Simbhaoli Sugars Limited (SSL), currently undergoing Corporate Insolvency Resolution Process (CIRP), has announced that its Interim Resolution Professional (IRP) will convene a meeting on December 29, 2025, to review the company's Q2 FY26 financial results. The company had earlier delayed submitting its unaudited financial results for the quarter ended September 30, 2025, due to procedural complexities arising from the ongoing insolvency proceedings.

IRP Meeting Details

The meeting scheduled for Monday, December 29, 2025, has been convened in accordance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The key agenda items include:

Trading Window Closure

As per regulatory requirements, the trading window for Simbhaoli Sugars' shares will remain closed until 48 hours after the declaration of the financial results for the quarter ended September 30, 2025. This closure affects investor trading activities and reflects the company's commitment to maintaining market integrity during the results announcement period.

Background of Delays

SSL had previously cited several factors contributing to the delay in its Q2 FY26 financial results:

Current Status Under CIRP

The company has been admitted under CIRP pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016, by the National Company Law Tribunal (NCLT), Allahabad Bench, through an order dated July 11, 2024. Under the current structure, the management of SSL's affairs is vested with the Interim Resolution Professional, while the powers of the Board of Directors remain suspended.

Market Implications

The scheduled IRP meeting represents a significant step toward resolving the delayed financial reporting issue. Investors and stakeholders will be closely monitoring the outcome of this meeting, as it may provide crucial insights into the company's financial performance during a critical operational period that coincided with the cane crushing season.

Simbhaoli Sugars Limited , currently undergoing Corporate Insolvency Resolution Process (CIRP), has announced the departure of its Company Secretary and Compliance Officer, Anil Sharma. This development comes as the sugar manufacturer navigates through a critical phase under the supervision of an Interim Resolution Professional.

Key Details of the Departure

• Name: Anil Sharma
• Position: Company Secretary & Compliance Officer
• Membership No.: A13430
• Effective Date of Cessation: October 31, 2025 (after working hours)

Corporate Insolvency Resolution Process (CIRP) Context

The company is currently under CIRP following an order by the National Company Law Tribunal (NCLT), Allahabad Bench, dated July 11, 2024. As a result:

• Anurag Goel serves as the Interim Resolution Professional (IRP)
• The powers of the Board of Directors are suspended
• The IRP is vested with the management of the company's affairs, business, and assets

Reasons and Next Steps

According to the company's communication:

• The decision for Sharma's departure was based on a performance review following the completion of his probation period on September 17, 2025
• The company has initiated the process of shortlisting potential candidates for the role
• The new appointment will be finalized within the timelines prescribed by SEBI regulations

Regulatory Compliance

This announcement aligns with:

• Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

The company has committed to making the required disclosures upon the appointment of a new Company Secretary and Compliance Officer.

As Simbhaoli Sugars navigates through its insolvency proceedings, this change in key managerial personnel underscores the ongoing challenges and restructuring efforts within the organization.