Integrated Filing — IndAS



General information about company
Scrip Code 539742
NSE Symbol SIMBHALS
MSEI Symbol NOTLISTED
ISIN INE748T01016
Name of company SIMBHAOLI SUGARS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 09-Jun-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 05-Jun-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 09-Jun-2025   15:30:00
End date and time of board meeting 09-Jun-2025   20:35:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(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 NA
(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. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(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? Yes
Latest Date on which RPT policy is updated 2016-02-15
Indicate Company website link for updated RPT policy of the Company https://www.simbhaolisugars.com/files/tool/944092622.pdf
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone 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 3574025000 11443633000
Other income 117630000 253999000
Total income 3691655000 11697632000
2 Expenses
(a) Cost of materials consumed 4184409000 7052795000
(b) Purchases of stock-in-trade 148286000 718543000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -2103681000 -488000
(d) Employee benefit expense 182318000 619770000
(e) Finance costs -1056000 67542000
(f) Depreciation, depletion and amortisation expense 68453000 277961000
(f) Other Expenses
1 Excise Duty 415929000 1676204000
2 Power & Fuel 59281000 144176000
3 Other Expenses 262426000 901224000
Total other expenses 737636000 2721604000
Total expenses 3216365000 11457727000
3 Total profit before exceptional items and tax 475290000 239905000
4 Exceptional items 0 0
5 Total profit before tax 475290000 239905000
6 Tax expense
7 Current tax 0 0
8 Deferred tax 0 0
9 Total tax expenses 0 0
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 475290000 239905000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 475290000 239905000
17 Other comprehensive income net of taxes -2709000 -2709000
18 Total Comprehensive Income for the period 472581000 237196000
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 412710000 412710000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 0
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 11.51 5.81
Diluted earnings (loss) per share from continuing operations 11.51 5.81
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 11.51 5.81
Diluted earnings (loss) per share from continuing and discontinued operations 11.51 5.81
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



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


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 11489276000
Capital work-in-progress 19278000
Investment property 0
Goodwill 0
Other intangible assets 2446000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 1100938000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 18251000
Total non-current financial assets 1119189000
Deferred tax assets (net) 6442000
Other non-current assets 44616000
Total non-current assets 12681247000
2 Current assets
Inventories 4809398000
Current financial asset
Current investments 217086000
Trade receivables, current 304574000
Cash and cash equivalents 318446000
Bank balance other than cash and cash equivalents 325449000
Loans, current 0
Other current financial assets 920384000
Total current financial assets 2085939000
Current tax assets (net) 22858000
Other current assets 174018000
Total current assets 7092213000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 19773460000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 412790000
Other equity -879746000
Total equity attributable to owners of parent -466956000
Non controlling interest
Total equity -466956000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 30490000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 0
Total non-current financial liabilities 30490000
Provisions, non-current 43703000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 74193000
Current liabilities
Current financial liabilities
Borrowings, current 10076959000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 85367000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 6795975000
Total Trade payable 6881342000
Other current financial liabilities 2996576000
Total current financial liabilities 19954877000
Other current liabilities 192320000
Provisions, current 19026000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 20166223000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 20240416000
Total equity and liabilites 19773460000
Disclosure of notes on assets and liabilities



