Sakthi Sugars Ltd

Sakthi Sugars Limited — Trading Window closed for designated persons and their immediate relatives from end of the quarter ending 30 September 2026 till 48 hours after the date of declaration of unaudited quarterly financial results for the quarter ending 30 September 2026.

AGM details

• Date and time: 25 September 2026, 12:30 PM IST.
• Mode: Video Conferencing / Other Audio Visual Means.
• Voting cut-off: 18 September 2026.

Resolutions and outcomes

• Item 1: Adoption of audited financial statements for year ended 31 March 2026 — approved.
• Item 2: Re-appointment of Sri M. Srinivaasan as Director — approved.
• Item 3: Special: Re-appointment of Balasubramaniam as MD for five years — approved.
• Item 4: Re-appointment of M. Srinivaasan as Joint Managing Director for five years — approved.
• Item 5: Appointment of S Chandrasekhar as Non-Executive Non-Independent Director — approved.
• Item 6: Remuneration payable to STR & Associates for FY 2027 — approved.
• Item 7: Donation authority to charitable funds up to Rs 20 Lakhs in FY 2027-28 — approved.

Director and management changes

• Balasubramaniam appointed Managing Director for five-year term.
• M. Srinivaasan appointed Joint Managing Director for five-year term.
• S Chandrasekhar appointed Non-Executive Non-Independent Director.

Auditors and related approvals

• Remuneration payable to STR & Associates ratified for FY 2027.

AGM details

• Date and time: 25 September 2026 at 12:30 PM.
• Mode: VC/OAVM (video conferencing / e-meeting).
• Remote e-voting conducted 22–24 September 2026.
• Scrutinizer appointed to conduct voting.
• Quorum present; meeting concluded at 1:05 PM.

Resolutions

• Ordinary: Adoption of audited financial statements for year ended 31 March 2026.
• Ordinary: Reappointment of Srinivaasan as Director by rotation.
• Special: Reappointment of Balasubramaniam as Managing Director for five years without remuneration.
• Ordinary: Reappointment of Srinivaasan as Joint Managing Director for five years without remuneration.
• Ordinary: Appointment of Chandrasekhar as Non-Executive Non-Independent Director from 13 August 2026.
• Ordinary: Ratification of remuneration to Cost Auditors for FY 2027.
• Ordinary: Authorization to donate to charitable funds for 2027-28.

Voting status

• Outcomes not disclosed; results to be announced later.
• Scrutinizer’s report to be submitted to exchanges and the company website.

Auditors

• Remuneration of Cost Auditors ratified for FY ending 31 March 2027.
• Statutory Auditors attended; no appointment change reported.

Director changes

• Balasubramaniam reappointed as MD for five years without remuneration.
• Srinivaasan reappointed as Joint MD for five years without remuneration.
• Chandrasekhar appointed as Non-Executive Non-Independent Director effective 13 August 2026.

AGM notice and related investor actions

• 64th AGM scheduled for 25 September 2026 at 12:30 IST via VC/OAVM.
• Annual Report 2025-26 available online; link and path provided for members without registered emails.
• Cut-off date for email-less members to access AR: 21 August 2026.
• Web-link to AR: sakthisugars.com/annualreport-2025-26.pdf.
• KYC update and dematerialisation of physical securities urged under SEBI circular HO/38/13/2026.
• Required KYC fields include PAN, address, mobile, bank details, signature, and nomination.
• Email ID remains optional but recommended to receive communications; physical folios must update for online services.
• RTA contact for queries: investor.helpdesk@in.mpms.mufg.com; or shares@sakthisugars.com.

Financial snapshot

• Revenue from operations stood at 89,897.02 lakh in 2025-26.
• Total income reached 98,537.11 lakh for the year.
• Net profit after tax was 2,813.45 lakh.
• Comprehensive income totaled 2,957.20 lakh.
• Earnings per share basic/diluted was 2.37 rupees.
• Total equity stood at 22,822.05 lakh.
• Net debt to equity ratio at year-end was 3.13x.
• Dividend declared for 2025-26: none.

Segment performance

• Sugar revenue: 61,066.16 lakh.
• Distillery revenue: 17,495.16 lakh.
• Cogeneration (Power) revenue: 11,335.70 lakh.
• Inter-segment revenue total: 27,120.52 lakh.
• Sugar segment operating loss: 3,231.30 lakh.
• Distillery operating profit: 2,635.40 lakh.
• Power operating profit: 10,566.91 lakh.

Debt & liquidity

• Non-current borrowings: 61,946.60 lakh.
• Current borrowings: 10,043.61 lakh.
• Total borrowings: 71,990.21 lakh.
• Net debt: 71,412.59 lakh.
• Cash and cash equivalents: 577.62 lakh.
• Current ratio: 0.70x.

Governance & board

• MD Balasubramaniam and Joint MD Srinivaasan reappointed for five years from 27 Aug 2026.
• Sri M Chandrasekhar appointed as Additional Director from 13 Aug 2026.
• Priya Bhansali Independent Director retired 30 Sep 2025; Susheela Balakrishnan appointed Independent 13 Aug 2025.
• Board met five times in 2025-26; Audit/NRC committees reconstituted in 2025.
• Statutory auditors: P N Raghavendra Rao & Co; Secretarial Auditor: R Dhanasekaran.
• ABT Investments transferred shares to MD; ABT ceased as Holding Company; ABTIIPL became Associate; no subsidiary.

Regulatory & contingencies

• GST disputes total 422.32 lakh; cane price dispute 9,504.47 lakh.
• Differential levy disputes 2,581.30 lakh; electricity tax 6,321.21 lakh.
• Capital commitments: estimated contracts remaining 21.02 lakh.
• APTEL ruling: differential tariff income and carrying cost recognised; TNERC order pending.

Outlook & industry risks

• Outlook: 2026-27 sugar production around 31 million tonnes.
• Ethanol blending expansion offers growth opportunities.
• Cane availability risk due to monsoon variability; area tracked around 54.08 lakh ha.
• Domestic consumption outlook depends on rainfall and cane productivity.

Audits & internal controls

• Internal control system is adequate; in-house internal audit team reports quarterly to Audit Committee.
• Independent Directors meet separately; Board evaluation conducted as per SEBI guidance.
• Corporate governance compliance certificates issued; special resolution for 75+ Independent Director approval received timely.
• CSR provision not applicable; CSR policy on company website.