EID Parry (India) Limited has announced that its Board of Directors will convene on February 12, 2026, to review and approve the company's quarterly financial performance. The meeting notice was issued on January 28, 2026, in accordance with regulatory requirements.

Board Meeting Details

The scheduled board meeting will focus on considering and approving the company's financial results for the third quarter of fiscal year 2026. The meeting is set to take place on Thursday, February 12, 2026.

Regulatory Compliance

The notice was issued pursuant to Regulation 29 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates listed companies to inform stock exchanges about board meetings where financial results will be considered.

Company Secretary Biswa Mohan Rath signed the official communication on January 28, 2026, at 11:45:48 +05'30'. The notice was formally submitted to both major stock exchanges where the company's shares are listed.

Stock Exchange Communication

The company has informed both BSE Limited and National Stock Exchange of India Limited about the upcoming board meeting. E.I.D. - Parry (India) Limited trades on BSE with scrip code 500125 and on NSE with scrip code EIDPARRY.

The company is headquartered at Dare House, 234, N.S.C. Bose Road, Parrys Corner, Chennai 600 001, and operates under CIN L24211TN1975PLC006989. Investors and stakeholders can access more information through the company's official website at www.eidparry.com .

EID Parry , a leading player in the sugar industry, reported mixed results for the second quarter, reflecting the challenges faced by the sector. The company's performance was marked by flat sugar segment revenue and a significant decline in consumer products, while navigating industry-wide headwinds.

Sugar Segment Performance

The sugar segment revenue remained flat at INR 368.00 crores compared to the corresponding quarter of the previous year. The company crushed 3.66 lakh metric tons (LMT) of sugarcane, down from 5.62 LMT in the same period last year. However, the recovery rate improved to 7.97% from 7.60% year-over-year.

Consumer Products Face Headwinds

The Consumer Products Group experienced a substantial 30% decline in turnover, dropping to INR 169.00 crores from INR 236.00 crores in the previous year. This decrease was primarily attributed to:

1. Restrictions on release quota in the sweetener category
2. Lower realizations
3. Significant fall in market prices of pulses

Ethanol and Distillery Operations

Despite industry challenges, EID Parry maintained strong performance in its distillery operations:

• Total alcohol sales: 409 lakh litres (170 lakh litres ENA, 233 lakh litres ethanol)
• Improved price realization: INR 67.50 per litre (up from INR 64.45 per litre)
• Revenue: INR 292.00 crores (up from INR 281.00 crores)

Industry Challenges and Government Policies

The company highlighted several challenges facing the sugar industry:

1. Expected 8 MMT sugar closing stocks for Sugar Year
2. Reduced ethanol allocations, with a shift towards grain-based feedstock
3. Additional INR 50.00 per metric ton cane price burden in Karnataka

Future Outlook and Strategies

EID Parry outlined several strategies to navigate the current market conditions:

1. Consumer Products:

   • Channel consolidation and strengthening commercial terms
   • Focus on more value-added products
   • Exploring new product categories, including convenience foods and snacking

2. Ethanol Production:

   • Maintaining capacity utilization at around 90%
   • No immediate plans for capacity expansion due to industry overcapacity

3. Sugar Operations:

   • Actively representing industry concerns to policymakers
   • Seeking revision of Minimum Support Price (MSP) and increased blend percentage for ethanol

Financial Highlights

Muthiah Murugappan, Whole Time Director & CEO, commented on the results: "We are navigating through a challenging period for the sugar industry. While our sugar segment remains stable, we are focusing on strengthening our consumer products business and optimizing our ethanol operations. We continue to engage with policymakers to address industry concerns and look forward to a more supportive policy environment."

As EID Parry adapts to the evolving market dynamics, the company remains committed to its growth strategy in the consumer products segment while maintaining its strong position in the sugar and ethanol markets.