Simbhaoli Sugars Limited announced its unaudited standalone financial results for the quarter ended December 31, 2025, operating under the Corporate Insolvency Resolution Process (CIRP) that commenced on July 11, 2024. The company reported a net loss of ₹453.49 lakhs for the quarter, compared to a loss of ₹265.90 lakhs in the corresponding quarter of the previous year.

Financial Performance Overview

The company's revenue from operations declined significantly during the quarter, reflecting the challenging operational environment under CIRP proceedings.

For the nine months ended December 31, 2025, the company recorded a net loss of ₹3,684.50 lakhs on revenue of ₹66,782.67 lakhs, compared to a net loss of ₹2,353.85 lakhs on revenue of ₹78,696.08 lakhs in the corresponding period of the previous year.

Segment-wise Performance

The company operates through two primary business segments - Sugar and Distillery operations.

Both segments reported losses during the quarter, with the Sugar segment recording a loss of ₹377.43 lakhs and the Distillery segment posting a loss of ₹420.58 lakhs.

Corporate Insolvency Resolution Process Status

The Hon'ble National Company Law Tribunal (NCLT), Allahabad Bench, admitted the insolvency petition filed by Punjab National Bank on July 11, 2024, appointing Mr. Anurag Goel as the Interim Resolution Professional (IRP). Subsequently, the National Company Law Appellate Tribunal (NCLAT) issued an interim order on July 24, 2024, directing that no further steps be taken pursuant to the NCLT order while permitting the IRP to continue managing operations. The next hearing is scheduled for March 24, 2026.

Operational Challenges

The company faces several operational hurdles that have impacted its performance:

• Raw Material Availability: The Cane Area Reservation order issued on October 18, 2025, diverted 28 cane centres from Simbhaoli and 11 from Brijnathpur, with Chilwariya receiving zero allotment • Environmental Compliance: Central Pollution Control Board issued directions to stop manufacturing operations at Simbhaoli Distillery and Brijnathpur Distillery units • Equipment Issues: Turbine breakdown at Brijnathpur unit affected mill operations

Auditor Qualifications

The independent auditor's limited review report contained several qualifications, including:

• No provision for interest expenses on bank borrowings amounting to ₹8,941.03 lakhs for the quarter • Accumulated unprovided interest expenses totaling ₹2,01,022.71 lakhs as of December 31, 2025 • Non-provision of interest on delayed sugarcane payments to farmers amounting to ₹12,163.25 lakhs • Absence of impairment assessment for investments in subsidiary companies

Financial Position

As of December 31, 2025, the company's total assets stood at ₹1,76,706.77 lakhs, while total liabilities amounted to ₹1,85,066.42 lakhs. The company's net worth remains fully eroded, with current liabilities exceeding current assets, indicating continued financial distress despite ongoing resolution efforts under the IRP's management.

Simbhaoli Sugars Limited has officially notified stock exchanges about an Interim Resolution Professional (IRP) convened meeting scheduled for February 13, 2026. The meeting will focus on reviewing the company's unaudited financial results for the third quarter of fiscal year 2026, as the sugar manufacturer continues operations under the Corporate Insolvency Resolution Process.

Official Meeting Communication

The company issued formal communication to BSE Limited and The National Stock Exchange of India Limited on February 06, 2026, through Company Secretary and Compliance Officer Jagriti Sharma. The notification was made in accordance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Insolvency Resolution Process Status

Simbhaoli Sugars has been operating under the Corporate Insolvency Resolution Process since July 2024. The company was admitted under CIRP pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016, following an order dated July 11, 2024, from the Hon'ble National Company Law Tribunal (NCLT), Allahabad Bench. The initial intimation regarding CIRP admission was communicated to stock exchanges on July 12, 2024.

Trading Window and Compliance

In compliance with regulatory requirements, the company has announced that the trading window for its shares will remain closed until 48 hours after the declaration of the financial results for the quarter ended December 31, 2025. This measure ensures proper disclosure protocols are followed during the results announcement period.

Company Operations and Certifications

Despite being under CIRP, Simbhaoli Sugars Limited continues to maintain its operational activities across multiple business verticals. The company holds several quality certifications including FSSC22000 version 6.1, ISO9001:2015, and ISO14001:2015. Its diversified business portfolio encompasses specialty sugars production, potable alcohol manufacturing, ethanol production, and power generation. The company's registered office is located in Simbhaoli, District Hapur, Uttar Pradesh.