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.

Simbhaoli Sugars Limited , currently under Corporate Insolvency Resolution Process (CIRP), has announced a crucial meeting to review its financial performance. The company, which has been navigating through insolvency proceedings since July 2024, is set to hold an Interim Resolution Professional (IRP) convened meeting to discuss its latest quarterly results.

Key Meeting Details

Corporate Insolvency Background

Simbhaoli Sugars has been under CIRP since July 11, 2024, following an order from the National Company Law Tribunal (NCLT), Allahabad Bench. This process, initiated under the Insolvency and Bankruptcy Code, 2016, has placed the company's operations under the supervision of an Interim Resolution Professional.

Financial Results Review

The upcoming meeting will focus on the standalone unaudited financial results for the first quarter of the fiscal year 2025-26. This review is a critical step in the company's ongoing insolvency process, providing stakeholders with insights into Simbhaoli Sugars' financial health amidst its restructuring efforts.

Regulatory Compliance

In adherence to the Securities and Exchange Board of India (SEBI) listing regulations, specifically Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has announced a trading window closure. This closure will extend until 48 hours after the declaration of the financial results, ending on October 30, 2025.

Implications for Stakeholders

The forthcoming meeting and subsequent financial disclosures are crucial for various stakeholders, including investors, creditors, and employees. These results may provide valuable insights into the company's operational performance and financial standing during its insolvency proceedings.

Investors and market participants are advised to closely monitor the outcomes of this meeting, as it may significantly impact the company's future trajectory and potential resolution process.