Simbhaoli Sugars Ltd

Simbhaoli Sugars Reports Q3 Loss of ₹4.53 Cr 📉

• Net loss of ₹4.53 crores for Q3 Dec 2025 and ₹36.85 crores for nine months ended Dec 2025

• Auditors issued qualified report due to non-provision of interest expenses: ₹894.10 crores for Q3 and ₹2,599.31 crores for nine months on bank borrowings

• Accumulated unprovided interest on bank borrowings totals ₹20,102.27 crores as of Dec 31, 2025

• No provision made for interest on delayed sugarcane payments to farmers, with claimed amounts of ₹1,216.33 crores as of July 11, 2024

• Impairment not assessed for investments in subsidiaries: ₹2,242.57 crores in Simbhaoli Power and ₹65.48 crores in Integrated Casetech

• Company paid remuneration to directors without lender consent: ₹301.82 lakhs in prior years and ₹110.02 lakhs during CIRP

• Financial results prepared on going concern basis despite eroded net worth, cash losses, and liabilities exceeding assets

• Operational challenges include cane supply diversions, turbine breakdown at Brijnathpur unit, and distillery shutdown orders