EID Parry India Limited — Important, 31-03-2026: Closure of operations

EID Parry's subsidiary PSRIPL is closing its sugar refinery due to ₹1,406 Cr accumulated losses, driven by high costs and weak market premiums. EID Parry will infuse ₹610 Cr equity and ₹130 Cr as an unsecured loan to settle PSRIPL's liabilities, leading to a ₹655 Cr provision and ₹46 Cr impairment.