ImportantCompany Update

The company's board approved standalone and consolidated financial results for the June quarter.

SBEC Sugar Ltd532102 · Filed with the exchange

Auditors issued a qualified opinion, noting the company did not provision for Rs. 7.76 Cr in interest on late cane dues for FY26, which would increase expenses and losses.

They also found closing stock was overstated by Rs. 10.63 Cr due to valuation methods, understating losses.

Additionally, the board re-appointed cost auditors, noted the Company Secretary's resignation, and approved the conversion of a subsidiary's debentures into equity shares, alongside the Annual General Meeting notice and Directors Report.

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