Rajshree Sugars & Chemicals Limited has reported a significant turnaround in its financial performance for Q1, posting a net profit of ₹5.94 crore compared to a loss of ₹14.14 crore in the same quarter last year. This positive shift comes despite a substantial decline in revenue, highlighting the company's improved operational efficiency.

Financial Highlights

• Revenue: The company's total income from operations dropped by 41.31% to ₹140.93 crore from ₹240.12 crore year-on-year.
• Profitability: Net profit stood at ₹5.94 crore, a marked improvement from the ₹14.14 crore loss in Q1 of the previous year.
• Earnings Per Share (EPS): EPS improved to ₹1.79 from negative ₹4.27 in the previous year.
• Equity and Reserves: The company maintains a paid-up equity share capital of ₹33.14 crore, with negative reserves of ₹6.59 crore, indicating accumulated losses on its balance sheet.

Segment Performance

The company's financial results, as disclosed in its LODR filing, reveal a mixed performance across its three main business segments:

Operational Challenges

The company noted in its filing that the turnover for the quarter under review was lower compared to the corresponding period last year due to lower availability of sugarcane under adverse climatic conditions. This explains the significant drop in revenue despite the improved bottom line.

Management Commentary

R. Varadarajan, Wholetime Director of Rajshree Sugars & Chemicals Limited, signed off on the financial results. The company's management and board of directors reviewed and approved these results in their 215th board meeting held on August 14.

Auditor's Review

S. Krishnamoorthy & Co., Chartered Accountants, conducted a limited review of the financial results. They reported that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

While Rajshree Sugars & Chemicals Limited has shown resilience by turning profitable amidst revenue challenges, the negative reserves on its balance sheet indicate that the company still faces financial hurdles. The strong performance of its distillery segment appears to be a bright spot, potentially offsetting losses in other areas of operation.

Investors and stakeholders will likely be watching closely to see if the company can maintain this positive momentum and address its accumulated losses in the coming quarters.

Rajshree Sugars & Chemicals Limited , a prominent player in the sugar industry, has announced significant changes to its board and management structure following its 39th Annual General Meeting (AGM) held on August 13, 2025.

New Independent Director Appointment

The company has appointed Mr. Rajan Balasubramanian as an Independent Director for a five-year term. Mr. Balasubramanian, a seasoned banking professional with over 36 years of experience at the State Bank of India (SBI), brings extensive expertise in corporate credit, trade finance, and stressed asset management to the board.

Key Highlights of the Appointment

• Term: Mr. Balasubramanian's tenure will commence from the conclusion of the 39th AGM and end at the 44th AGM or upon completion of five years, whichever is earlier.
• Expertise: His core areas of expertise include Corporate Credit, Trade Finance & Forex, SME and Retail Credit, Agricultural Credit, and Stressed Asset Management.
• International Experience: Mr. Balasubramanian has valuable international banking experience, having served as Vice President (Credit, Syndication & Trade Finance) at SBI's Paris Branch for four years.
• Current Roles: He currently serves as a Director and Government of India-nominated Shareholder at the Industrial Investment Bank of India (IIBI) since July 2023.

Other Board Changes

• Reappointment: Ms. Rajshree Pathy has been reappointed as a Non-Executive Non-Independent Director.
• Succession: Mr. Balasubramanian succeeds Mr. S. Krishnaswami, whose tenure as Independent Director concludes on September 29, 2025.

Additional Appointments

• Secretarial Auditor: Mr. G. Soundarrajan has been appointed as the Secretarial Auditor for a fixed term of five financial years from FY 2025-26 to FY 2029-30.

AGM Highlights

The 39th AGM, conducted through video conferencing, saw the passage of all proposed resolutions, including:

1. Adoption of audited financial statements for the year ended March 31, 2025
2. Reappointment of Ms. Rajshree Pathy as Director
3. Appointment of Mr. Rajan Balasubramanian as Independent Director
4. Appointment of Secretarial Auditor
5. Ratification of remuneration for Cost Auditors

The meeting, which commenced at 3:30 PM, concluded at 4:02 PM, with the Chairperson, Ms. Rajshree Pathy, addressing the members on the Indian economy, sugar industry, and the company's operational and financial performance for the fiscal year 2025.

These strategic appointments and reappointments reflect Rajshree Sugars & Chemicals Limited's commitment to strengthening its governance structure and leveraging diverse expertise to drive future growth and stability.