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06th November 2025
Listing Department
National Stock Exchange of India Limited
Exchange Plaza, Sandra Kurla Complex
Bandra (East), Mumbai - 400 051
NSE Symbol: RENUKA
31°\S
SHREE
RENUKA
SUGARS
Dept. of Corporate Service
BSE Limited
P. J. Towers, Dalal Street
Mumbai - 400 001
BSE Scrip Code: 532670
Sub: Outcome of the Board Meeting held on Thursday, 06th November 2025
Dear Sir/ Madam,
Pursuant to Regulations 30 and other applicable regulations of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we wish to inform you that the Board
of Directors of the Shree Renuka Sugars Limited ("the Company"), at its meeting held today i.e.
Thursday, 06th November 2025, inter-alia, have approved
a) the Unaudited Financial Results (Standalone & Consolidated) for the quarter and half year ended
30th September 2025 ("Financial Results").
Pursuant to Regulations 30, 33 & 52 of SEBI Listing Regulations, we are enclosing herewith the
Financial Results along with Limited Review Report thereon issued by SR BC & CO. LLP., Statutory
Auditors of the Company as Annexure I.
b) Investment by way of conversion of loan extended by the Company to KBK Chem-Engineering
Private limited (KBK), Wholly Owned Subsidiary, into equity, amounting to Rs. 573.65 Mn. as on
31st October 2025, into fully paid-up equity shares of KBK at Face Value of Rs. 100 each through
Rights Issue.
The details as per the SEBI
Listing Regulations read
with the SEBI
Master Circular
SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024 are given as Annexure II.
The meeting of the Board of Directors commenced at 2:30 p.m. and concluded at 5:30 p.m.
You are requested to kindly take the above information on record.
Thanking you,
Yours faithfully,
For Shree Renuka Sugars • •
c.:. >}!"')
(J)
. \S i
Company Secretary
* o'?>-.;
Shree Renuka Sugars Limited
Corporate Office: 7'h Floor• Oevchand House • Shiv Sagar Estate• Or. Annie Besant Road• worli Mumbai 400 018 • Maharashtra • India
P +91 22 2497 7744/4001 1400 F +91 22 4609 7041 E info@renukasugars.com
Registered Otfice : 2nd /3rd Floor • Kanakshree Arcade • CTS No. 10634 • JNMC Road • Nehru Nagar • Belagavi 590 01 O • Karnataka • India
P +91 831 2404000 F +91 831 2404961 e belgaum@renukasugars.comWwww.renukasugars.com • corporate Identification No.: L01542KA1995PLC019046
SHREE
RENUKA
SUGARS
Annexure II
Investment by way of conversion of loan extended by the Company to KBK Chem-Engineering
Private Limited. Wholly Owned Subsidiary. into equity, through Rights Issue
a. Name of the target entity, details in brief such as size, t urnover etc.:
Name of the target entity: KBK-Chem Engineering Private limited (KBK)
Turnover:
FY 24-25: Rs. 1,270.47 Mn.
FY 23-24: Rs. 2,448,99 Mn.
FY 22-23: Rs. 4,599.39 Mn.
b. Whether the acquisition would fall within related party transaction(s) and whether the
promoter/ promoter group/ group companies have any interest in the entity being acquired? If
yes, nature of interest and details thereof and whether the same is done at " arm's length":
KBK is wholly owned subsidiary of the Company. The proposed transaction of conversion of loans
extended by the Company to KBK into equity shares, through rights issue, does not fall within
related party transactions. The conversion is being done on an arm's length basis. There is no fresh
infusion of capital.
c.
Industry to which the entity being acquired belongs: Engineering
d. Objects and impact of acquisition (including but not limited to, disclosure of reasons for
acquisition of target entity, if its business is outside the main line of business of the listed entity):
There is no fresh infusion of capital. The proposed conversion of loans into equity by KBK is
intended to strengthen KB K's capital structure and reducing the indebtedness, to de-leverage and
improve its profitability.
e. Brief details of any governmental or regulatory approvals required for the acquisition:
Not applicable
f.
