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Latest filing: 2026-09-18 18:41
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15 announcements match the current filters (relevance ≥ 5).
Uttam Sugar Appoints Harish Kumar Dhingra as CFO Effective September 18, 2026
Uttam Sugar Mills Limited has appointed Mr. Harish Kumar Dhingra as Chief Financial Officer (CFO) and Key Managerial Personnel, designated as General Manager - Finance & CFO, effective September 18, 2026. Mr. Dhingra has been with the company since 2005 and has served as General Manager - Finance since July 2017, bringing over 30 years of finance experience. The appointment represents internal succession to oversee financial operations for a company with TTM revenue of ₹2,180 Cr and total debt of ₹682 Cr. The board meeting approving the appointment concluded at 3:45 p.m. on September 18, 2026.
Confidence: HIGH
What changedHarish Kumar Dhingra has been elevated to Chief Financial Officer (KMP) of Uttam Sugar Mills Limited, effective September 18, 2026.
Why it mattersProvides continuity in financial management via an internal candidate who has been with the company's finance department for over two decades.
Effective date of appointment: September 18, 2026Appointee total experience: Over 30 yearsTenure at Uttam Sugar: Since 2005 (21 years)Company TTM revenue context: ₹2180 Cr
📅 Short termAdministrative leadership transition with minimal impact on day-to-day operations or stock performance.
📈 Long termLimited structural change given the CFO is an internal veteran who has managed company finance operations as GM Finance since 2017.
Key Highlights
Appointment of Harish Kumar Dhingra as Chief Financial Officer effective September 18, 2026
Appointee has over 30 years of corporate finance experience and cleared the CMA exam in December 1994
Internal elevation after serving 21 years at the company since joining as Assistant Manager in 2005
Previously served as General Manager - Finance since July 2017
👀 What to Watch
Monitor upcoming quarterly financial filings for any updates on capital allocation, debt management (current debt at ₹682 Cr), or strategic distillery operations.
Uttam Sugar Mills CFO Sanjay Bhandari Resigns After Nearly 20 Years
Uttam Sugar Mills Limited announced the resignation of its Chief Financial Officer (Key Managerial Personnel), Mr. Sanjay Bhandari, effective from the close of business hours on September 16, 2026. Bhandari stepped down after nearly 20 years with the company, citing personal health and medical reasons. The company has not yet named an interim or permanent successor to oversee its finance operations, which manage an annual revenue base of Rs 2,201.41 Cr (FY26) and total debt of Rs 682 Cr.
Confidence: HIGH
What changedSanjay Bhandari resigned as Chief Financial Officer and KMP of Uttam Sugar Mills, effective September 16, 2026.
Why it mattersThe exit of a long-serving CFO of nearly 20 years requires the company to transition financial reporting, capital allocation, and management of its Rs 682 Cr debt book to new leadership.
Tenure at company: nearly 20 yearsEffective cessation date: 16th September, 2026Company TTM revenue overseen: Rs 2180 CrTotal debt to manage: Rs 682 Cr
📅 Short termShort-term administrative transition; investors will look for the board's announcement of a successor or interim CFO.
📈 Long termLimited operational disruption expected given the resignation is due to health reasons, provided a competent finance lead is appointed to oversee ethanol and sugar operations.
⚠ Risk flags
- Key person departure with no immediate successor announced
- Transitional risk in financial oversight and debt management
Key Highlights
CFO Sanjay Bhandari tendered resignation via email dated September 15, 2026
Relieved from CFO duties effective close of business hours on September 16, 2026
Departure concludes a tenure of nearly 20 years at the company
Reason cited explicitly as mental and physical health/medical reasons with no other factors involved
👀 What to Watch
Track subsequent exchange filings for the appointment of a new CFO to ensure seamless financial leadership and debt management.
Uttam Sugar Mills CFO Sanjay Bhandari Resigns After Nearly 20 Years
Uttam Sugar Mills Limited announced that its Chief Financial Officer (CFO), Mr. Sanjay Bhandari, has resigned due to health reasons after nearly 20 years with the company. His resignation took effect at the close of business hours on September 16, 2026. The company manages a market capitalization of Rs 979 Cr and TTM revenue of Rs 2,180 Cr, with Rs 682 Cr in total debt. Uttam Sugar has not yet named a successor to take over the financial management portfolio.
Confidence: HIGH
What changedChief Financial Officer Sanjay Bhandari stepped down from his role on September 16, 2026, citing health reasons.
Why it mattersThe CFO position is critical for managing the company's Rs 682 Cr debt load, working capital cycles in the sugar crushing season, and ongoing distillery operations.
