Dharani Sugars & Chemicals Limited (DHARSUGAR)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Dharani Sugars' revenue was ₹0.5 Cr, and net profit ₹-20.0 Cr; the operating margin was -808.6%.
| Q1 FY27 (₹ Cr) | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹0.5 | — | — |
| Operating profit | ₹-4.0 | — | — |
| Net profit | ₹-20.0 | — | — |
| EPS (₹) | -4.81 | — | — |
| Operating margin | -808.6% | — | — |
📢 Recent Corporate Announcements
Dharani Sugars and Chemicals Limited submitted its quarterly Reconciliation of Share Capital Audit Report for the quarter ended September 30, 2026, pursuant to Regulation 76 of SEBI Regulations. The report confirms a total of 3,32,00,000 equity shares accounting for 100% of the listed capital. Of the total shares, 82.74% (2,74,70,955 shares) are held in dematerialised form with NSDL, 13.83% (45,90,951 shares) with CDSL, and 3.43% (11,38,094 shares) remain in physical form. This is a standard quarterly compliance filing.
- Total shares reported at 3,32,00,000 representing 100% of listed capital
- 82.74% of equity capital (2,74,70,955 shares) held in demat form with NSDL
- 13.83% of equity capital (45,90,951 shares) held in demat form with CDSL
- Physical shareholding stands at 11,38,094 shares (~3.43%)
- Filing made under Regulation 76 of SEBI (Depositories and Participants) Regulations, 2018 for quarter ended September 30, 2026
Dharani Sugars & Chemicals Limited has submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate, issued by Registrar and Share Transfer Agent Cameo Corporate Services Limited on October 08, 2026, confirms that share certificates received for dematerialisation were duly verified, accepted or rejected, and cancelled. This is a standard quarterly administrative filing with no financial or operational impact.
- Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
- Applicable for the quarter ended September 30, 2026
- Certificate issued by RTA Cameo Corporate Services Limited dated October 08, 2026
- Filing submitted to stock exchanges on October 10, 2026
Dharani Sugars and Chemicals Limited disclosed its quarterly debt default data as of September 30, 2026, pursuant to SEBI regulations. The company has defaulted on ₹127.26 crore out of ₹347.69 crore total bank loan facilities. Total financial indebtedness stands at ₹370.17 crore, including ₹22.48 crore of unlisted debt securities where no default is reported. This severe default profile continues to weigh heavily on the firm, which reported a net loss of ₹19.97 crore in the June 2026 quarter on revenue of just ₹0.50 crore.
- Bank loan default continues at ₹127.26 crore as on September 30, 2026
- Total bank/FI loans outstanding reported at ₹347.69 crore
- Total financial indebtedness stands at ₹370.17 crore
- Unlisted debt securities outstanding total ₹22.48 crore with NIL default
Dharani Sugars and Chemicals Limited announced the voting outcome and Scrutinizer Report for its 39th AGM held on September 25, 2026, where all 5 resolutions were passed with the requisite majority. Key approvals included related party borrowing/transaction limits of up to ₹300.00 crore with Dharani Developers Private Limited and up to ₹25.00 crore with Executive Chairman Dr. Palani G Periasamy. Other ordinary and special business approved included adoption of FY26 financial statements, re-appointment of director Mrs. Visalakshi Periasamy, and ratification of cost auditor remuneration. For context, the company reported revenue of just ₹0.4976 crore and a net loss of ₹19.9677 crore in Q1 FY27 (June 2026).
- All 5 resolutions passed with requisite majority at the 39th AGM held on September 25, 2026
- Approved related party borrowing limits of up to ₹300.00 crore with Dharani Developers Private Limited (90.55% votes in favor)
- Approved related party borrowing limits of up to ₹25.00 crore with Executive Chairman Dr. Palani G Periasamy (90.55% votes in favor)
- Adoption of audited financial statements approved with 99.9993% votes in favor
Dharani Sugars and Chemicals Limited has dispatched letters containing the web-link for its FY 2025-26 Annual Report and 39th AGM Notice to shareholders who have not registered their email addresses. The 39th Annual General Meeting is scheduled to take place on Friday, September 25, 2026, at 11:00 AM IST via Video Conferencing. Notice and reports were sent electronically to members whose emails were registered as of August 28, 2026.
