Rajshree Sugars & Chemicals Limited — Important, 21-03-2025: One time settlement

Rajshree Sugars & Chemicals Limited has announced a board meeting on 22 May 2024, regarding a full and final settlement under the One Time Settlement (OTS) scheme with the Sugar Development Fund (SDF) of ₹58.56 crore. This payment addresses defaults on an ethanol loan of ₹32.45 crore and a co-generation loan of ₹21.10 crore. The settlement payment was confirmed received by the SDF, marking a significant step in resolving outstanding debt. This development may positively influence investor sentiment, as it alleviates financial strain and demonstrates management's commitment to stabilizing the company's financial position.