Uttam Sugar Mills Limited has initiated a postal ballot process to seek approval from preference shareholders for extending the redemption period of its preference shares. The company has formally notified the National Stock Exchange of India Limited and BSE Limited about the publication of the postal ballot notice in leading newspapers.

Postal Ballot Notice Publication

The company published the postal ballot notice in "Financial Express" (English daily) and "Veer Arjun" (Hindi daily) on February 17, 2026. This publication follows the company's earlier intimations to stock exchanges regarding the extension of redemption period for both 6.50% Non-Cumulative Redeemable Preference Shares and 10.00% Non-Cumulative Redeemable Preference Shares.

Voting Process and Timeline

The postal ballot process has been structured with specific timelines for preference shareholders:

Resolution Details

The postal ballot seeks approval for a Special Resolution regarding the "Extension of Redemption Period of 10.00% Non-Cumulative Redeemable Preference Shares in accordance with the provisions of section 48 of the Companies Act 2013." This resolution requires approval from holders of the 10.00% Non-Cumulative Redeemable Preference Shares.

Voting Mechanisms

The company has provided dual voting options for preference shareholders:

• Physical Ballot Forms: Completed forms must reach the scrutinizer at 3, Shankar Vihar, 2nd Floor, Vikas Marg, Delhi-110092 before the close of working hours on March 18, 2026
• Remote E-voting: Electronic voting facility provided through NSDL services during the specified voting period

Preference shareholders whose names appear on the Register of Members as of the cut-off date (February 10, 2026) are eligible to participate in the voting process through either mechanism.

Company Communication

Rajesh Garg, Company Secretary and Compliance Officer, signed the communication to stock exchanges. The company has dispatched postal ballot notices along with postal ballot forms and self-addressed postage prepaid reply envelopes to all preference shareholders on February 16, 2026. Shareholders who have not received the forms can download them from the company website or contact the company for duplicate copies.

Contact Information

For grievances or queries related to the postal ballot process, preference shareholders can contact:

• Company Secretary: Rajesh Garg (Membership No. FCS-5841)
• Address: A-2E, III Floor, CMA Tower, Sector-24, Noida, Uttar Pradesh
• Contact: 0120-4525000
• Email: investorrelation@uttamsugar.in

The results of the postal ballot will be displayed on the company website and communicated to stock exchanges following the conclusion of the voting process.

Uttam Sugar Mills Limited has announced its financial results for the quarter ended December 31, 2025, showcasing mixed performance with strong revenue growth offset by margin compression. The sugar manufacturer reported significant operational improvements in its nine-month performance while facing quarterly profitability challenges.

Quarterly Financial Performance

The company's Q3FY26 standalone results revealed robust revenue expansion alongside margin pressures. Total revenue increased substantially to ₹495.79 crore compared to ₹404.82 crore in Q3FY25, representing a growth of 22.47%. However, profitability metrics showed a different trend with EBITDA declining to ₹56.80 crore from ₹62.76 crore in the corresponding quarter of the previous year.

The consolidated results for Q3FY26 showed similar trends with total revenue reaching ₹523.27 crore, up 22.87% from ₹425.89 crore in Q3FY25. EBITDA on a consolidated basis stood at ₹59.46 crore compared to ₹61.26 crore in the previous year.

Nine-Month Performance Highlights

The nine-month period demonstrated stronger overall performance with significant improvements across key financial metrics. Standalone revenue for 9M FY26 grew 33.15% to ₹1,662.63 crore from ₹1,248.67 crore in 9M FY25. EBITDA increased 25.96% to ₹133.33 crore, while PAT more than doubled to ₹47.17 crore from ₹23.31 crore.

Operational Performance

The company's operational metrics showed positive momentum across its key business segments. Sugar production for 9M FY26 reached 15.14 lakh quintals compared to 13.57 lakh quintals in 9M FY25. Sugar sales increased significantly to 30.45 lakh quintals from 24.25 lakh quintals, with realization improving to ₹4,118 per quintal from ₹3,948 per quintal.

The distillery division demonstrated strong performance with production increasing to 596.33 lakh BL from 392.29 lakh BL in the corresponding period. Distillery sales reached 598.47 lakh BL with realization at ₹56.03 per liter. Power export also grew substantially to 538.81 lakh KWH from 423.54 lakh KWH in 9M FY25.

Manufacturing Capabilities

Uttam Sugar Mills operates four manufacturing units across Uttarakhand and Uttar Pradesh with a combined sugarcane crushing capacity of 27,000 TCD. The company's distillery capacity stands at 350 KLPD, while power generation capacity totals 122 MW. The Barkatpur unit represents the largest facility with 8,500 TCD crushing capacity and 288 KLPD distillery capacity.

Branded and Specialty Division Growth

The company's branded and specialty sugar division continued its growth trajectory with average monthly sales reaching 60,816 quintals in FY26, compared to 51,728 quintals in FY25. This division offers a diverse product portfolio including pharmaceutical-grade sugar, liquid sugar, natural brown sugar, and various specialty products catering to both B2B and B2C markets.

Uttam Sugar Mills' Q3FY26 results reflect the company's ability to drive revenue growth while navigating margin pressures in a competitive market environment. The strong nine-month performance indicates underlying business strength despite quarterly challenges.