The Ravalgaon Sugar Farm Ltd — Board Meeting, 29-05-2025: Board Meeting

The Ravalgaon Sugar Farm Limited has announced a board meeting on which it approved the financial results for the quarter and half-year ended March 31, 2025, reporting a net loss of ₹201.78 lakh for the year, though the company’s net worth remains strong at ₹1509.09 crore. The company was inactive during the quarter due to the sale of its confectionery business’s intellectual property in FY24. Management confirmed the company’s ability to continue as a going concern given its asset base and future potential. Mrs. Sirisha Vinay Sampat has been appointed as an Additional Non-Executive Independent Director for five years, subject to shareholder approval. The board amended its Remuneration Policy to align with recent regulatory changes and updated the list of Key Managerial Personnel authorized to disclose material information. The company is contesting a gratuity-related legal ruling affecting former seasonal workers and has requested a waiver of penalties related to water usage charges from the Maharashtra government. No provisions were made for these contingencies based on management assessment.