Uttam Sugar Mills Ltd

Overview

• Standalone BRSR for FY2025-26; main activities: sugar production, co-generation, distillery.
• Turnover mix: sugar 73.92%, distillery 23.36%, co-generation 2.72%.
• Reporting boundary: standalone Uttam Sugar Mills Limited.

Key ESG Risks & Opportunities

• Cane supply risk from climate; mitigated by timely sourcing and farmer training.
• Ethanol growth opportunity from government policies; by-products used in production.
• Water risk; zero groundwater extraction at sugar units; rainwater harvesting.
• Energy & emissions efficiency; bagasse cogeneration; revenue from excess energy via PPA.
• Regulatory/compliance risk and CPCB/EPR considerations; robust governance.

Governance & Policy Highlights

• Policy on Business Responsibility formulated; standalone report; board-approved.
• Executive Director oversees ESG; no formal ESG committee yet.
• Code of Conduct and Whistleblower policy in place; no separate anti-bribery policy.
• EPR plan submitted to CPCB; 100% local cane sourcing referenced.

Social Responsibility & Workforce

• Total employees 504; 492 male, 12 female; workers 2,693 (2,390 male, 1 female).
• Differently abled: none among employees or workers.
• Board female representation: 1 of 6 directors (16.7%).
• Turnover: permanent staff 6.66%; workers 4.54%.
• Well-being spend: 0.14% of revenue.
• Safety: 3 worker injuries and 3 fatalities; no employee fatalities.
• CSR turnover: ₹21,10,25.82 Lakhs; net worth ₹86,412.69 Lakhs.
• Health/safety training coverage: employees 88.3%, workers 82.5%.
• Retirement benefits: PF and gratuity 100%; ESI not applicable.
• Employee welfare: Health & Support Wellness; counseling.

Environmental Performance

• Total energy consumption: 606,944 GJ; bagasse cogeneration for power.
• Renewable energy via bagasse; solar/LED upgrades; energy sale under PPA.
• Water consumption: 463,954 kiloliters; zero groundwater extraction; rainwater harvesting.
• Water discharge: 578,423 kiloliters after treatment.
• GHG emissions: Scope 1 21.50 tCO2e; Scope 2 not disclosed.
• Waste: total 803.40 tonnes; 364 t recycled; 438 t disposed; 1.39 t hazardous.
• ZLD implemented at all distilleries.
• EPR: plan submitted to CPCB; targets met.
• Inputs from local farmers: 100% locally sourced.
• Waste/by-products: bagasse, molasses, ash; CO2 used industrially.
• Zero-ground-water extraction emphasized.

Stakeholder Engagement & Complaints

• Stakeholders include farmers, investors, shareholders, customers, employees, communities, government.
• Grievance mechanisms exist with policy links on website.
• FY2025-26 complaints: none across stakeholder groups.
• Whistleblower policy with confidential reporting; audit committee oversight.
• Supply-chain: 100% cane from local farmers; 178 dealers; 91.92% sales to dealers.

Other Notable Metrics

• RPTs: purchases 2.19%, sales 0.64%; top 10 dealers account for 64.79% of dealer sales.
• Concentration of sales: 91.92% to dealers; 178 dealers; top 10 dealers share 64.79%.
• Green credits: none; no major green credits with top value-chain partners.
• Cybersecurity: no formal policy; firewall; no data breaches reported.
• Excess energy revenue: 1,005.65 lakh kWh sold FY25-26; 1,045.80 lakh kWh FY24-25.
• Product recalls: none; consumer safety mechanisms in place.
• Public policy: no advocacy; affiliated with three trade chambers.

Financial performance (consolidated)

• Consolidated revenue from operation: ₹220,164.98 Lakhs.
• Profit after tax: ₹10,028.54 Lakhs.
• EPS (basic and diluted): ₹26.30.

Segment mix

• Sugar segment revenue: ₹197,552.06 Lakhs.
• Cogeneration revenue: ₹11,415.52 Lakhs.
• Distillery revenue: ₹60,083.18 Lakhs.

Capital structure & liquidity

• Debt–equity ratio: 0.82x.
• Undrawn borrowing facilities: ₹30,567.78 Lakhs.

Dividend & corporate actions

• Final dividend: ₹2.50 per equity share; 25% payout.

Governance

• 31st AGM: MD and WD reappointed; Ravi Kumar reappointed Independent Director.