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-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Sugar 3066175000 8591361000
2 Distillery 1151851000 3953498000
3 Borrowing 0 0
Total Segment Revenue 4218026000 12544859000
Less: Inter segment revenue 644001000 644001000
Revenue from operations 3574025000 11443633000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Sugar 355660000 220108000
2 Distillery 17195000 -58337000
3 Borrowing 0 0
Total Profit before tax 372855000 161771000
i. Finance cost -1056000 -1056000
ii. Other Unallocable Expenditure net off Unallocable income -101379000 -101379000
Profit before tax 475290000 239905000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Sugar 13358236000 13358236000
2 Distillery 3922518000 3922518000
3 Borrowing 0 0
Total Segment Asset 17280754000 17280754000
Un-allocable Assets 2492706000 2492706000
Net Segment Asset 19773460000 19773460000
4 Segment Liabilities
Segment Liabilities
1 Sugar 7191324000 7191324000
2 Distillery 193397000 193397000
3 Borrowing 10107449000 10107449000
Total Segment Liabilities 17492170000 17492170000
Un-allocable Liabilities 2748246000 2748246000
Net Segment Liabilities 20240416000 20240416000
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
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 2709000 2709000
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
5 Total Other comprehensive income -2709000 -2709000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 239905000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 67542000
Adjustments for decrease (increase) in inventories 25986000
Adjustments for decrease (increase) in trade receivables, current -25395000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets -48359000
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 3552000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -183530000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 52456000
Adjustments for depreciation and amortisation expense 277961000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current -4115000
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 55436000
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 111754000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 7524000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 117304000
Net cash flows from (used in) operations 357209000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) -28312000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 385521000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 8500000
Purchase of property, plant and equipment 72516000
Proceeds from sales of investment property 0
Purchase of investment property -150000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received -2308000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -320197000
Net cash flows from (used in) investing activities -386371000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings -176193000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 0
Income taxes paid (refund) 56547000
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 119646000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 118796000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 118796000
Cash and cash equivalents cash flow statement at beginning of period 199650000
Cash and cash equivalents cash flow statement at end of period 318446000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Mittal Gupta & Co.n Yes 29-Feb-2028


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 11697632000 11645222000
2 Total Expenditure 11457727000 30289527000
3 Net Profit/(Loss) 239905000 -18644335000
4 Earnings Per Share 5.81 -451.67
5 Total Assets 19773460000 19937489000
6 Total Liabilities 20240416000 38960627000
7 Net Worth -466956000 -19351196000


Audit qualification
Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Repetitive Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)
2 Textual Information(6) Qualified opinion Repetitive Textual Information(7) Textual Information(8) Textual Information(9) Textual Information(10)
3 Textual Information(11) Qualified opinion Repetitive Textual Information(12) Textual Information(13) Textual Information(14) Textual Information(15)
4 Textual Information(16) Qualified opinion Whether appeared first time Textual Information(17) Textual Information(18) Textual Information(19) Textual Information(20)
5 Textual Information(21) Qualified opinion Repetitive Textual Information(22) Textual Information(23) Textual Information(24) Textual Information(25)
6 Textual Information(26) Qualified opinion Repetitive Textual Information(27) Textual Information(28) Textual Information(29) Textual Information(30)
7 Textual Information(31) Qualified opinion Repetitive Textual Information(32) Textual Information(33) Textual Information(34) Textual Information(35)