Indicative time period for completion of the acquisition:
Date of Commencement of Offer: 08th November 2025
Date of Closure of Offer: 14th November 2025
g. Consideration - whether cash consideration or share swap or any other form and details of the
same: Cash Consideration
h. Cost of acquisition and/or the price at which the shares are acquired:
Shree Renuka Sugars Limited
Corporate Office: 7th Floor• Oevchand House • Shiv Sagar Estate• Or. Annie Besant Road• Worli Mumbai 400 018 • Maharashtra• India
P +91 22 2497 7744/40011400 F +91 22 4609 7041 E info@renukasugars.com
Registered Office: 2nd/3rd Floor• Kanakshree Arcade• CTS No. 10634 • JNMC Road • Nehru Nagar • Belagavi 590 010 • Karnataka • India
P +91 831 2404000 F +91 831 2404961Ebelgaum@renukasugars.comWwww.renukasugars.com • Corporate Identification No.: L01542KA1995PLC019046
\S
SHREE
RENUKA
SUGARS
i.
Percentage of shareholding / control acquired: 100%
Number of shares acquired: 2,49,122 Equity Shares
The Company wishes to subscribe the entire issue subject to subscription by any other
shareholder.
j.
Brief background about the entity acquired in terms of products/line of business acquired, date
of incorporation, history of last 3 years turnover, country in which the acquired entity has
presence and any other significant information (in brief):
The loan extended by the Company to KBK, wholly owned subsidiary is being converted into
equity shares through rights issue and there is no infusion of capital.
KBK was incorporated on 8th October 1997 under the jurisdiction of Registrar of Companies, Pune,
Maharashtra and engaged in the business of providing consultancy and related services,
undertaking and execution of various Engineering projects. For last 3 years turnover, please refer
to point a above.
Shree Renuka Sugars Limited
Corporate Office : 7•h Floor• Devchand House • Shiv Sagar Estate • Dr. Annie Besant Road • Worli Mumbai 400 018 • Maharashtra• India
P +91 22 2497 7744/40011400 F +91 22 4609 7041 E inlo@renukasugars.com
Registered Office : 2nd /3rd Floor • Kanakshree Arcade • CTS No. 10634 • JNMC Road • Nehru Nagar • Belagavi 590 01 o • Karnataka • India
P +91 831 2404000 f •91 831 2404961 Ebelgaum@renukasugars.comwwww.renukasugars.com • Corporate Identification No.: L01542KA1995PLC019046
SR BC & CO LLP
Chartered Accountants
12th Floor, The Ruby
29 Senapati Bapat Marg
Dadar (West)
Mumbai - 400 028, India
Tel: +91 22 6819 8000
Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone
Financial Results of the Company Pursuant to Regulation 33 and 52 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015, as amended
Review Report to
The Board of Directors
Shree Renuka Sugars Limited
1.
We have reviewed the accompanying statement of unaudited standalone financial results of Shree
Renuka Sugars Limited (the "Company") for the quarter ended September 30, 2025 and year to date
from April 1, 2025 to September 30, 2025 (the "Statement") attached herewith, being submitted by
the Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
2.
The Company's Management is responsible for the preparation of the Statement in accordance with
the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34)
"Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended,
read with relevant rules issued thereunder and other accounting principles generally accepted in India
and in compliance with Regulation 33 and 52 of the Listing Regulations. The Statement has been
approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the
Statement based on our review.
3.
We conducted our review of the Statement in accordance with the Standard on Review Engagements
(SRE) 241 0, "Review of Interim Financial Information Performed by the Independent Auditor of the
Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan
and perform the review to obtain moderate assurance as to whether the Statement is free of material
misstatement. A review of interim financial information consists of making inquiries, primarily of
persons responsible for financial and accounting matters, and applying analytical and other review
procedures. A review is substantially less in scope than an audit conducted in accordance with
Standards on Auditing and consequently does not enable us to obtain assurance that we would become
aware of all significant matters that might be identified in an audit. Accordingly, we do not express an
audit opinion.
4.
Based on our review conducted as above, nothing has come to our attention that causes us to believe
that the accompanying Statement, prepared in accordance with the recognition and measurement
principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section
133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other
accounting principles generally accepted in India, has not disclosed the information required to be
disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or
that it contains any material misstatement.
