Integrated Filing — IndAS



General information about company
Scrip Code 507442
NSE Symbol DHARSUGAR
MSEI Symbol NOTLISTED
ISIN INE988C01014
Name of company Dharani Sugars & Chemicals Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 14-Aug-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 01-Aug-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 14-Aug-2025   12:00:00
End date and time of board meeting 14-Aug-2025   14:10:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party?
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.
Whether the company is a high value debt listed entity according to regulation 15 (1A)?
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? Yes



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 0
Other income 2310000
Total income 2310000
2 Expenses
(a) Cost of materials consumed 0
(b) Purchases of stock-in-trade 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0
(d) Employee benefit expense 39125000
(e) Finance costs 95957000
(f) Depreciation, depletion and amortisation expense 54976000
(f) Other Expenses
1 Other Expenses 18088000 18088000
Total other expenses 18088000
Total expenses 208146000
3 Total profit before exceptional items and tax -205836000
4 Exceptional items 0
5 Total profit before tax -205836000
6 Tax expense
7 Current tax 0
8 Deferred tax 0
9 Total tax expenses 0
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations -205836000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0
16 Total profit (loss) for period -205836000
17 Other comprehensive income net of taxes 0
18 Total Comprehensive Income for the period -205836000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 415143000
Face value of equity share capital 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -4.96
Diluted earnings (loss) per share from continuing operations -4.96
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -4.96
Diluted earnings (loss) per share from continuing and discontinued operations -4.96
24 Debt equity ratio 0
25 Debt service coverage ratio 0
26 Interest service coverage ratio 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1.tThe Company has accumulated losses, and it indicates that the company has negative net worth as on the balance sheet date. However, the unaudited financial statements for the quarter ending 30th June 2025 have been prepared on a going concern basis as the Company has initiated necessary revival plan to recommence commercial operations by restoring production capabilities, ensuring the company’s ability to meet its obligations and sustain its business activities in the fore seeable future. n2.tThe Appu Hotels Limited, which was in corporate insolvency resolution process (CIRP), had exited the CIRP Process as per the approval of the Hon’ble NCLT Chennai Bench-I vide its order dated 20/12/2023 approving the settlement proposal submitted by the Promoter u/s 12A of the IBC 2016. The Carrying amount of the investments as at June 30, 2025, is INR 1,455.39 Lakhs. The fixed asset value of the M/S Appu Hotels Limited is very high as compared to the liabilities. The Management is making all efforts to comply with the disclosure requirements of the IND AS 113- Fair Value Measurements. n3.tThe Company has obtained unsecured loans in the said quarter from Corporates to the tune of INR 1,531.49 Lakhs as per Loan agreements. The Total Outstanding loans from Directors & Loans from related parties stands at INR 18,119.32 Lakhs as on 30th June 2025. n4.tThe Company has disclosed INR 33,465 lakhs as unsustainable debt under contingent liabilities, in accordance with the Master Restructuring Agreement (MRA) executed with lenders. This amount is contingent upon the fulfilment of specified terms under the MRA, including timely repayment of sustainable debt and covenant compliance. Since the liability may be remitted subject to these conditions and it has been disclosed as contingent liability. n5.tDuring the previous financial year 2024-25, 83,14,328 equity shares of INR 10 each were issued for consideration other than cash pursuant to a debt resolution agreement with National Asset Reconstruction Company Limited (NARCL). But as on 30th June 2025, the same has not been issued in dematerialised form as stipulated by the said agreement and also pending for in principle approval from stock exchanges. Consequently, the share capital issued against debt is not dematerialised or listed as on 30th June 2025. n6.tThe Company availed a loan from Iheart Properties Private Limited in August 2024 amounting to INR 2,470 Lakhs for a tenure of four months. As at June 30, 2025, the entire loan amount of INR 2,470 Lakhs remains unpaid beyond its due date, while only interest payments have been serviced. n7.tThe Sugar Development Fund Loan, secured by the fixed assets of Unit-III (excluding refinery assets and harvester machines), has an OTS amount of INR 5,745.60 lakhs payable. This has not yet been remitted due to cash flow constraints. The Company has requested for extension of time for payment. Meantime, the Government of India has extended the time for OTS Application and based on this the company has made another application for OTS Settlement on 6th June 2025 and the same is under consideration by the Government of India. n8.tAs of the review date, Statutory dues aggregating in respect of TDS, Employees Provident Fund, Employees State Insurance, Professional Tax, and Power Generation Tax remain unpaid. The delays are primarily due to liquidity issues. The Company is working on a priority payment schedule to clear all outstanding statutory dues. n9.tInterest on the Inter-Corporate Loan from Dharani Developers Limited and loans from directors has not been accrued in the books for the quarter in line with the terms agreed in the Master Restructuring Agreement (MRA) dated 22nd May 2024. n10.tVendor classification between MSME and non-MSME is under review. Updated MSME registration certificates are being obtained from suppliers. Management acknowledges that some MSME dues have remained unpaid beyond statutory timelines and is working to settle these and prevent delays in future. n11.tThe Company does not have any subsidiary/associate/joint venture company as on 30th June 2025. n12.tPrevious period figures have been regrouped/reclassified, wherever necessary. n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Sugar 0 0
2 Distillery 0 0
3 Power 0 0
4 Unallocated 2310000 2310000
Total Segment Revenue 2310000
Less: Inter segment revenue 0 0
Revenue from operations 2310000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Sugar -78760000 -78760000
2 Distillery -21198000 -21198000
3 Power -12231000 -12231000
4 Unallocated 2310000 2310000
Total Profit before tax -109879000
i. Finance cost 95957000 95957000
ii. Other Unallocable Expenditure net off Unallocable income 0 0
Profit before tax -205836000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Sugar 2978800000 2978800000
2 Distillery 826896000 826896000
3 Power 842762000 842762000
4 Unallocated 10004000 10004000
Total Segment Asset 4658462000 4658462000
Un-allocable Assets 0 0
Net Segment Asset 4658462000 4658462000
4 Segment Liabilities
Segment Liabilities
1 Sugar 5367934000 5367934000
2 Distillery 268625000 268625000
3 Power 860549000 860549000
4 Unallocated 0 0
Total Segment Liabilities 6497108000 6497108000
Un-allocable Liabilities 0 0
Net Segment Liabilities 6497108000 6497108000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 0
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0
5 Total Other comprehensive income 0





Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date 3471200000
B Of the total amount outstanding, amount of default as on date 5746000
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date 0
B Of the total amount outstanding, amount of default as on date 0
3. Total financial indebtedness of the listed entity including short-term and long-term debt 0