Text Block
Textual Information(1) We draw attention to Note No. 3 of the Statements, regarding non-provision of interest expense amounting to Rs 63,937.03 Lakhs for the year ended March 31, 2025 (previous year Rs. 22,144.56 Lakhs) on certain borrowings for the reasons stated in the said note. Consequently, the Finance Cost for the year and, Net Loss and Total Comprehensive Income for the year have been understated by the aforesaid amounts. The aggregate amount of interest expense not provided for in the accounts aggregates to Rs 1,75,029.63 Lakhs till March 31, 2025. Consequently, Current Financial Liabilities are understated and Other Equity as at March 31, 2025 are overstated by the aforesaid amounts.
Textual Information(2) As stated in the note No. 2 of the statement, Pursuant to an application filed by nOriental Bank of Commerce (now Punjab National Bank) before Hon'ble National nCompany Law Tribunal, Allahabad Bench, Prayagraj (NCLT) under section 7 of nthe Insolvency and Bankruptcy Code, 2016 read with the rules and regulations nframed thereunder (Code), the NCLT had admitted the application and ordered nthe commencement of Corporate Insolvency Resolution Process (CIRP) of nSimbhaoli Sugars Limited (Corporate Debtor or Company) vide its order dated nJuly 11, 2024. NCLT had appointed Mr. Anurag Goel, as Interim Resolution nProfessional (IRP) to carry the functions as mentioned under the Code. Accordingly, nthe company shall assess the impairment in the value of all the assets, including ninvestments made and money recoverable from subsidiary and write back of nfinancial and operational liabilities, if any, at the time of finalization and nimplementation of CIRP. Further, in view of the fact that the company is in CIRP, nno provision has been made in respect of interest accrued on borrowings naggregating to Rs 1,75,029.63 Lakhs and interest on delayed payment of cane price of Rs n12,163.25 Lakhs.
Textual Information(3) NA
Textual Information(4) Final assessment of fair value of all the assets and liabilities will be made after nfinalization and implementation of CIRP and accordingly impairment and write nback will be accounted for.
Textual Information(5) The management has not quantified the impairment of the assets and write nback of liabilities and represented us that the final assessment shall be made nonly at the time of finalization and implementation of CIRP.
Textual Information(6) We draw attention to Note No. 4,7 and 8 of the Statement regarding not making provisions for impairment in the carrying value of Property, Plant and Equipment, carrying amount of investments and other recoverable from subsidiaries companies aggregating to Rs. 21,438.11 Lakhs And other assets, and also not making any adjustments for write back of financial and operational liabilities, which shall be accounted for after finalization and implementation of CIRP. Accordingly, we are unable to comment on the impact thereof, including ncompliance with the Ind AS and any consequential adjustments that may arise in this regard in these financial results.
Textual Information(7) NA
Textual Information(8) NA
Textual Information(9) Final assessment of fair value of all the assets and liabilities will be made after nfinalization and implementation of CIRP and accordingly impairment and write nback will be accounted for.
Textual Information(10) The management has not quantified the impairment of the assets and write nback of liabilities and represented us that the final assessment shall be made nonly at the time of finalization and implementation of CIRP.
Textual Information(11) We draw attention to Note No 6 of the Statement regarding non provision of interest payable on delayed payment of cane dues as claimed by the cane society before IRP office as on July 11, 2024 amount to Rs. 12,163.25 Lakhs which is under sub-judice. Consequently, Net Profit and Total Comprehensive Income for the nquarter and year have been overstated, Current Financial Liabilities are understated and Other Equity as at March 31, 2025 are overstated by the aforesaid amounts. Since, we have not been provided with the working of interest on delayed payment of cane price accrued after July 11, 2024, we are unable to comment of consequential adjustments that may arise in this regard in these financial results.
Textual Information(12) As stated in the note No. 2 of the statement, Pursuant to an application filed by nOriental Bank of Commerce (now Punjab National Bank) before Hon'ble National nCompany Law Tribunal, Allahabad Bench, Prayagraj (NCLT) under section 7 of nthe Insolvency and Bankruptcy Code, 2016 read with the rules and regulations nframed thereunder (Code), the NCLT had admitted the application and ordered nthe commencement of Corporate Insolvency Resolution Process (CIRP) of nSimbhaoli Sugars Limited (Corporate Debtor or Company) vide its order dated nJuly 11, 2024. NCLT had appointed Mr. Anurag Goel, as Interim Resolution nProfessional (IRP) to carry the functions as mentioned under the Code. Accordingly, nthe company shall assess the impairment in the value of all the assets, including ninvestments made and money recoverable from subsidiary and write back of nfinancial and operational liabilities, if any, at the time of finalization and nimplementation of CIRP. Further, in view of the fact that the company is in CIRP, nno provision has been made in respect of interest accrued on borrowings naggregating to Rs 1,75,029.63 Lakhs and interest on delayed payment of cane price of Rs n12,163.25 Lakhs.
