Latest news about Ponni Sugars Erode
Ponni Sugars Erode
419.55
-1.80(-0.43%)
Company Performance:
View Company Insights1D-0.43%
1M+29.31%
6M+59.07%
1Y+45.32%
5Y+71.63%
More news about Ponni Sugars Erode
21May 26
Ponni Sugars (Erode) files FY26 compliance report
Ponni Sugars (Erode) Limited's Secretarial Compliance Report for FY26 confirms full adherence to SEBI regulations. The audit found no deviations, non-compliances, or regulatory actions against the company.
13May 26
Ponni Sugars FY26 Net Profit Rises on Tariff Gain
Ponni Sugars (Erode) Limited reported a strong financial performance for FY26, with net profit rising to ₹4,803 lakhs from ₹1,928 lakhs in the previous year, driven by an exceptional gain of ₹5,164 lakhs from a favourable APTEL tariff ruling. Revenue from operations increased to ₹41,499 lakhs. The Board recommended a dividend of ₹5.00 per share, subject to shareholder approval.
30Apr 26
Ponni Sugars (Erode) Ltd Receives GST Demand Notice of ₹9.35 Crore for Alleged Tax Credit Violations
Ponni Sugars (Erode) Ltd has received a GST demand cum show cause notice for ₹9,34,68,218 from the Additional Commissioner of GST and Central Excise, Coimbatore, alleging contraventions related to wrong availing of Input Tax Credit on Co-Generation Power Plant and non-payment of GST on certain services. The company maintains that the demands are not legally tenable and will provide appropriate response while taking necessary legal recourse.
06Apr 26
Ponni Sugars (Erode) Limited Submits SEBI Compliance Certificate for Q4 FY26
Ponni Sugars (Erode) Limited filed its mandatory SEBI compliance certificate for Q4 FY26 on April 6, 2026, covering the quarter ended March 31, 2026. The certificate, issued by registrar Cameo Corporate Services Ltd, confirms proper processing of dematerialisation requests, including certificate mutilation and timely register updates. The filing demonstrates the company's adherence to Regulation 74(5) of SEBI (Depository and Participants) Regulations, 2018.
28Mar 26
Ponni Sugars (Erode) Limited Receives Transfer Pricing Order from Income Tax Department
Ponni Sugars (Erode) Limited received an order dated March 27, 2026 from Commissioner of Income Tax (Transfer Pricing), Chennai directing revision of transfer pricing determination for bagasse transfer between sugar and co-generation units for AY 2021-22. The company plans to challenge the order legally, citing the methodology as not legally tenable despite material financial implications.
28Mar 26
Ponni Sugars (Erode) Limited Shareholders Approve Managing Director Reappointment via Postal Ballot
Ponni Sugars (Erode) Limited shareholders have approved the reappointment of Managing Director Mr Ramanathan Narayanan through postal ballot with overwhelming support. The remote e-voting process conducted from 26th February to 27th March 2026 resulted in 99.964% votes in favour out of 40,94,893 total votes polled. The Promoter and Promoter Group showed complete participation with 100% approval, while the resolution was passed as a special resolution with requisite majority, demonstrating strong shareholder confidence in the company's leadership.
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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729.35
(-4.92%)
709.80
(+0.06%)
295.28
(-1.59%)
23.13
(-0.86%)
25.14
(-3.79%)
4,019.70
(-5.21%)
497.95
(-2.00%)
834.80
(+2.47%)
323.30
(-3.84%)
185.23
(-2.39%)
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