For S R BC & CO LLP
Chartered Accountants
!CAI Firm registration number: 324982E/E300003
per Abhishek Agat=
Partner
Membership No.: 112773
UDIN: 25112773BMSBVE4762
Place: Mumbai
Date: November 6, 2025
SR BC & CO LLP. a Limited Liability Partnership with LLP tdentity No. AAB-4318
Regd. Office: 22, Camac Street. Block 'B', 3rd Floor Kolkata-700 016
JJt%
SHREE RENUKA SUGARS LIMITED
(A WILMAR GROUP COMPANY)
CIN: L01542KA1995PLC019046
St-lJ./ (
l~E NU l<A
S UG ARS
Reg Of: Kanaka shree Arcade, NMC Road, Nehru Nagar, Bclag.ivi, Karnataka - 590010.
lnves1ors rela ions contact : einward.ris@karvy.com
We_bs1tc: www.rcnu asugar .co ,; Phone: •·91-831-2404000, Fax: +91-831-2404961
PART I
Statement of standalone unaudited financial results for the quarter and half yea r ended September 30, 2025
Year to date
3 months ended 3 months ended 3 months ended
figures for the
current period
Sr.
ended
Particulars
September 30,
June 30,
September 30,
September 30,
No.
2025
2025
2024
2025
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
Ince e
1
Revenue iror Operat,ons
A) '{evenue
3,881
19,008
22,405
42,889
B) Otner Operating Income
1) Net (Loss)/Gau from con modity derivative
(662)
12
1,971
(650)
11) Oihers
14
12
21
26
23,233
19,032
24,397
42,265
2
Ot ·,cr 1ncorne
432
142
178
574
3
Tmal 11,come
23,665
19,174
24,575
42,839
expenses
Cost of rrateria ls con~ n1ed
11,765
14,881
15,431
26,646
Pu rchase of stock ,n trade
684
510
1,194
Cnar gcs ,,, inve.,:ories c • :n,shed cods, work-in-progres a d
,031
1,908
4,1 15
10,939
I s:oc< in trace
f:P1 loyce be'lef1t e,peose~
41 0
.:22
3911
832
F1narce costs
1,634
1,721
1,878
3,355
Ceprec1atto11 ano aP1ort1sat1on expense
688
680
656
1,3GB
Fore1g11 exc'1a11gc 10,, {net)
807
94
86
901
Otrer expenses
2,141
1,886
1,981
4,027
4
ITotJ expenses
27,160
22,102
24,541
49,262
5
(Loss)/Pro!1t before tax
(3,495)
(2,928)
34
(6,423 )
b
Tax credit
Curre
ax
.
Defe·red iax
{307)
(777)
(169)
(1,084)
7
Net (Lo~s)/ProFit for i he period
(3,188)
(2,151)
203
(5,339)
8
Other co1nprehcnsive income (OCI)
ll / Other co prehens ve income not to be reclassified o profit or
los ir ubsequent periods:
Reversal of revaluatio1 re serve on d1S;posal / impairmer1t of
(3)
(3)
cr::rneriv. plan: ano cuu1;;men1
·1cor1P tai,; relating to above
1
1
<1e1·1easurement lo ; on cef, ea oenefit olan
-
1cor1e tax re/at 1 I at)uve
\Je: loss 0,1 FVTOCI eqJlt. 111stn, 1ent
.
ll) Other ccmp rehe sive income t
l viii be reclassi ied o pro It
er oss n l l sequ 1: pe·1ods.
ct movement n etfect1ve port1cr f cJs~ flow hedges
940
54
117
99.1
Net movement n cost of hedging reserve
(108)
(179)
(52)
(287)
9
,Tota co·nprehens ve (loss)/income afte· tax
(2,358)
(2,276)
268
(4,634)
10
0 a1d-uo equity ;hdre capital (• ace va ue ot Re.1/- each)
2,1 28
2,128
2,128
2,-28
11
R.es rves excltJdmg reva
a11on reserve as per oalance sheet of
prev ious account1-,g yei.lr "'
12
:arn,ngs per share (of Re 1/ each) (nm annualised):
a)
tlaSIC(i'Jll)
l l, 501
11.0ll
0.10
(2.51}
b)
Diluted (INR)
(1.50)
(1 .01 )
0.10
(2.51)
13
Paio up debt ca p ta I/outstanding debts
... Amoum o revalu at ion re ervc, as at
arch 31, 2025 IS IN 8,392 rnillio .
