Dwarikesh Sugar Industries Limited , a prominent player in the sugar industry, has announced a crucial board meeting scheduled for October 31, 2025. The meeting, to be conducted via video conferencing, will address several significant matters including financial results and changes in the board composition.

Key Agenda Items

1. Financial Results Review: The board will consider and take on record the unaudited financial results for the quarter and half year ended September 30, 2025.

2. Director Reappointments: The meeting will deliberate on the reappointment of two Non-Executive Independent Directors:

   • Shri Rajan Madhekar (DIN: 07940253)
   • Shri Gopal Bhimrao Hosur (DIN: 08884883)

3. Director Retirements: The board will officially record the retirement of two directors:

   • Shri Prithviraj Natrajan Kokkarne (K. N. Prithviraj) (DIN: 00115317)
   • Ms. Nina Chatrath (DIN: 07700943)

These retirements were previously communicated to the stock exchanges on September 17, 2025.

Trading Window Closure

In compliance with regulatory requirements, Dwarikesh Sugar Industries has implemented a trading window closure for all designated persons, including directors and designated employees, as well as their immediate relatives. This closure is in effect from October 1, 2025, and will continue until 48 hours after the declaration of the Q2 financial results.

Meeting Details

This board meeting marks a significant event for Dwarikesh Sugar Industries, potentially influencing its governance structure and providing insights into its financial performance for the second quarter of the fiscal year 2025-26. Investors and stakeholders will be keenly watching for the outcomes of this meeting, particularly the financial results and any strategic decisions that may emerge from the boardroom discussions.

The company's proactive approach in announcing the trading window closure and adhering to regulatory norms underscores its commitment to maintaining transparency and compliance in its operations.

Dwarikesh Sugar Industries Limited , a leading sugar producer in India, has reported its financial results for the first quarter ending June 30. The company faced challenges due to the early conclusion of crushing operations, resulting in a net loss for the quarter.

Financial Performance

The company reported a Loss After Tax (LAT) of Rs. 9.38 crore, compared to a loss of Rs. 9.73 crore in the same period last year. Despite the loss, this represents a slight improvement year-on-year.

Total income for the quarter increased to Rs. 405.97 crore, up from Rs. 341.85 crore in the corresponding quarter, marking an 18.7% rise. This growth was primarily driven by higher ethanol sales volume.

Operational Highlights

• Sugar sales volume stood at 6.63 lakh quintals, slightly lower than the 6.75 lakh quintals sold in the same quarter last year.
• Average realization on domestic sugar improved to Rs. 3,962.00 per quintal, compared to Rs. 3,833.00 per quintal in the corresponding quarter last year.
• Industrial alcohol sales saw a significant increase, reaching 21,649 KL, up from 12,358 KL in the same period last year.

Segment Performance

The sugar segment reported a loss of Rs. 18.87 crore before tax and interest, while the distillery segment showed a profit of Rs. 15.94 crore.

Balance Sheet and Liquidity

As of June 30, Dwarikesh Sugar had outstanding long-term loans of Rs. 132.33 crore, primarily related to distillery projects. The company maintains a strong credit rating, with ICRA assigning an AA- rating for long-term debt and A1+ for its commercial paper program.

Management Commentary

The company attributed the quarterly performance to the early conclusion of crushing operations for the sugar season, with minimal sugarcane crushing and sugar production during the quarter. Distillery operations also concluded in early June, leading to under-absorption of overhead costs.

Future Outlook

Looking ahead, Dwarikesh Sugar expressed optimism for upcoming seasons, anticipating higher crushing volumes and a more diversified varietal mix. The company is focusing on crop protection and varietal enhancement to address challenges such as adverse weather conditions and red rot infestations.

Corporate Governance

The Board of Directors approved the induction of new members into various committees, including Audit, Nomination and Remuneration, Stakeholders' Relationship, CSR, and Risk Management committees, effective August 7. A reconstitution of these committees will take effect from September 18, ensuring continued compliance with regulatory requirements.

Dwarikesh Sugar Industries Limited remains committed to enhancing operational efficiencies and maintaining rigorous cost controls in the face of industry challenges. The company's focus on ethanol production and strategic initiatives in cane development are expected to drive growth in the coming seasons.