Tenure at company: nearly 20 yearsRelieving date: 16th September, 2026Total Debt (Context): Rs 682 CrTTM Revenue (Context): Rs 2180 Cr
📅 Short termShort-term attention will center on the interim finance leadership and the prompt announcement of a successor.
📈 Long termLimited operational disruption expected if a qualified CFO is recruited before the peak crushing and ethanol production season.
⚠ Risk flags
- Leadership transition risk in finance given the company's Rs 682 Cr debt and capital requirements
- Successor not named simultaneously
Key Highlights
CFO Sanjay Bhandari resigned vide email dated September 15, 2026
Relieved from duties effective closure of business hours on September 16, 2026
Resignation follows a tenure of nearly 20 years at the company
Personal health and medical reasons cited with no other undisclosed considerations
👀 What to Watch
Track subsequent exchange filings for the appointment of a new Chief Financial Officer to oversee capital allocation and debt servicing.
91% PAT Drop in Q1 FY27; Consolidated Revenue at Rs 607.65 Cr
Uttam Sugar Mills reported a weak Q1 FY27 with consolidated PAT falling 91% YoY to Rs 1.30 Cr from Rs 14.53 Cr. Consolidated revenue declined 3.5% YoY to Rs 607.65 Cr, while EBITDA contracted sharply by 46.8% to Rs 27.47 Cr. The performance was severely impacted by a 94.8% collapse in power exports and a 6.7% drop in distillery sales volumes. Despite these headwinds, sugar realizations improved slightly by 2.9% to Rs 4,192 per quintal.
Confidence: HIGH
What changedThe company experienced a significant operational downturn in Q1 FY27, moving from a PAT of Rs 14.53 Cr to near-breakeven at Rs 1.30 Cr, primarily due to lower power and distillery contributions.
Why it mattersThe sharp drop in EBITDA and PAT highlights the company's vulnerability to operational fluctuations in its integrated segments (power and ethanol), which are intended to provide stability against volatile sugar prices.
Consolidated Revenue (Q1 FY27): Rs 607.65 CrConsolidated PAT (Q1 FY27): Rs 1.30 CrEBITDA Margin (Q1 FY27): 4.52%Power Export Decline: 94.8%Sugar Realization: Rs 4192/Qtl
📅 Short termThe stock is likely to face downward pressure in the short term due to the significant earnings miss and sharp contraction in margins.
📈 Long termWhile the long-term strategy focuses on ethanol expansion (350 KLPD total capacity) and specialty sugars, the current quarter's operational weakness in power and distillery segments raises concerns about consistency.
⚠ Risk flags
- Sharp decline in power export volumes
- Margin contraction in the distillery segment
- High debt-to-equity ratio of 0.79 relative to small market cap
Key Highlights
Consolidated PAT plummeted 91% YoY to Rs 1.30 Cr in Q1 FY27 compared to Rs 14.53 Cr in Q1 FY26.
Power exports witnessed a massive 94.8% decline to 5.10 lakh KWH from 97.79 lakh KWH YoY.
Consolidated EBITDA fell 46.8% YoY to Rs 27.47 Cr, leading to significant margin compression.
Sugar realization increased to Rs 4,192 per quintal, up from Rs 4,074 in the previous year's quarter.
Distillery sales volume decreased to 262.09 lakh BL from 280.83 lakh BL in Q1 FY26.
👀 What to Watch
Investors should monitor the recovery in power export volumes and distillery throughput in the coming quarters, as these high-margin segments are critical for profitability. Watch for management commentary on the sharp decline in power generation and the impact of cane availability on future crushing.
Uttam Sugar Q1 PAT drops to ₹1.3 Cr; Revenue at ₹606 Cr; Dividend Record Date Sept 11
Uttam Sugar Mills reported a sharp decline in consolidated net profit to ₹1.30 crore for Q1 FY27, down from ₹14.53 crore in the same quarter last year. Consolidated revenue from operations decreased by 3.5% YoY to ₹606.37 crore, primarily due to a 9.5% drop in sugar segment revenue. The distillery segment showed resilience, with revenue growing to ₹178.63 crore from ₹161.15 crore YoY. The company also fixed September 11, 2026, as the record date for the final dividend for FY26.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial results showing a sharp contraction in profitability and a slight decline in revenue compared to the previous year.
Why it mattersThe significant drop in PAT suggests margin pressure in the core sugar business, making the company's strategic shift toward higher-margin ethanol (distillery) even more critical for long-term stability.