SIGNED fO H i K
1TI !CATION
~
BY
s R 8 C & co LLP
MUMBAI
(in INR Million)
Vear to date
figures for the
Previous year
previous period
ended
ended
September 30,
March 31,
2024
2025
(Unaudited I
(Audited)
51,094
99,553
2,169
3,127
47
114
53,310
102,7'14
442
1,440
53,752
104,24C
30,791
77.1 ~8
618
618
13,511
6,4S3
877
1,853
3,778
7,22~
1,304
2,628
93
385
4, 232
lC,95 2
55,204
107,27b
(1,452 )
(3,036)
(303 )
(t./8)
(1,149)
(2,5S8)
(16)
(12)
5
7
/J
(~)
GO
117
6 13
(133)
(358i
(1,176)
(2,25~)
2,128
2, 128
( .4.425)
ln,541
1:.201
(0.54)
(1.20)
4~.702
~
~~:0
'-t,i',
~ " .
"/ ·;:-
- ,
s-.., o3/
.s.%
S 1 ♦~ 1:: 1:
1-tk N UK.A.
S U GA llS
SHREE RENUKA SUGARS LIMITED
(A WILMAll GROUP COMPANY)
CIN: L01542KA1995PLC019046
Reg Off: Kanakashree Arcade, JNMC Road, Nehru Nagar, Belagavi, Karnataka - 590010.
Investors relations contact: einward .ris@karvy.com
Website: www.renukasugars.com; Phone: +91-831-2404000, Fax: +91-831-2404961
Unaudited standalone segment wise revenue, results, assets and liabilities for the quarter and half year ended September 30, 2025
Sr.
3 months ended
No.
Particulars
September 30,
2025
(Unaudited)
1
Segment revenue
(a) Sug.Jr - milling
2,996
{b) Sugar - refi nery
16,672
(c) Dist illery
2,858
(d) Co-generation
82
(e) Trading
821
(f) Ot er
26
Total
23,455
Less :Inter segment revenue
(222)
Revenue from operations
23,233
2
Segment results
Profit /(loss) before tall, fi nance cost, other
unallocable income and foreign eKchange loss (net)
(a) Sugar - 1illing
(b) Sugar • refinery
(cl Di~tillery
(d) Co-generation
(e) Trading
(f) Ot her
Total
Less: i) Finance costs
ii) Other u allocable expenses
iii) Foreign exchange loss (net)
Ada: Othe r unallocable income
Total Profit/(Loss} before tax
Segment wise assets and liabilities
3
Segment assets
(a) Sugar • milling
(b) Sugar - refinery
(c) Distillery
(d) Co-generation
(c) Trading
(f) Other
(gJ Unallocated
Tota l segment assets
4
Segment liabilities
(a) Sugar - milling
{b) Sugar - re inery
{c) Distillery
(d) Co-generation
(e) rading
( ) Ot er
(g) Jnallocated
Total segment liabilities
(68 7)
(356)
14
(291)
50
7
(1,263)
1,634
223
807
{3,927)
432
(3,495)
15,372
22,365
10,29
8,720
290
8,997
66,036
1,302
21,931
217
173
9
51,666
75,298
SIGNED FOR I
BY
SR
3 months
ended
3 months ended
June 30,
September 30,
2025
2024
(Unaudited)
(Unaudited)
3,698
4,426
13,670
18,454
1,442
1,475
166
111
589
2
47
28
19,612
24,496
(580)
(99)
19,032
24,397
(599)
(607)
(149)
3,008
(91)
(113)
(202)
(285)
48
5
18
16
(975)
2,024
1,721
1,878
280
204
94
86
(3,070)
(144)
142
178
(2,928)
34
16,931
17,937
25,258
27,217
12,548
11,236
8,8 29
9,033
41
3
297
299
8,595
9,020
72,499
74,745
1,393
2,465
24,797
26,912
278
358
212
247
-
2
11
10
51,908
47,314
78,599
77,308
TIFICATION.
