Simbhaoli Sugars Limited hereby submitted Consolidated Audited Financial Results along with Independent Auditor''s Report for the Quarter and Year ended 31st March 2026.
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 13 Jul 2026, 06:18 PM IST · BSE ID: 578266db-bad6-4bf6-880a-6633212896e5
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's full-year results were approved by the insolvency officer, but auditors flagged major concerns about its financial health.
🤖 AI Summary
- Interim Resolution Professional (IRP) approved audited consolidated financial results for Q4 and FY ended March 31, 2026.
- NCLAT orally dismissed the appeal filed by Ms. Gursimran Kaur Mann, a promoter, on July 13, 2026.
- NCLAT disposed of the appeal filed by Surender Pal Singh Mangat (Farmer) with certain directions.
- Auditors issued an Adverse Opinion on the consolidated financial results for the year ended March 31, 2026.
- The company continues under Corporate Insolvency Resolution Process (CIRP) initiated on July 11, 2024.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net loss (SPPL) for current year
INR 2138.80 Lakhs
Net loss (SPPL) for previous year
INR 2908.40 Lakhs
Current liabilities exceeding current assets (SPPL)
INR 16,308.30 lakhs
Receivables from JV partner SSL (SPPL)
INR 2174.80 Lakhs
🏢 How This Affects the Company
The Adverse Opinion from auditors on consolidated financials indicates significant issues with the reported financial position and performance.
Operations remain under the control of the Interim Resolution Professional, with the Board of Directors' powers suspended since July 11, 2024.
The Adverse Opinion and ongoing CIRP, coupled with going concern issues in a material subsidiary, indicate very high financial and operational risks for the company.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this filing, as the company is under CIRP.
👤
Who Is Affected
All shareholders are affected by the company's ongoing Corporate Insolvency Resolution Process and the auditor's Adverse Opinion on the consolidated financial results.
🔍
Management Signal
The IRP approved the financial results, relying on management's assistance, indicating the continuation of operations under insolvency administration.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
NCLAT's certified order details – assess directions regarding the farmer's appeal.
Status of Corporate Insolvency Resolution Process (CIRP) — track resolution plan developments.
Auditor's report for next financial period — check for resolution of adverse opinion basis.
HIGH RISK
Ongoing CIRP, an Adverse Opinion on consolidated financials, and significant going concern issues for a material subsidiary.
💡 Investor Takeaway
The company's audited consolidated financial results for FY26 received an 'Adverse Opinion' from auditors, citing material uncertainties and going concern issues for a subsidiary. The NCLAT dismissed the promoter's appeal, while the company remains in Corporate Insolvency Resolution Process.
⚖️ Strengths & Concerns
⚠️ Concerns
- Auditors issued an 'Adverse Opinion' on the consolidated financial results for the year ended March 31, 2026.
- A material subsidiary, Simbhaoli Power Private Limited (SPPL), received a 'Disclaimer of Opinion' from its auditors, citing going concern issues and substantial losses.
📅 Company Track Record
Simbhaoli Sugars Limited has been undergoing Corporate Insolvency Resolution Process (CIRP) since July 11, 2024. Prior filings noted auditors issued adverse opinions on consolidated FY25 results, and NCLAT hearings for insolvency proceedings were active as of March 24, 2026.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the auditor's opinion on Simbhaoli Sugars Limited's consolidated financial results for FY26?
The auditors issued an 'Adverse Opinion' on the consolidated financial results for the quarter and year ended March 31, 2026.
What was the NCLAT's decision regarding the appeals on July 13, 2026?
The NCLAT orally dismissed the appeal filed by Ms. Gursimran Kaur Mann (Promoter) and disposed of the appeal filed by Surender Pal Singh Mangat (Farmer) with certain directions.
What is the status of Simbhaoli Sugars Limited's operations?
Simbhaoli Sugars Limited is currently undergoing Corporate Insolvency Resolution Process (CIRP) since July 11, 2024, with powers of the Board suspended and operations managed by the Interim Resolution Professional.
What specific issues led to the 'Disclaimer of Opinion' for Simbhaoli Power Private Limited (SPPL)?
SPPL's auditors cited a net loss of INR 2138.80 Lakhs, current liabilities exceeding current assets by INR 16,308.30 lakhs, a non-operational turbine, and dispute over bagasse purchase price with a JV partner as reasons for the 'Disclaimer of Opinion' due to going concern uncertainties.
Questions based on this BSE filing only. For information purposes.