Simbhaoli Sugars Ltd

Meeting Details

• IRP-convened meeting scheduled for August 26, 2026; time and venue not disclosed.

Key Agenda Items

• Consider Consolidated Unaudited Financial Results for quarter ended 30 June 2026.
• Any other matter with approval of IRP.

Other Notes

• Trading window for securities dealings remains closed.
• Company under CIRP; IRP appointed; board powers suspended.

Status & invitation

• Simbhaoli Sugars Limited is under CIRP since 11 July 2024.
• CoC approved invitation of EOIs; Form G published for prospective resolution applicants.
• IRP is Anurag Goel; CIRP process ongoing.

Timeline & key dates

• EOI receipt deadline: 08/09/2026.
• Provisional list: 16/09/2026; objections by 21/09/2026.
• Final list: 30/09/2026; IM/RFRP to PRAs: 01/10/2026.
• Resolution plans due: 05/11/2026; Form G issued: 14/08/2026.

EMD & eligibility

• Refundable EMD: ₹2.0 crores; payment by DD/cheque/NEFT; refundable as per process terms.
• EMD refunded within 30 days on rejection/withdrawal or non-submission.
• Eligibility: Category A TNW ₹200 Cr; Category B TNW ₹500 Cr or AUM ₹1000 Cr.
• Consortium: lead member required; all members jointly liable; 29A compliance; confidentiality undertaking required.

Financial results

• Standalone Q1 2026 unaudited results approved by CFO and taken on record by IRP; consolidation delayed.
• Consolidated results not placed due to delayed subsidiary financials.

Governance changes

• Ms Gursimran Kaur Mann to continue as Non-Executive Director from 2 August 2026.
• Roop Rajinder Singh, Corporate HR Head, resigned effective 1 July 2026.
• Annexures A and B attach SEBI Regulation 30 disclosures on director change and HR resignation.
• Remuneration paid to MD and WTD during CIRP without lenders' consent; potential contravention.

Regulatory & CIRP status

• Company under CIRP since 11 July 2024; IRP manages assets; board powers suspended.
• CIRP resumed; first CoC meeting held 23 July 2026.
• Auditor issued adverse conclusion on standalone results due to CIRP.
• Results signed by IRP due to suspended board powers.

Regulatory actions impacting operations

• CPCB directives halted Simbhaoli Distillery and Simbhaoli Brijnathpur units; restoration allowed subject to conditions.

CIRP status and key developments

• CIRP ongoing; IRP Anurag Goel continues; Board suspended since 11 July 2024.
• Supreme Court order dated 07 Aug 2026 disposed of Civil Appeals.
• NCLAT judgments on promoter/farmer appeals dismissed; Supreme Court disposed these appeals.
• Promoter rights to pursue actions to be decided under law.
• Copy of Supreme Court order annexed; available on company website.
• CIRP initiation date 11 July 2024; board powers suspended.

Meeting Details

• IRP-convened board meeting scheduled for Wednesday, August 12, 2026.

Key Agenda Items

• Consider unaudited financial results for the quarter ended 30 June 2026.
• Any other matter with IRP approval.

Other Notes

• Trading window closed in compliance with SEBI PIT regulations.
• IRP appointed Mr. Anurag Goel; CIRP ongoing since July 11, 2024; board powers suspended.