Latest news about SBEC Sugar
SBEC Sugar
45.37
+2.22(+5.14%)
Company Performance:
View Company Insights1D+5.14%
1M+45.32%
6M+41.43%
1Y+7.79%
5Y+175.81%
More news about SBEC Sugar
17Mar 26
India Sugar Production Surges 10.5% Year-on-Year to 26.2 Million Tons Despite Fewer Operational Mills
India's sugar production has surged 10.5% year-on-year to reach 26.2 million tons as of March 15, according to ISMA data. This growth was achieved with only 157 operational mills compared to 182 in the previous year, demonstrating significant efficiency improvements. The robust production increase highlights the sugar industry's enhanced productivity and operational optimization capabilities.
10Feb 26
SBEC Sugar Reports Q3FY26 Loss of ₹2,059.26 Crore Amid Debt Settlement with Modi Industries
SBEC Sugar Limited announced Q3FY26 results showing a net loss of ₹2,059.26 crore despite revenue of ₹11,554.99 crore, representing a 17.40% decline from the previous year. The company completed a significant debt settlement with Modi Industries Limited for ₹14,177.39 crore and appointed Mr. Anil Kumar Goel as Company Secretary and Compliance Officer.
03Feb 26
SBEC Sugar Limited Completes Rs. 5 Crore Loan Repayment to Pristine Industries Limited
SBEC Sugar Limited has successfully completed the repayment of a Rs. 5 crore unsecured loan to Pristine Industries Limited. The loan, originally obtained on 05th May, 2025, was fully repaid on 02nd February, 2026, with no outstanding amount remaining. The company has disclosed that this repayment has no material impact on its financial position or operations, demonstrating strong financial management and regulatory compliance.
13Jan 26
SBEC Sugar Limited Secures ₹15 Crores Unsecured Financial Assistance from Two Lenders
SBEC Sugar Limited has secured ₹15.00 crores in unsecured financial assistance through two separate agreements dated January 12, 2026. Priyadarshini Polysacks Limited will provide ₹10.00 crores with repayment by November 30, 2026, while Pristine Industries Limited will provide ₹5.00 crores with repayment by July 31, 2026. Both agreements are unsecured with no collateral provided, and neither lender has any shareholding or relationship with SBEC Sugar's promoter group.
31Dec 25
SBEC Sugar Limited Secures ₹5.00 Crore Unsecured Financial Assistance from Priyadarshini Polysacks Limited
SBEC Sugar Limited has secured ₹5.00 crores in unsecured financial assistance from Priyadarshini Polysacks Limited through an agreement dated December 31, 2025. The loan has a repayment schedule with a closing date of May 31, 2026, and does not involve any security or collateral. The transaction is not a related party arrangement, as the lender has no shareholding in SBEC Sugar and is unrelated to the promoter group.
03Dec 25
SBEC Systems Completes Open Offer for SBEC Sugar Limited Shares
SBEC Systems (India) Limited, along with six persons acting in concert, has successfully completed an open offer for SBEC Sugar Limited, acquiring up to 26% of the voting capital. The offer, priced at Rs 21.19 per share for a total consideration of Rs 26.25 crore, was executed from October 28 to November 12, 2025, with payments made on November 26, 2025. This corporate action occurs amid SBEC Sugar's financial challenges, including negative equity of Rs -61.00 crore and high current liabilities of Rs 701.40 crore, reflecting the broader struggles in the Indian sugar industry.
13Nov 25
SBEC Sugar Reports Widening Losses and Company Secretary Resignation
SBEC Sugar Limited announced financial results for Q2 2025, reporting a net loss of Rs 2,553.72 lacs, up 9.2% from the previous quarter. Total income was Rs 14,675.01 lacs against expenses of Rs 17,228.73 lacs. Half-year losses increased to Rs 4,892.07 lacs. The company has not provisioned for Rs 2,080.45 lacs in late cane payment interest. Mr. Ankit Bisht, Company Secretary and Compliance Officer, has resigned effective November 15, 2025. Auditors raised concerns about Rs 14,685.98 lacs exposure to Modi Industries Limited debt.
24Oct 25
SBEC Sugar Limited: Mandatory Open Offer at ₹21.19 Per Share Following Supreme Court Directive
SBEC Systems (India) Limited, with persons acting in concert, has initiated a mandatory open offer for SBEC Sugar Limited, aiming to acquire up to 26% (1,23,90,009 shares) of the voting share capital at ₹21.19 per share. The total consideration is approximately ₹26.25 crores. This offer follows a Supreme Court order addressing past regulatory violations. The acquirer group, part of the Umesh Modi Group, currently holds a 29.86% stake in SBEC Sugar Limited. The tendering period is set for October 28 to November 12, 2025, with payment completion by November 26, 2025.
26Sept 25
SBEC Sugar Limited Shareholders Approve Key Appointments and Transactions at AGM
SBEC Sugar Limited held its 31st AGM on September 25, 2025, where shareholders approved several resolutions. Mrs. Kumkum Modi was re-appointed as a Non-Executive Director despite being over 75 years old. Mr. Abhishek Modi and Mr. Vijay Kumar Modi were re-appointed as directors. M/s. Soniya Gupta & Associates were appointed as Secretarial Auditors for five years. Material related party transactions were authorized. All resolutions passed with over 99.99% votes in favor. The AGM was conducted via video conferencing with 4 promoter group members and 50 public shareholders attending virtually.
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528.40
(-1.67%)
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(-0.97%)
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(-3.78%)
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(-2.88%)
329.25
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