Consolidated PAT (Q1 FY27): ₹1.30 crConsolidated Revenue (Q1 FY27): ₹606.37 crDistillery Revenue Growth: 10.8% YoYSugar Revenue Change: -9.5% YoYDividend Record Date: 11-Sep-2026
📅 Short termThe stock may face downward pressure in the coming days as the market reacts to the significant year-on-year decline in net profit.
📈 Long termThe structural shift toward a 25-30% revenue share from ethanol remains the key long-term driver, though sugar commodity price volatility continues to impact quarterly results.
⚠ Risk flags
- Significant margin compression in the sugar segment
- High dependency on government-fixed ethanol pricing
- Seasonal nature of sugar operations affecting quarterly comparisons
Key Highlights
Consolidated Net Profit fell to ₹1.30 crore in Q1 FY27 from ₹14.53 crore in Q1 FY26
Consolidated Revenue from Operations stood at ₹606.37 crore, a 3.5% decrease YoY
Distillery segment revenue increased to ₹178.63 crore from ₹161.15 crore in the previous year's quarter
Sugar segment revenue declined to ₹470.96 crore compared to ₹520.80 crore in Q1 FY26
Record date for final dividend for FY26 is fixed for September 11, 2026
👀 What to Watch
Monitor the recovery in sugar segment margins and the continued ramp-up of the grain-based distillery operations in upcoming quarters to see if ethanol growth can offset sugar cyclicality.
India Ratings Upgrades Uttam Sugar Mills' Rating to IND A/Stable for INR 1,000 Cr Facilities
India Ratings & Research has upgraded Uttam Sugar Mills Limited's credit rating for its bank facilities totaling INR 10,000 million (INR 1,000 crore). The long-term rating was raised to 'IND A' from 'IND A-' with a Stable outlook, and the short-term rating was upgraded to 'IND A1' from 'IND A2+'. This upgrade reflects the company's strengthened financial profile and improved creditworthiness. Such a move typically allows the company to negotiate better interest rates on its working capital and term loans.
Key Highlights
Long-term bank facility rating upgraded to IND A/Stable from IND A-/Stable.
Short-term rating upgraded to IND A1 from IND A2+.
Total rated bank loan facilities amount to INR 10,000 million (INR 1,000 crore).
Key lenders include Punjab National Bank (INR 2,350M), Axis Bank (INR 2,000M), and SBI (INR 1,000M).
👀 What to Watch
The rating upgrade is a positive indicator of financial health and could lead to lower borrowing costs. Investors should view this as a sign of improved balance sheet strength in a cyclical industry.
Uttam Sugar Mills FY26 Consolidated PAT Rises 13.6% to ₹100.3 Cr; Q4 Profit Dips 24%
Uttam Sugar Mills reported a 19.2% YoY growth in consolidated revenue to ₹2209.92 Cr for FY26, with PAT increasing to ₹100.29 Cr. However, the fourth quarter saw a significant decline, with standalone revenue dropping 17.8% and PAT falling 24.1% due to lower sugar production caused by unfavorable weather conditions. The distillery segment showed strong growth, with annual production increasing from 666 Lakh BL to 877 Lakh BL. While annual performance remains positive, the decline in sugarcane yield and crushing volumes in Q4 presents a near-term challenge.
Key Highlights
Consolidated FY26 Revenue grew 19.2% YoY to ₹2209.92 Cr, while PAT rose 13.6% to ₹100.29 Cr.
Standalone Q4 FY26 PAT declined 24.1% YoY to ₹51.57 Cr, impacted by lower sugarcane availability and yield.
Distillery production surged 31.7% YoY to 877 Lakh BL in FY26, driven by capacity expansions.
Sugar production for FY26 fell to 30.87 Lakh Qtls from 34.69 Lakh Qtls due to unfavorable weather conditions.
Branded and specialty sugar division reached record average monthly sales of 59,698 Qtls in FY26.
👀 What to Watch
Investors should monitor sugarcane yield recovery in the upcoming season as weather-related supply issues impacted Q4 volumes. The company's shift toward high-margin branded sugar and expanded distillery capacity provides a structural hedge against sugar price volatility.
Uttam Sugar Recommends ₹2.50 Equity Dividend and Appoints Auditors for FY 2026-27
Uttam Sugar Mills has recommended an equity dividend of ₹2.50 per share (25% of face value) for the financial year ended March 31, 2026. The company also declared dividends of 6.50% and 10.00% on its Series-I and Series-II preference shares respectively. In a move to ensure governance continuity, the board re-appointed M/s S. S. Kothari Mehta & Company LLP as internal auditors for a three-year term. The annual financial results were submitted with an unmodified audit opinion, signaling healthy accounting practices.
