| 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 | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 12-02-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 31-01-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third 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 | Unaudited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 12-02-2026 15:00:00 |
| End date and time of board meeting | 12-02-2026 16:00:00 |
| 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 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 |
| 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 | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 11.76 | 25.21 | |
| Other income | 5.49 | 191.83 | |
| Total income | 17.25 | 217.04 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 0.00 | 0.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 |
| (d) | Employee benefit expense | 364.89 | 1,131.33 |
| (e) | Finance costs | 953.79 | 2,910.83 |
| (f) | Depreciation, depletion and amortisation expense | 549.76 | 1,649.29 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 177.00 | 587.40 |
| Total other expenses | 177.00 | 587.40 | |
| Total expenses | 2,045.44 | 6,278.85 | |
| 3 | Total profit before exceptional items and tax | (2,028.19) | (6,061.81) |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | (2,028.19) | (6,061.81) |
| 6 | Tax expense | ||
| 7 | Current tax | 0.00 | 0.00 |
| 8 | Deferred tax | 0.00 | 0.00 |
| 9 | Total tax expenses | 0.00 | 0.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | (2,028.19) | (6,061.81) |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | (2,028.19) | (6,061.81) |
| 17 | Other comprehensive income net of taxes | 0.00 | 0.00 |
| 18 | Total Comprehensive Income for the period | (2,028.19) | (6,061.81) |
| 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 | 4,151.43 | 4,151.43 | |
| Face value of equity share capital | 10 | 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 | -4.89 | -14.6 | |
| Diluted earnings (loss) per share from continuing operations | -4.89 | -14.6 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | -4.89 | -14.6 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | -4.89 | -14.6 | |
| 24 | Debt equity ratio | 0 | 0 |
| 25 | Debt service coverage ratio | 0 | 0 |
| 26 | Interest service coverage ratio | 0 | 0 |
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1. The 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 31st December 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. 2. The Carrying amount of the investments in Appu Hotels Limited as at December 31, 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. 3. The Company has obtained unsecured loans in the said quarter from Corporates to the tune of INR 1,311.54 Lakhs as per Loan agreements. The Total Outstanding loans from Directors & Loans from related parties stands at INR 21,202.13 Lakhs as on 31st December 2025. 4. The 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. 5. During 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 31st December 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 31st December 2025. 6. The Company availed a loan from I heart Properties Private Limited in August 2024 amounting to INR 2,470 Lakhs for a tenure of four months. As at December 31, 2025, the entire loan amount of INR 2,731.65 Lakhs including interest of INR 261.65 Lakhs, remains unpaid beyond its due date. 7. The Sugar Development Fund Loan, secured by the fixed assets of Unit-III (excluding refinery assets and harvester machines), has an OTS amount of INR 6,026.63 lakhs payable. Upon request of the company to extend the due date for payment, The Government of India has granted extension for re-payment of the aforesaid loan vide letter dated 13th October 2025 until six months. The revised due date for repayment of loan shall be 06th April 2026. 8. As 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. 9. Interest 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. 10. Vendor 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. 11. The Company does not have any subsidiary/associate/joint venture company as on 31st December 2025. 12. Previous period figures have been regrouped/reclassified, wherever necessary. |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| 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 | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Sugar | 0.00 | 0.00 | ||||
| 2 | Distillery | 0.00 | 0.00 | ||||
| 3 | Power | 0.00 | 0.00 | ||||
| 4 | Unallocated | 0.0001725 | 0.0021704 | ||||
| Total Segment Revenue | 17.25 | 217.04 | |||||
| Less: Inter segment revenue | 0.00 | 0.00 | |||||
| Revenue from operations | 17.25 | 217.04 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Sugar | (751.81) | (2,336.02) | ||||
| 2 | Distillery | (208.51) | (636.89) | ||||
| 3 | Power | (131.33) | (395.11) | ||||
| 4 | Unallocated | 17.25 | 217.04 | ||||
| Total Profit before tax | (1,074.40) | (3,150.98) | |||||
| i. Finance cost | 953.79 | 2,910.83 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | (2,028.19) | (6,061.81) | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Sugar | 29,084.18 | 29,084.18 | ||||
| 2 | Distillery | 8,146.93 | 8,146.93 | ||||
| 3 | Power | 8,529.06 | 8,529.06 | ||||
| 4 | Unallocated | 99.27 | 99.27 | ||||
| Total Segment Asset | 45,859.44 | 45,859.44 | |||||
| Un-allocable Assets | 0.00 | 0.00 | |||||
| Net Segment Asset | 45,859.44 | 45,859.44 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Sugar | 56,445.73 | 56,445.73 | ||||
| 2 | Distillery | 3,047.40 | 3,047.40 | ||||
| 3 | Power | 8,756.21 | 8,756.21 | ||||
| 4 | Unallocated | 0.00 | 0.00 | ||||
| Total Segment Liabilities | 68,249.34 | 68,249.34 | |||||
| Un-allocable Liabilities | 0.00 | 0.00 | |||||
| Net Segment Liabilities | 68,249.34 | 68,249.34 | |||||
| Disclosure of notes on segments | |||||||
| 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 | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | 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 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | 0.00 | 0.00 |
| Sr. No. | Particulars | Amount | Remarks |
| 1. | Loans / revolving facilities like cash credit from banks / financial institutions | ||
| A | Total amount outstanding as on date | 30,698.00 | |
|---|---|---|---|
| B | Of the total amount outstanding, amount of default as on date | 1,048.00 | |
| 2. | Unlisted debt securities i.e. NCDs and NCRPS | ||
| A | Total amount outstanding as on date | 0.00 | |
| B | Of the total amount outstanding, amount of default as on date | 0.00 | |
| 3. | Total financial indebtedness of the listed entity including short-term and long-term debt | 0.00 | |