Textual Information(13) NA
Textual Information(14) Final assessment of fair value of all the assets and liabilities will be made after nfinalization and implementation of CIRP and accordingly impairment and write nback will be accounted for.
Textual Information(15) The management has not quantified the impairment of the assets and write nback of liabilities and represented us that the final assessment shall be made nonly at the time of finalization and implementation of CIRP.
Textual Information(16) We draw attention to Note No 7 of the Statement which states that the Company and SPPL are in dispute in the matter of levy certain penalties amounting to Rs. 1640.29 Lakhs. The Company has not accounted for penalties levied by the SPPL of Rs. 1116.19 Lakhs and SPPL has not accounted for penalties levied by the nCompany of Rs 524.10 lakh. Due to aforesaid reason the profit for the quarter and year ended March 31, 2025 and current assets and other equity as at March 31, 2025, over stated by Rs 1640.29 Lakhs and and current assets and Other Equity as at March 31, 2025, are overstated by Rs 1640.29 Lakhs.
Textual Information(17) Since the Company is in CIRP and is in dispute with SPPL in the matter of levy ncertain penalties amounting to Rs 1640.29 Lakhs. The Company has not accounted for npenalties levied by the SPPL of Rs 1116.19 Lakhs and recognized income on account nof penalties levied by it of Rs 524.10 lakh. The final decision on these matters will be ntaken at the time of finalization and implementation of CIRP.
Textual Information(18) NA
Textual Information(19) Final assessment of fair value of all the assets and liabilities will be made after nfinalization and implementation of CIRP and accordingly impairment and write nback will be accounted for.
Textual Information(20) The management has not quantified the impairment of the assets and write nback of liabilities and represented us that the final assessment shall be made nonly at the time of finalization and implementation of CIRP.
Textual Information(21) We draw attention to Note No. 9 of the statement which states that the company has paid remuneration to directors amounting to Rs 355.83 lakhs from the date of appointment till march 31, 2025, in accordance with the special resolutions passed in the Annual General Meeting, without obtaining consent from lenders. nThe aforesaid payment of remuneration is not in compliance with the provisions of sections 197 of the Companies Act, 2013.
Textual Information(22) The ratification of remuneration paid to directors amounting to Rs 355.83 Lakhs from nthe appointment till march 31, 2025, in accordance with the special resolutions npassed in the Annual General Meeting, will be done in COC after if formation for nmaking it compliant with the provisions of sections 197 of the Companies Act, 2013.
Textual Information(23) NA
Textual Information(24) Final assessment of fair value of all the assets and liabilities will be made after nfinalization and implementation of CIRP and accordingly impairment and write nback will be accounted for.
Textual Information(25) The management has not quantified the impairment of the assets and write nback of liabilities and represented us that the final assessment shall be made nonly at the time of finalization and implementation of CIRP.
Textual Information(26) We draw attention to Note No. 10 of the statement regarding non provision of remuneration accruing and payable to Chief Financial Officer for the period from 15th February 2025 to March 31, 2025 amounting to 9.23 lakhs. Consequently, the profit for the quarter and year ended March 31, 2025 and other equity as at nMarch 31, 2025 are overstated and current liability is under by aforesaid amount.
Textual Information(27) The provision in respect of remuneration accruing and payable to Chief Financial nOfficer for the period from 15th February 2025 to March 31, 2025 amounting to Rs n9.23 Lakhs will be made after its ratification of appointment and remuneration of nCFO by the COC.
Textual Information(28) NA
Textual Information(29) Final assessment of fair value of all the assets and liabilities will be made after nfinalization and implementation of CIRP and accordingly impairment and write nback will be accounted for.
Textual Information(30) The management has not quantified the impairment of the assets and write nback of liabilities and represented us that the final assessment shall be made nonly at the time of finalization and implementation of CIRP.
Textual Information(31) We draw attention to Note No 5 of the Statement regarding preparation of accounts on going concern basis despite the company continues to incur loss, current liabilities exceed current assets and has defaulted in payment of dues to lenders, cane farmers and other dues. These events indicate that material nuncertainty exists that may cast significant doubt on Companys ability to continue as going concern
Textual Information(32) NA
Textual Information(33) NA
Textual Information(34) Final assessment of fair value of all the assets and liabilities will be made after nfinalization and implementation of CIRP and accordingly impairment and write nback will be accounted for.
Textual Information(35) The management has not quantified the impairment of the assets and write nback of liabilities and represented us that the final assessment shall be made nonly at the time of finalization and implementation of CIRP.


