil Patran, District Patiala, Punjab, with corporate office in Chandigarh. The company trades on BSE under scrip code 507498 and continues to optimize its capital structure through strategic fundraising initiatives.

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.