Prudential Sugar Corporation Reports Mixed Q1 Results with Revenue Decline and Profit Growth
Prudential Sugar Corporation Limited announced its Q1 unaudited financial results, showing a mixed performance. The company's standalone revenue decreased by 76% to ₹838.43 crore, down from ₹3,493.96 crore in the same quarter last year. However, standalone net profit after tax surged by 638% to ₹128.57 crore, up from ₹17.42 crore. Consolidated revenue for Q1 was ₹854.59 crore with a net profit of ₹140.07 crore. The company's Board acknowledged an NSE advisory letter regarding non-compliance with certain SEBI regulations and committed to ensuring prompt compliance in the future.
29Jul 25
Prudential Sugar Corporation Rectifies Shareholding Details in EGM Notice
Prudential Sugar Corporation Limited (PSCL) has issued a clarification regarding an error in its Extra-Ordinary General Meeting (EGM) notice for a proposed preferential issue of equity shares. The company corrected the shareholding details of Mr. Sanyam Dugar, a non-promoter allottee, which were inadvertently omitted in the original notice. The correction shows Mr. Dugar's pre-issue holding as 4,000 shares (0.01%), with a proposed allotment of 100,000 shares, resulting in a post-issue holding of 104,000 shares (0.23%). PSCL emphasized that the omission was unintentional and expressed commitment to maintaining accurate disclosures in the future.