Signatories detail
Name of CEO / Managing director NA
Name of CFO Dayal Chand Popli
Name of audit committee chairman NA
Name of statutory auditor Bhihari Lal Gupta
Name of other signatory, if any, with designation Mr. Anurag Goel IRP of the Company
Place Noida
Date 10-Jun-2025


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Simbhaoli Sugars Limited Dholadhar Investments Private Limited Subsidiary Interest paid 1092000 NA 1092000 -30490000 -30490000
2 Simbhaoli Sugars Limited Simbhaoli Foundation Trust Trust Any other transaction Rent received 6000 NA 6000 68000 75000
3 Simbhaoli Sugars Limited Integrated Casetech Consultants Private Limited Subsidiary Any other transaction Other transactions 21251000 NA 21251000 33052000 26245000
4 Simbhaoli Sugars Limited Mr. Atul Mahindru Independent Director Any other transaction Sitting fees 80000 NA 80000 -18000 -18000
5 Simbhaoli Sugars Limited Mr. Har Prasad Kain Independent Director Any other transaction Sitting fees 125000 NA 125000 -18000 -18000
6 Simbhaoli Sugars Limited Mr. Shyam Sunder Independent Director Any other transaction Sitting fees 125000 NA 125000 -18000 -18000
7 Simbhaoli Sugars Limited Mr. Dayal Chand Popli Chief Financial Officer Remuneration 6744000 NA 6744000 -9000 -1546000
8 Simbhaoli Sugars Limited Mr. Shubham Kandhway Company Secretary Remuneration 1959000 NA 1959000 18000 0
9 Simbhaoli Sugars Limited Mr. Anil Kumar Sharma Company Secretary Remuneration 91000 NA 91000 0 -84000
10 Simbhaoli Sugars Limited Mr. Sachchida Nand Misra Whole Time Director Remuneration 5401000 NA 5401000 0 -1010000
11 Simbhaoli Sugars Limited Ms. Gursimran Kaur Mann Managing Director Remuneration 0 NA 0 -269000 -273000
12 Simbhaoli Sugars Limited Simbhaoli Specialty Sugars Private Limited Subsidiary Any other transaction Rent Paid/other expenses 2033000 NA 2033000 -2506000 -2723000
13 Simbhaoli Sugars Limited Simbhaoli Superannuation Trust Subsidiary Any other transaction contribution in trust 691000 NA 691000 -466000 -412000
14 Simbhaoli Sugars Limited Simbhaoli Power Private Limited Subsidiary Interest received 122570000 NA 122570000 657219000 751858000
15 Simbhaoli Sugars Limited Simbhaoli Power Private Limited Subsidiary Any other transaction Other transactions 261982000 NA 261982000 80520000 176864000
16 Simbhaoli Sugars Limited Raghav Sharma Independent Director Any other transaction Sitting fees 65000 NA 65000 0 0
17 Simbhaoli Sugars Limited Simbhaoli Transport Carrier Pvt Ltd Subsidiary Any other transaction Rent Received/other transactions 10856000 NA 10856000 -9302000 -6960000
Total value of transaction during the reporting period 435071000





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 100800000 Simbhaoli Sugars Limited is under Corporate Insolvency Resolution Process (CIRP) of the Insolvency and nBankruptcy Code 2016 (IBC) in terms of Order passed by the Honble National Company Law Tribunal (NCLT), nAllahabad Bench with effect from July 11, 2024. Mr. Anurag Goel an insolvency professional having IBBI nregistration no. IBBI/IPA-001/IP-P00876/2017-2018/11460 was appointed as Interim Resolution Professional nby NCLT vide its Order dated July 11, 2024. n nPursuant to the provisions of Sections 17, 18 and 20 of the IBC, the powers of the Board of Directors of Corporate Debtor shall stand suspended and such powers shall be vested with the aforesaid IRP. Thus, the powers that are to be exercised by the board shall be vested Mr. Anurag Goel (IRP). The NCLT order is attached herewith for your reference. n nIn view of the above, audited (standalone) financial results have not been considered and recommended by Audit Committee and, consequently by the Board of Directors. However, the same have been certified by Mr. Dayal Popli- Chief Financial officer (CFO) of the Company. Based on this certification, these audited (standalone) financial results have been taken on record by IRP of the Company on 09th June,2025.
B Of the total amount outstanding, amount of default as on date 100800000
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