- 39th Annual General Meeting scheduled for September 25, 2026, at 11:00 AM IST
- Meeting to be conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM)
- Electronic distribution completed for shareholders registered as of August 28, 2026
- Physical weblink letters dispatched to unregistered folio holders urging KYC completion
Dharani Sugars & Chemicals Limited has issued its Annual Report for FY 2025-26 and scheduled its 39th AGM on September 25, 2026. Key shareholder resolutions include approving related party borrowing arrangements with Dharani Developers Private Limited up to Rs 300 crore. Financial statement notes disclose an unsustainable debt of INR 33,465 lakhs (Rs 334.65 crore) maintained as a contingent liability pending ongoing debt restructuring discussions with lenders.
- 39th AGM scheduled for September 25, 2026 via Video Conferencing with cut-off date on September 18, 2026
- Seeking member approval for related party transactions/borrowings up to Rs 300 crore with Dharani Developers Private Limited
- Notes reveal INR 33,465 Lakhs (Rs 334.65 crore) in unsustainable debt treated as contingent liability amid debt restructuring negotiations
- Company notes MCA charge records reflect aggregate secured borrowings of INR 3,368.06 Crores due to charge duplication upon debt assignment to NARCL
Dharani Sugars & Chemicals Limited has scheduled its 39th Annual General Meeting (AGM) for Friday, September 25, 2026, at 11:00 AM. The company has fixed Friday, September 18, 2026, as the cut-off date to determine shareholder eligibility for remote e-voting. The register of members and share transfer books will remain closed from September 19, 2026, to September 25, 2026. Remote e-voting opens on September 22, 2026 (9:00 AM) and concludes on September 24, 2026 (5:00 PM).
- 39th Annual General Meeting to be held on Friday, September 25, 2026, at 11:00 AM
- Cut-off date for e-voting entitlement set as Friday, September 18, 2026
- Share transfer books closed from September 19, 2026, to September 25, 2026
- Remote e-voting window active from September 22, 2026 (9:00 AM) to September 24, 2026 (5:00 PM)
Dharani Sugars & Chemicals reported a severe net loss of ₹79.97 Cr for Q1 FY27, compared to a loss of ₹20.58 Cr in the previous year, driven by a massive spike in finance costs to ₹70.54 Cr. The company's manufacturing operations remain non-operational, and it has breached the terms of its Master Restructuring Agreement (MRA) with NARCL/IDRCL, leading to the withdrawal of concessions on ₹334.65 Cr of unsustainable debt. Furthermore, a ₹61.11 Cr One-Time Settlement (OTS) with the Sugar Development Fund was cancelled due to repayment defaults. The company's net worth remains negative, and it faces ongoing liquidation proceedings.
- Net loss widened significantly to ₹7,996.77 lakhs in Q1 FY27 from ₹2,058.36 lakhs in Q1 FY26.
- Unsustainable debt of ₹33,465 lakhs became immediately payable following the breach of the Master Restructuring Agreement.
- Finance costs surged to ₹7,054.26 lakhs for the quarter, up from ₹959.57 lakhs YoY.
- Unpaid settlement obligations to sugarcane farmers (Ryots) totaled ₹36.08 Cr as of June 30, 2026.
- Trading in equity shares remains suspended since July 03, 2023, due to NCLT liquidation orders.
Dharani Sugars & Chemicals Limited has reported a default of ₹15.09 crores in principal repayment to the National Asset Reconstruction Company Ltd (NARCL) as of June 30, 2026. The company's total financial indebtedness stands at ₹338.35 crores, all of which is currently outstanding from banks and financial institutions. The defaulted loan is secured and carries an interest rate of 12.00%, while other debt includes Sugar Development Fund loans at 5.75%. This disclosure indicates severe liquidity constraints and potential credit risks for the entity.
