SBEC Sugar
30.83
+0.33(+1.08%)
Market Cap₹146.87 Cr
PE Ratio-5.68
Company Performance:
1D+1.08%
1M+6.94%
6M-5.72%
1Y-18.87%
5Y+413.83%
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More news about SBEC Sugar
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.
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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.
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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.
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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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SBEC Sugar
30.83
+0.33
(+1.08%)
1 Year Returns:-18.87%
Industry Peers