Ugar Sugar Works Limited has successfully obtained approval from the National Stock Exchange of India (NSE) for the waiver of fines levied against the company for delayed compliance with various SEBI regulations during the second quarter of fiscal year 2025.

Fine Waiver Details

The NSE granted the waiver through its letter dated January 02, 2026, referencing NSE/LIST/SOP/0002. The waiver covers multiple violations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended September 30, 2024.

Exchange Policy Framework

The waiver decision was made in accordance with NSE Circular NSE/CML/2025/35 dated August 26, 2025, which addresses "Processing of waiver applications by the Exchanges in case of commonly listed entities." Under this framework, waiver applications from commonly listed entities are segregated between exchanges, and decisions taken by one exchange are made applicable to similar requests at other exchanges to maintain uniformity.

The NSE's decision was based on the ruling by the designated exchange, BSE Limited, ensuring consistent treatment across both stock exchanges. The matter was reviewed by the relevant authority at NSE, which considered the company's waiver request favorably.

Regulatory Compliance Advisory

As part of the waiver approval, NSE has advised The Ugar Sugar Works Limited to ensure strict compliance with listing regulations and other applicable regulations in the future. The exchange emphasized the importance of timely adherence to SEBI's disclosure and governance requirements.

The company formally communicated this development to both NSE and BSE through a letter dated January 03, 2026, signed by the Company Secretary, requesting that the waiver approval be taken on record by both exchanges.

Ugar Sugar Works Limited , a key player in the Indian sugar industry, has announced the commencement of its sugar crushing operations for the 2025-26 season at its Ugar Unit. The company officially began crushing on November 10, 2025, marking the start of a new production cycle.

Operational Update

In a formal communication to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), Ugar Sugar Works provided the following details:

The company's management expressed optimism about the crushing operations, stating that they anticipate the unit to "pick up to its full capacity in due course." This gradual ramp-up is typical in the sugar industry, allowing for smooth operational transitions and ensuring optimal production efficiency.

Industry Implications

The start of the crushing season is a significant event in the sugar industry calendar. It marks the beginning of the production cycle, which typically runs from late autumn through spring. The timing and efficiency of these operations can have substantial implications for sugar supply, pricing, and the overall performance of sugar companies.

Company Background

Ugar Sugar Works Limited, with its registered office in Mahaveernagar, Sangli, Maharashtra, has been a long-standing entity in the Indian sugar sector. The company's production facility in Ugar Khurd, Belgaum District, Karnataka, plays a crucial role in its operations.

Investor Information

This operational update is particularly relevant for investors and market watchers tracking the sugar sector. As the crushing season progresses, stakeholders will likely keep a close eye on factors such as sugarcane yield, sugar recovery rates, and overall production volumes, which can influence the company's financial performance and stock market valuation.

Ugar Sugar Works Limited continues to maintain transparency with its shareholders and the market, promptly communicating significant operational developments. As the 2025-26 season unfolds, further updates on the company's performance and production milestones are anticipated.