Simbhaoli Sugars
11.27
-0.12(-1.05%)
Market Cap₹46.52 Cr
PE Ratio5.47
Company Performance:
1D-1.05%
1M+18.63%
6M-35.53%
1Y-40.24%
5Y+40.87%
View Company Insightsright
More news about Simbhaoli Sugars
05Sept 25
Simbhaoli Sugars Faces AGM Delay Amid Ongoing Insolvency Proceedings
Simbhaoli Sugars Limited announced it cannot hold its Annual General Meeting (AGM) by the September 30 deadline due to ongoing Corporate Insolvency Resolution Process (CIRP) and legal challenges. The company entered CIRP on July 11, with management now under Interim Resolution Professional Anurag Goel. A promoter's appeal against the NCLT order has led to an NCLAT interim order, complicating the insolvency proceedings. Operational challenges include high employee turnover, delayed financial statements, hindered Committee of Creditors formation, and secretarial department changes. The company will announce a new AGM date after receiving necessary approvals.
27Aug 25
Simbhaoli Sugars Limited Announces Change in Statutory Auditors
Simbhaoli Sugars Limited has notified stock exchanges about a change in their statutory auditors on August 27, 2025. The company informed both the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE) in compliance with SEBI regulations. The announcement was made by Anil Kumar, the Company Secretary and Compliance Officer. This change in statutory auditors is a significant corporate event that could potentially impact the company's auditing process.
13Aug 25
Simbhaoli Sugars Faces Financial Reporting Delays Amid Insolvency Process and Staff Exodus
Simbhaoli Sugars Limited is experiencing significant delays in submitting financial statements due to multiple factors. The company entered Corporate Insolvency Resolution Process (CIRP) on July 11, with management now vested in the Interim Resolution Professional. Legal challenges include an appeal against the NCLT order. Staff attrition in the finance department has impacted the preparation of financial statements. The company is facing issues with consolidated and standalone financial statements, as well as delays in receiving reports from subsidiaries. Steps are being taken to resolve these challenges and complete the financial reporting process.
Simbhaoli Sugars
11.27
-0.12
(-1.05%)
1 Year Returns:-40.24%
Industry Peers