Ravalgaon Sugar Farm Reports ₹50.79 Crore Loss, Appoints New Auditors
Ravalgaon Sugar Farm Limited reported a net loss of ₹50.79 crore for Q1 FY2025-26, with revenue dropping to ₹0.04 crore. The company's inactivity follows the sale of its confectionery business to Reliance Consumer Products Limited. Despite losses, management believes the company has resources to continue operations. New appointments include a Secretarial Auditor and Statutory Auditors. A legal matter involving former seasonal workers' gratuity is under appeal.