AGM Details

• Date/time: 18 September 2026, 12:00 Noon; via VC/OAVM.
• Mode: VC/OAVM; no physical attendance.
• Record date for final dividend eligibility: 11 September 2026.
• Remote e-voting window: 15–17 September 2026.
• Dividend payout date: 17 October 2026.

Key Resolutions

• Adoption of Audited Standalone Financial Statements.
• Adoption of Audited Consolidated Financial Statements.
• Final Dividend for FY2025-26: 25% (Rs 2.50 per share).
• Shankar Lal Sharma re-appointed as Director liable to retire by rotation.
• Shankar Lal Sharma re-appointed Whole Time Director with remuneration.
• Raj Kumar Adlakha re-appointed as Managing Director with remuneration.
• Ravi Kumar re-appointed as Non-Executive Independent Director for second term.
• Consent to mortgage/charge assets up to Rs 1,750 crore.
• Consent to borrowings beyond limits; total cap Rs 2,000 crore.
• Remuneration of Cost Auditor Rs 3,75,000 for FY 2026-27.

Voting Status

• Voting results to be declared within two working days.

Dividend

• Final dividend proposed: 25% (Rs 2.50 per share).
• Payout date: 17 October 2026 (subject to tax deductions).

Director Changes

• Shankar Lal Sharma re-appointed Whole Time Director for 2027–2029.
• Raj Kumar Adlakha re-appointed Managing Director for 2027–2030.
• Ravi Kumar re-appointed Independent Director for 2027–2032.

Auditor Appointments

• Remuneration of Cost Auditor Rs 3.75 Lakh for 2026-27.

Material Related Party Transactions

• No material related party transactions disclosed.

Other Material Approvals

• Mortgage/charge limit up to Rs 1,750 crore; total security cap Rs 2,000 crore.
• Borrowings limit up to Rs 2,000 crore.

AGM Details

• Date and time: 18 September 2026 at 12:00 hours.
• Mode: Video Conferencing / Other Audio Visual Means (VC/OAVM).
• Record date for dividend eligibility: 11 September 2026.

Resolutions Put to Vote

• Ordinary: Adoption of Audited Standalone Financial Statements.
• Ordinary: Adoption of Audited Consolidated Financial Statements.
• Ordinary: Declaration of Final Dividend for FY 25-26 at 25%.
• Ordinary: Re-appointment of Shankar Lal Sharma as Director by rotation.
• Special: Re-appointment of Shankar Lal Sharma as Whole Time Director with remuneration.
• Special: Re-appointment of Raj Kumar Adlakha as Managing Director with remuneration.
• Special: Re-appointment of Ravi Kumar as Independent Director for second term.
• Special: Mortgage/charge on assets up to 1,750 crore.
• Special: Borrowings authorization up to 2,000 crore total.
• Ordinary: Remuneration of Cost Auditor for FY 2026-27.

Dividend

• Dividend proposal: Final dividend of 25% (Rs 2.50 per Equity Share).

Director Changes

• Shankar Lal Sharma: Reappointed as Whole-Time Director for 2027–2029.
• Raj Kumar Adlakha: Reappointed as Managing Director for 2027–2030.
• Ravi Kumar: Reappointed as Independent Director for second five-year term (2027–2032).

Auditor Appointments

• Cost Auditor: M. K. Singhal & Co. remuneration for 2026-27: Rs 3.75 lakh plus taxes.
• Statutory Auditors: B. K. Kapur & Co. appointed for five years (to 2027).
• Secretarial Auditor: N. K. Rastogi & Associates appointed for five years.
• Internal Auditor: S. S. Kothari Mehta & Co. LLP.

Material Related Party Transactions

• RPTs with related parties disclosed; at-arm's-length; policy available on company website.

Dividend proposal and TDS framework

• Final dividend Rs 2.50 per share (25%) for FY2025-26 proposed; subject to AGM on Sep 18, 2026.
• Record date for entitlement: Sep 11, 2026.
• Dividend payout to eligible shareholders within 30 days of declaration if approved.
• TDS on dividend: resident PAN holders 10%; non-PAN 20%; exemptions apply.
• DTAA options available for non-residents; document submission required for lower withholding.
• Last date to submit tax documents: Sep 11, 2026.

Clarification on price movement

• Responds to BSE clarification on recent price movement.
• States it is not aware of any information or announcements affecting the scrip price.
• Affirms prompt disclosures of all price-sensitive information as required under regulations.
• Notes price movement appears market-driven and not controlled by the company.
• Company has not withheld any material information likely to impact price.