(in INR Million)
Year to date
Year to date
figures for the figures for the Previous year
current period
previous
ended
ended
period ended
September 30, September 30,
March 31,
2025
2024
2025
(Unaudited)
(Unaudited)
(Audited)
6,694
9,806
2~.771
30,342
40,180
74,912
4,300
2,788
10,094
248
273
3,380
1,410
723
735
73
96
219
43,067
53,866
115,111
(802)
(556)
{12,317)
42,265
53,310
102,794
(1,286)
(978)
{1 68)
(SOS}
4,151
4,076
(77)
(259)
34'1
(493)
(490)
14
98
61
68
25
56
133
(2,238}
2,541
4,467
3,355
3,778
7,229
503
564
1,335
901
93
385
(6,997)
(1,894)
(4,482)
574
442
1,446
(6,423)
(1,452)
(3,036)
15,372
17,937
20,!>16
22,365
27,21 7
33,608
10,292
11,236
13,875
8,720
9,033
9,097
3
1
290
299
300
8,997
9,020
9,205
66,036
74,745
86,602
1,302
2,465
2,88
21,931
26,912
36,632
217
358
437
173
247
262
2
-
9
10
11
51,666
47,314
50,283
75,298
77,308
90,507
-,.'(s
SHl?E(
l<E NUJ<A
SUGAR
SHREE RENUKA SUGARS LIMITED
(A WILMAR GROUP COMPANY)
CIN : l01542KA1995PLC019046
Reg Off Kanakashree Arcade, J MC Road, ehru
agar, Belagavi, Karnataka - 590010.
Investors relations con act: einwa rd.ri s@karvy.com
Website : www.renukasugars.com; Phone: +91-831-2404000, Fax: +91-831-2404961
Statement of standalone assets and liabilities
ASSETS
1
Non-current assets
Property, plant and equipment (including right of use assets)
Capital work-in-progress
Other intangible assets
Financial assets
Invest ents
I r.:ide receivables
Loans
Othe non-curre t iinancial assets
Non-current tax assets
Other non current assets
Total non-current assets
2
Current assets
lnve tories
Financial assets
Tra de receivables
Casri and cash equivalents
Other bank balances
Other current financial assets
Other current assets
Total current assets
Total assets
EQUITY AND LIABILITIES
Equity
Equity share capital
Other equity
Total equity
Li abilities
1
Non-current liabilities
Financial liabilities
Borrowings
Lease liabilities
Net e ployee benefit liabilities
Government grants
Deferr ed tax liabilities (Net)
Total non-current liabilities
2
Current liabilities
rinancial liabilities
130 rowings
Le ase liabilities
Trade payable;
otal outsta ndi 1° dues of micro and small enterprises
Total outstandi 1g dues of creditors other than micro a, d small enterprises
Other curr er
financial liabil1tie;
et employee bene I liabilities
Government grants
Other current liabilities
Total current liabilities
Total liabilities
Total equity and liabilities
:~GNED FOR 1\
TIFICATION
I
~ R
R r. & co LLF
As at
September 30,
2025
(Unaudited)
39,768
332
2
4,3 76
33
1,445
118
135
569
46,778
13,491
2,418
169
148
1,110
1,922
19,258
66,036
2,128
(11,390)
(9,262)
31,414
216
318
20
1,405
33,373
16,672
12
41
21,9 35
1,801
200
80
1,184
41,925
75,298
66,036
(in INR Million)
As at
March 31,
2025
(Audited)
40,846
122
2
4,401
33
1,627
211
119
572
47,933
32,425
3,937
466
144
559
1,138
38,669
86,602
2,128
(6,033)
(3,905)
31,063
212
302
47
2,490
34,114
13,639
11
51
38,920
2,338
207
125
1,102
56,393
90,507
86,602
/4
~%
SHREE
taNUKA
SUGARS
SH REE RENUKA SUGARS LIMITED
(A WILMAR GROUP COMPANY)
CIN:L01542KA1995PLC019046
Reg Off: Kanakashree Arcade, JNMC Road, Nehru Nagar, Belagavi, Karnataka - 590010.
