Latest news about Ponni Sugars Erode
Ponni Sugars Erode
305.25
-10.05(-3.19%)
Company Performance:
View Company Insights1D-3.19%
1M+9.70%
6M+5.60%
1Y-4.37%
5Y+58.37%
More news about Ponni Sugars Erode
25Feb 26
Ponni Sugars (Erode) Limited Issues Postal Ballot Notice for Managing Director Reappointment
Ponni Sugars (Erode) Limited has issued a postal ballot notice seeking shareholder approval for reappointment of Managing Director Ramanathan Narayanan for three years from April 2026 to March 2029. The 71-year-old MD's proposed remuneration includes basic salary of Rs. 8,00,000 per month plus allowances and performance incentives. Remote e-voting is scheduled from February 26 to March 27, 2026, with cut-off date set as February 20, 2026.
30Jan 26
Ponni Sugars (Erode) Reports Strong Q3FY26 Results with 293% Profit Growth
Ponni Sugars (Erode) Limited reported exceptional Q3FY26 results with net profit surging 293% to ₹947 lakhs and revenue growing 30.8% to ₹15,135 lakhs year-on-year. Nine-month performance showed net profit up 44.7% to ₹2,135 lakhs with revenue increasing 22.8% to ₹32,545 lakhs. Both sugar and co-generation segments contributed to the strong performance, while the Board amended the Related Party Transactions policy during their January 30, 2026 meeting.
05Dec 25
Ponni Sugars Shareholders Approve Material Related Party Transaction MoU with Seshasayee Paper
Ponni Sugars Erode Limited shareholders approved a new Memorandum of Understanding (MoU) with Seshasayee Paper and Boards Limited (SPB) for material related party transactions. The MoU, covering a five-year period from January 2026 to December 2030, includes transactions for bagasse, sugar, fuel, power, water, and other products, with a cap of Rs 60 crore per financial year. The resolution passed with 99.97% votes in favor. The arrangement is strategically important for both companies, securing raw material supply for SPB's operations.
25Oct 25
Ponni Sugars Reports 17% Rise in Q2 Net Profit, But Faces Comprehensive Income Setback
Ponni Sugars Erode released Q2 2025 results, showing a 16.93% increase in total income to ₹11,471.00 lakhs and a 17.99% rise in net profit to ₹1,456.00 lakhs. Basic EPS improved by 26.25% to ₹16.93. However, total comprehensive income declined significantly, reporting a loss of ₹3,122.00 lakhs compared to a profit of ₹856.00 lakhs in Q2 2024, a 464.72% decrease. Half-yearly results showed moderate growth with total income at ₹17,843.00 lakhs and net profit at ₹1,928.00 lakhs.
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