Key Highlights
Recommended equity dividend of ₹2.50 per share (25% of face value) for FY 2025-26
Proposed 6.50% and 10.00% dividends on Series-I and Series-II preference shares
Re-appointed M/s S. S. Kothari Mehta & Company LLP as Internal Auditor for 3 years
Re-appointed M/s M. K. Singhal & Co. as Cost Auditor for FY 2026-27
Statutory auditors issued an unmodified opinion on the annual financial results
👀 What to Watch
Investors should track the record date for the ₹2.50 dividend and review the full financial results to assess the company's operational efficiency. The clean audit report and consistent dividend payout reflect stable corporate governance.
Uttam Sugar Mills Recommends Rs 2.50 Dividend per Share for FY 2025-26
Uttam Sugar Mills Limited has recommended a final dividend of Rs 2.50 per equity share for the financial year ending March 31, 2026, representing a 25% payout on face value. The Board also approved the audited financial results for the year with an unmodified audit opinion, ensuring transparency in reporting. Preference shareholders will receive dividends of 6.50% and 10.00% on Series-I and Series-II shares respectively. Furthermore, the company strengthened its governance by re-appointing internal and cost auditors for the next three years.
Key Highlights
Final dividend of Rs 2.50 per equity share (25% of face value) recommended for FY 2025-26.
Preference share dividends approved at 6.50% for Series-I and 10.00% for Series-II.
Statutory auditors issued an unmodified opinion on the annual audited financial results.
Internal auditors re-appointed for a 3-year term covering FY 2026-27 to FY 2028-29.
Cost auditors re-appointed for the financial year 2026-27 to ensure regulatory compliance.
👀 What to Watch
Investors should hold the stock to benefit from the recommended dividend and check the upcoming AGM date for final approval. Monitor the detailed financial statements for operational efficiency improvements in the sugar and distillery segments.
Uttam Sugar Mills Recommends ₹2.50 Final Dividend and Approves FY26 Audited Results
Uttam Sugar Mills' Board has recommended a final dividend of ₹2.50 per equity share (25% of face value) for the financial year ended March 31, 2026. The company also declared dividends on preference shares, specifically 6.50% for Series-I and 10.00% for Series-II. Alongside these payouts, the Board approved the audited financial results for FY26 with an unmodified audit opinion. Furthermore, the company re-appointed internal and cost auditors to ensure continued regulatory compliance.
Key Highlights
Recommended a final dividend of ₹2.50 per equity share of ₹10 face value (25% payout)
Approved preference dividends of 6.50% on Series-I and 10.00% on Series-II shares
Re-appointed M/s S. S. Kothari Mehta & Company LLP as Internal Auditors for a three-year term
Statutory auditors issued an unmodified opinion on the annual audited financial results for FY26
Re-appointed M/s M. K. Singhal & Co. as Cost Auditors for the financial year 2026-27
👀 What to Watch
Investors should note the dividend yield based on the current market price and await the Annual General Meeting for formal approval. The unmodified audit opinion suggests healthy financial reporting standards.
Uttam Sugar Mills Reports FY26 Results; Recommends ₹2.50 Per Share Equity Dividend
Uttam Sugar Mills Limited has approved its audited financial results for the fiscal year ended March 31, 2026. The Board has recommended a final equity dividend of ₹2.50 per share (25% of face value) and dividends for two series of preference shares at 6.50% and 10.00%. The company also confirmed the re-appointment of internal and cost auditors for the upcoming fiscal years. While the audit report is unmodified, it highlights a pending waiver request for ₹52.52 lakh in total interest on a state government loan.
Key Highlights
Recommended equity dividend of ₹2.50 per share (25% payout) for FY 2025-26.
Preference dividends recommended at 6.50% for Series-I and 10.00% for Series-II shares.
Re-appointed M/s S.S. Kothari Mehta & Company LLP as Internal Auditor for a 3-year term.
Statutory auditors issued an unmodified opinion on standalone and consolidated financial results.
Management is pursuing a waiver for ₹26.26 lakh annual interest on an unsecured loan from the Uttarakhand Government.
👀 What to Watch
Investors should view the dividend recommendation as a positive sign of cash flow stability. Monitor the upcoming Annual General Meeting for final approval and further commentary on the sugar and ethanol business outlook.
Uttam Sugar Mills Redeems Preference Shares Worth Over Rs 17.1 Crore
Uttam Sugar Mills Limited has successfully redeemed two tranches of preference shares as of March 31, 2026. The company redeemed 60,000 shares with a 6.30% coupon and 8,25,000 shares with a 10.00% coupon. The 10% preference shares were redeemed at a premium of Rs 100 per share, resulting in a significant cash outflow. This move is aimed at reducing the company's fixed dividend obligations and optimizing its capital structure.
