Headline: Outcome of Board Meeting: Simbhaoli Sugars Reports Financial Results Amid Insolvency Proceedings

Date: October 28, 2025

In a significant update, Simbhaoli Sugars Limited has announced the outcome of its Interim Resolution Professional (IRP) convened meeting held on October 28, 2025. The meeting focused on the unaudited standalone financial results for the quarter ending June 30, 2025, amidst ongoing insolvency proceedings.

The IRP noted that the company has not accounted for substantial interest expenses related to bank borrowings amounting to ₹8,360.27 Lakhs, resulting in an understated net loss and total comprehensive loss for the quarter. Furthermore, the financial results reflect a lack of provisions for penalties and other obligations that could impact the company's financial health, with claims currently under review by the National Company Law Tribunal (NCLT).

Despite the challenges, the company’s interim management is actively engaging with creditors and stakeholders in a bid for resolution. The NCLT has temporarily stayed further proceedings, allowing the IRP to continue managing operations while creditor discussions progress.

Simbhaoli Sugars is committed to transparency during this complex process, as evidenced by the submission of their financial results in compliance with SEBI regulations. However, the company acknowledges that the financial liabilities may change pending the NCLT's final decision regarding the Corporate Insolvency Resolution Process (CIRP).

For further updates and detailed financial insights, visit [Simbhaoli Sugars](http://www.simbhaolisugars.com).

This meeting underscores the critical situation facing Simbhaoli Sugars and serves as a reminder of the importance of diligent financial management in turbulent times. Stay tuned for more developments on this story as the company navigates its path forward.