Sir Shadi Lal Enterprises Limited , a prominent player in the sugar and distillery sectors, has reported a net loss of ₹1,870.58 crore for the half-year ended September 30, 2025. This marks a significant improvement from the ₹4,203.76 crore loss reported in the corresponding period of the previous year.

Financial Performance

The company's financial results for H1 FY26 reveal a mixed picture:

The company's revenue from operations saw a substantial increase of 58.28% year-on-year, rising to ₹1,883.08 crore from ₹1,189.70 crore in the previous year. This growth was primarily driven by the sugar segment, which contributed the entirety of the revenue for the period.

Segment Performance

Sir Shadi Lal Enterprises operates in two segments: Sugar and Distillery. However, it's noteworthy that the distillery segment did not operate in the Ethanol Supply Year 2024-25 due to extensive repair requirements.

• The sugar segment reported a loss of ₹30.77 crore for H1 FY26, an improvement from the ₹56.16 crore loss in the same period last year.
• The distillery segment, despite non-operation, incurred a loss of ₹41.28 crore, lower than the ₹75.62 crore loss in H1 FY25.

Balance Sheet Highlights

As of September 30, 2025:

• Total Assets stood at ₹2,154.67 crore
• Total Liabilities were ₹4,431.92 crore
• The company reported negative equity of ₹2,277.25 crore

Future Outlook and Corporate Actions

The Board of Directors, in their meeting on December 10, 2024, approved a Composite Scheme of Arrangement for the amalgamation of Sir Shadi Lal Enterprises Limited into Triveni Engineering & Industries Limited (TEIL). This strategic move aims to leverage business synergies between the two companies.

The scheme is subject to various regulatory approvals, including those from the National Company Law Tribunal, Allahabad Bench, and shareholders. A meeting for shareholder and creditor approval is scheduled for November 30, 2025.

Going Concern and Financial Support

The company's financials have been prepared on a going concern basis, supported by its holding company, Triveni Engineering & Industries Limited. TEIL has been providing technical and financial support to enhance Sir Shadi Lal Enterprises' operational efficiency and viability.

Legal Developments

The company faces a contingent liability of ₹7.09 crore related to excise authority demands for the transportation of denatured alcohol. This matter is currently being challenged in court by the U.P. Sugar Mills Association on behalf of its members.

In conclusion, while Sir Shadi Lal Enterprises continues to face challenges, the significant reduction in net loss and substantial increase in revenue indicate potential signs of recovery. The proposed amalgamation with Triveni Engineering & Industries Limited may provide further opportunities for growth and stability in the future.

Sir Shadi Lal Enterprises Limited , a prominent player in the sugar and alcohol industry, has reported a significant insider transaction. Rajat Lal, the company's Managing Director, has increased his shareholding through an open market purchase, demonstrating confidence in the company's prospects.

Transaction Details

On December 6, 2021, Rajat Lal acquired 5,141 equity shares of Sir Shadi Lal Enterprises Limited through the open market. The transaction was valued at Rs. 10,11,272, implying an average price of approximately Rs. 196.71 per share.

Impact on Shareholding

Following this acquisition, Rajat Lal's stake in the company has increased as follows:

This purchase has resulted in a marginal increase of 0.10 percentage points in Lal's ownership of the company.

Regulatory Compliance

In compliance with the Securities and Exchange Board of India (SEBI) regulations for substantial acquisition of shares and takeovers, Sir Shadi Lal Enterprises Limited has duly disclosed this transaction to the Bombay Stock Exchange (BSE).

Company Overview

Sir Shadi Lal Enterprises Limited operates in the sugar and alcohol/ethanol manufacturing sector. The company maintains two manufacturing units in Uttar Pradesh:

1. Upper Doab Sugar Mills at Shamli
2. Shamli Distillery and Chemical Works at Shamli

As of the latest available information, the total equity share capital of Sir Shadi Lal Enterprises Limited stands at 52,50,000 shares, each with a face value of Rs. 10.

Recent Corporate Developments

Sir Shadi Lal Enterprises Limited is currently involved in a significant corporate action. The company is part of a Composite Scheme of Arrangement that includes Triveni Engineering & Industries Limited and Triveni Power Transmission Limited. This scheme, which is pending regulatory approvals, involves the amalgamation of Sir Shadi Lal Enterprises into Triveni Engineering & Industries Limited.

The National Company Law Tribunal (NCLT) has directed meetings of equity shareholders, secured creditors, and unsecured creditors to consider and approve this scheme. These meetings are scheduled for November 30, 2025, indicating that the corporate restructuring process is ongoing.

This insider purchase by the Managing Director, amidst these corporate developments, may be seen as a positive signal regarding the company's future prospects and the potential benefits of the proposed amalgamation.

Investors and stakeholders should keep an eye on further developments related to both the insider transactions and the ongoing corporate restructuring process.