Shree Hanuman Sugar & Industries Ltd — Results, 31-05-2025: Result

Shree Hanuman Sugar & Industries Limited, under Insolvency Resolution Process, has announced a board meeting to consider the financial results for the quarter and half-year. The company’s audit report carries multiple qualifications: non-compliance with TDS provisions up to Mar 2022, no depreciation charged on fixed assets since 2014, unprovided interest on borrowings and advances, and lack of compliance with accounting for employee benefits. The plant has been inoperative since FY2012-13, resulting in significant asset impairment concerns. Outstanding balances with parties remain unverified due to disputes. The company incurred a cash loss of ₹42.37 lakh this year. Financials are prepared on a non-going concern basis given the ongoing insolvency proceedings and operational halt, raising material uncertainty on business continuity and asset valuation.