Simbhaoli Sugars Limited — Board Meeting, 13-02-2025: Outcome of Board Meeting

The board meeting of Simbhaoli Sugars Limited approved the financial results for the quarter and nine months ended December 31, 2024. The company reported a revenue of ₹ 26,666.52 Cr for the quarter, resulting in a loss before tax of ₹ (261.39) Cr. Significant financial concerns remain, as the company has not made provisions for accumulating interest liabilities amounting to ₹ 1,669.13 Cr, impacting the accuracy of its financial position. This situation arises amid ongoing insolvency proceedings, already affecting operational and managerial controls under the Interim Resolution Professional.