Rana Sugars Limited , a prominent player in the sugar industry, has reported its financial results for the second quarter of fiscal year 2026, ending September 30, 2025. The company's performance shows a mixed picture, with revenue growth accompanied by a continued net loss.

Key Financial Highlights

• Revenue Growth: Rana Sugars reported a significant increase in revenue from operations, rising to Rs 53,090.41 lakhs in Q2 FY26, up from Rs 38,556.80 lakhs in the same quarter last year.
• Net Loss: Despite the revenue growth, the company posted a net loss of Rs 412.95 lakhs for Q2 FY26. However, this represents an improvement compared to the loss of Rs 1,478.05 lakhs in Q2 FY25.
• Segment Performance: The company's performance varied across its three main segments - Sugar, Power, and Distillery.

Segment-wise Performance

The Distillery segment emerged as the top revenue generator and the only profitable segment for the quarter.

Financial Position

As of September 30, 2025, Rana Sugars Limited reported:

• Total Assets: Rs 1,12,228.17 lakhs
• Total Equity: Rs 55,860.81 lakhs
• Current Liabilities: Rs 43,237.63 lakhs

Management Commentary

Rana Veer Partap Singh, Managing Director of Rana Sugars Limited, stated, "While we continue to face challenges, our focus on operational efficiency and revenue growth is showing results. The significant improvement in our top line and reduction in net loss compared to the same quarter last year are encouraging signs. Our distillery segment's performance has been particularly strong, offsetting some of the pressures in the sugar and power segments."

Outlook

The company's board has approved the unaudited quarterly and half-yearly financial results, indicating improved performance across its sugar, distillery, and power segments despite continuing losses. The management remains committed to further improving operational efficiencies and exploring growth opportunities in the coming quarters.

Investors and stakeholders should note that sugar being a seasonal industry, quarterly results may not be fully representative of the company's annual performance. Rana Sugars continues to navigate market challenges while working towards sustainable profitability.

Rana Sugars Limited , a prominent player in the sugar industry, has announced a significant change in its board composition. Mr. Harneet Singh Oberoi, who served as an Independent Director, has tendered his resignation effective November 15, 2025. The company disclosed this information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reasons for Resignation

Mr. Oberoi cited increasing preoccupation with his legal profession and practice as the primary reason for his departure. In his resignation letter, he expressed that the growing demands of his legal career were making it challenging for him to fulfill his duties and responsibilities as an Independent Director effectively.

Key Details of the Resignation

Impact on Board Composition

The resignation of Mr. Oberoi will affect the board's composition. As an Independent Director, his role was crucial in providing unbiased perspectives and ensuring corporate governance standards. Rana Sugars Limited will need to address this vacancy to maintain the required balance of executive and non-executive directors on its board.

Company's Response

Madhur Bain Singh, the Company Secretary of Rana Sugars Limited, officially communicated the resignation to the stock exchanges. The company has complied with the necessary regulatory requirements by providing detailed information as mandated under Schedule III of the SEBI (LODR) Regulations, 2015.

Looking Ahead

While Mr. Oberoi's departure marks a change in the company's leadership structure, it also opens up an opportunity for Rana Sugars Limited to bring in fresh perspectives to its board. The company has not yet announced any plans for appointing a replacement, but stakeholders will be watching for updates on this front.

As Rana Sugars Limited navigates this transition, the focus will likely remain on maintaining strong corporate governance practices and ensuring that the board continues to provide effective oversight and guidance to the company's operations.