Key Highlights
Redeemed 60,000 Non-Cumulative Preference Shares (6.30%) at a face value of Rs 100 each.
Redeemed 8,25,000 Non-Cumulative Preference Shares (10.00%) at Rs 100 par plus a premium of Rs 100 per share.
Total cash outflow for the redemption process is estimated at approximately Rs 17.1 crore.
The redemption was approved by the Preference Share Redemption Committee in a meeting held on March 31, 2026.
👀 What to Watch
Investors should view this as a positive development as it reduces future fixed dividend liabilities, potentially increasing the earnings available for equity shareholders. No immediate action is required, but it reflects the company's ability to manage its capital obligations effectively.
Uttam Sugar Q3 FY26 Revenue Up 22% to ₹496 Cr; 9M PAT Surges 102% to ₹47 Cr
Uttam Sugar Mills reported a strong 22.47% YoY growth in standalone revenue for Q3 FY26, reaching ₹495.79 crore, although quarterly PAT saw a slight decline of 8.55% to ₹29.73 crore. The 9-month performance remains exceptionally strong, with standalone PAT doubling to ₹47.17 crore compared to ₹23.31 crore in the previous year. Operational growth was driven by higher sugar sales volumes of 30.45 lakh quintals and a significant increase in distillery sales to 598.47 lakh BL in the 9M period. The company is successfully diversifying into high-margin branded and specialty sugar segments, with monthly average sales reaching 60,816 quintals.
Key Highlights
9M FY26 Standalone PAT jumped 102.36% YoY to ₹47.17 crore from ₹23.31 crore.
Q3 FY26 Standalone Revenue grew 22.47% YoY to ₹495.79 crore.
Sugar realization improved to ₹4,118 per quintal in 9M FY26 compared to ₹3,948 YoY.
Distillery sales volume surged to 598.47 lakh BL in 9M FY26 from 422.90 lakh BL YoY.
Branded and specialty sugar average monthly sales increased to 60,816 quintals in FY26.
👀 What to Watch
Investors should look past the minor quarterly PAT dip and focus on the robust 9-month growth and the company's successful transition toward value-added products and ethanol. The stock remains a strong play on the sugar-ethanol integration theme with improving realizations.
Uttam Sugar Q3 Standalone PAT at ₹29.7 Cr; Revenue Grows 22% YoY to ₹494 Cr
Uttam Sugar Mills reported a 22.4% YoY increase in standalone revenue to ₹494.31 crore for the quarter ended December 31, 2025. Despite the revenue growth, standalone net profit for the quarter declined by 8.5% YoY to ₹29.73 crore. However, the nine-month performance remains robust, with PAT more than doubling to ₹47.17 crore compared to ₹23.31 crore in the previous year. The board also approved extending the redemption period of its 6.50% and 10.00% preference shares to March 2029, aiding liquidity management.
Key Highlights
Standalone Revenue from Operations rose 22.4% YoY to ₹494.31 crore in Q3 FY26.
Standalone Net Profit for the quarter stood at ₹29.73 crore, down from ₹32.51 crore in Q3 FY25.
Nine-month standalone PAT surged 102% YoY to ₹47.17 crore from ₹23.31 crore.
Board approved extending the redemption of 6.50% and 10.00% preference shares until March 31, 2029.
Distillery segment revenue for the quarter was ₹96.33 crore, while Sugar segment revenue stood at ₹514.36 crore before inter-segment eliminations.
👀 What to Watch
Investors should focus on the strong nine-month growth trajectory rather than the slight quarterly PAT dip, which is common in the seasonal sugar industry. The extension of preference share redemptions indicates a strategic move to preserve cash for operations or expansion.
Uttam Sugar to Consider Redemption and Extension of 10% Preference Shares on Feb 12
Uttam Sugar Mills Limited has added new agenda items to its upcoming board meeting scheduled for February 12, 2026. The board will specifically consider the redemption and the extension of the redemption period for its 10.00% Non-Cumulative Redeemable Preference Shares. This update follows an earlier meeting intimation filed on February 03, 2026. The decision will impact the company's capital structure and future dividend/interest obligations.
Key Highlights
Board meeting scheduled for February 12, 2026, to discuss capital structure changes.
Agenda includes the potential redemption of 10.00% Non-Cumulative Redeemable Preference Shares.
Board will also consider extending the redemption period for these 10.00% preference shares.
The announcement is an update to the previous board meeting notice dated February 03, 2026.
👀 What to Watch
Investors should monitor the outcome of the February 12 meeting to see if the company chooses to redeem the shares (improving the balance sheet) or extend the period (indicating cash conservation).
