Shree Renuka Sugars Limited — Others, 11-02-2025: Change in Director(s)

Shree Renuka Sugars Limited has announced a board meeting to discuss its unaudited financial results for the quarter and nine months ended December 31, 2024. Standalone revenue rose by 2% to INR 78,395 Mn, but EBIT dropped by 10% to INR 4,306 Mn due to low sugar prices. Consolidated revenue increased by 3.8% to INR 82,883 Mn, with EBIT also down by 10%. The Board approved the reappointment of Mr. Siraj Hussain and Mr. Seetharaman Sridharan as Independent Directors for another five years, pending shareholder approval via postal ballot. Investors should monitor the ongoing financial challenges highlighted by current liabilities exceeding assets, signaling potential risks to stability.