- Principal repayment default of ₹15.09 crores to NARCL as of June 30, 2026
- Total financial indebtedness of the company reported at ₹338.35 crores
- Interest rate on the defaulted NARCL loan is 12.00% per annum
- Total outstanding borrowings from banks and financial institutions are ₹338.35 crores
- Interest rate on Sugar Development Fund loans stands at 5.75%
Dharani Sugars & Chemicals Limited has filed its Structured Digital Database (SDD) compliance certificate for the quarter ended June 30, 2026. The company confirmed that it identified and captured 1 instance of Unpublished Price Sensitive Information (UPSI) during the period. The certification, provided by M Damodaran & Associates LLP, indicates full compliance with SEBI (Prohibition of Insider Trading) Regulations. This is a standard procedural filing ensuring the company maintains a non-tamperable audit trail of sensitive information.
- 1 specific event of UPSI was required to be captured and was successfully recorded in the database
- The Structured Digital Database (SDD) is confirmed to be non-tamperable with an audit trail maintained
- The system is capable of maintaining records for a duration of 8 years as per regulatory requirements
- Zero non-compliances were reported by the practicing company secretary for the quarter ended June 30, 2026
Dharani Sugars & Chemicals Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by its Registrar and Share Transfer Agent (RTA), Cameo Corporate Services Limited, confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed and listed on the exchanges. This is a standard procedural filing required for all listed companies to ensure the integrity of electronic share records. There is no material impact on the company's financials or operations.
- Compliance certificate issued for the quarter ended June 30, 2026
- Confirmation certificate provided by RTA Cameo Corporate Services on July 03, 2026
- Verification that dematerialized securities are listed on the BSE and NSE
- Confirmation that physical certificates were mutilated and cancelled after dematerialization
Dharani Sugars & Chemicals Limited has filed its quarterly status report regarding physical share transfer requests re-lodged under the SEBI special window. For the period spanning April 2026 to June 2026, the company reported zero activity across all categories, including requests received, processed, and pending. This filing is a standard regulatory requirement to track the dematerialization of physical shares and has no impact on the company's financial or operational standing.
- 0 requests for physical share transfers were received during the April-June 2026 quarter
- 0 requests were processed, approved, or rejected during the reporting period
- 0 requests remained under process at the end of the period in June 2026
- Average time taken for processing requests was 0 days due to lack of activity
Dharani Sugars and Chemicals Limited has disclosed a significant default of ₹105.02 crore on bank loans and revolving facilities as of June 30, 2026. This default represents approximately 31% of the ₹338.36 crore outstanding in such facilities. The company's total financial indebtedness, including both short-term and long-term debt, has reached ₹350.18 crore. While unlisted debt securities of ₹21.82 crore are currently not in default, the overall liquidity position appears severely strained.
- Total default on bank loans and revolving facilities stands at ₹105.02 crore
- Total financial indebtedness of the company is reported at ₹350.18 crore
- Outstanding amount for loans and revolving facilities is ₹338.36 crore
- Unlisted debt securities (NCDs/NCRPS) outstanding total ₹21.82 crore with zero default
- Disclosure is made as per SEBI circular for defaults continuing beyond 30 days
Dharani Sugars & Chemicals Limited has announced the closure of its trading window for all Directors and Designated Persons starting July 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of the Unaudited Financial Results for the quarter ending June 30, 2026. The trading window will remain closed until 48 hours after the financial results are officially submitted to the stock exchanges. The date for the Board Meeting to approve these results will be communicated at a later date.
- Trading window closure effective from July 1, 2026.
- Closure pertains to the Unaudited Financial Results for the quarter ending June 30, 2026.
- Restriction applies to Directors, Designated Persons, and their immediate relatives.
- Window to reopen 48 hours after the results are declared to BSE and NSE.
- The specific Board Meeting date for result approval is yet to be announced.
Dharani Sugars & Chemicals has submitted its annual promoter shareholding disclosure for the financial year ending March 31, 2026. The promoter group maintains a 61.55% stake in the company, but a significant 53.98% of that holding (1.10 crore shares) is currently pledged. While the promoters confirmed that no new encumbrances were created during the fiscal year, the high level of existing pledges remains a point of caution for shareholders.
- Promoter and Promoter Group hold 2,04,36,006 shares, representing 61.55% of total paid-up capital
- Total pledged shares stand at 1,10,32,168, which is 53.98% of the promoter group's total holding
- Key entities including Dharani Credit & Finance and Dr. Palani G. Periasamy have 100% of their holdings pledged
- The company confirmed no new encumbrances were made during the financial year ended March 31, 2026
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