Investors relations contact: einward.ris@karvy.com
Website: www.renukasugars.com; Phone: +91-831-2404000, Fax: +91-831-2404961
Statement of standalone unaudited cash flows
(in INR Million)
For the half
For the half
year ended
year ended
September
September
30,2025
30,2024
(Unaudited)
(Unaudited)
Operating activities
Loss before tax
(6,423)
(1,452)
Adjustments to reconcile loss before tax to net cash flows:
Depreciation of property, plant and equipment
1,368
1,304
Amortisation of intangible assets
O*
O*
Excess provision of earlier year written back
-
O*
Unrea lised (gain)/loss on derivatives
(375)
334
Government assistance
(73)
(73)
Finance costs
3,355
3,778
Finance income
(119)
(154)
Loss on disposal of property, plant and equipment
3
O*
Unrealised loss on foreign exchange
529
7
lrnpairmen / write off of property, plant and equipment
-
19
Impairment of fi ancial and no -fi ancial assets
8
8
Working capital adjustments:
Moveme t in employee benefit expenses
(54)
35
Decrease in trade receivables
1,518
2,977
Increase in other receivables and prepayments
(116)
(410)
Decrease in inventories
18,832
21,288
Decrease in trade and other payables
(17,872)
(21,871)
581
5,790
Income tax (paid)/received (net)
{15)
21
Net cash flows from operating activities
566
5,811
Investing activities:
Purcha se of property, plant and equipment
(443)
(705)
Proceeds from sale of property, plant and equipment
o•
-
Loans given to subsidiaries
(32)
(145)
Repayment o • loan by subsidiaries
239
504
Amount of ixed deposits matured ( et)
22
33
Interest received
83
71
Net cash flows used in investing activities
(131)
(242)
Financing activities:
Proceeds/(Repayment) of short term borrowings (net)
3,301
(660)
Repayment of long-term borrowings ~ •
(1,030)
(26, 215)
Proceeds from long :erm borrowings • •
-
25,185
Payment of lease liability
(6)
(8)
Finance cost and processing charges paid
(2,997)
(3,651)
Net cash flows used in financing activities
(732)
(5,349)
Net (decrease)/increase in cash and cash equivalents
(297)
220
Opening cash and cash equivalents
466
295
Closing cash and cash equivalents
169
~is
The cas 1 flows atement is prepared using the indirect met hod set out in,.1.ND..Jl5.1..: .. ~
.. ent of cash.flow•\
• A aunts less than INR 1 million a e disclosed as positive zero
SIGNED FOR IOENTIFICAl
Nr
,. Repayment of long ten, borrowings in previous period includes an arr ki8M of INR 25,185 million related t
external commercial borrowings (ECB) availed from holding company, W lmar Sugar and Energy Pte Ltd. wh ic
was repaid in previous period. The ECB repaid during the previous perioc was refinanced through a new ECB
secured from financial institution of INR 25 185 miilion which is disclosec und~t "l'"~Ceects_::fr .,
- t r
~@® Etr..rtl. P
MUMBAI
borrowings"
I,
'
SH REE RENUKA SUGARS UMfTED
(A WILMAR GROUP COMPANY)
CIN: L01542KA1995PLC019046
Reg off· Kanakas rec Arcaoe JIIIMC Road, Ne ru Nagar, Belagav,, Karnataka - 590010.
I veslors rclauon contact emward.ns@karvy.com
\i\leos1te: W\'/\',".renuka!. g.H~ co, : P one 1-91-831-2404000. Fax +91·831•2404961
Additional information pursuant to regulation 52(4) and regulation 54{2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, as
amended for the quarter and half year ended Seprember 30, 2025
Year to date
Year to date
3 months ended 3 mont hs ended
3 months ended
figures for the
figures for the
current period
previous period
ended
ended
Sr.
No.
Particulars
September 30,
June 30,
September 30,
September 30,
September 30,
2025
2025
2024
2025
2024
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
1
Operating M,1 gm l'~~)
-6.91¾
-3.52%
9.80%
-5.38%
5.98%
Opera ting profit I Revenue from operations
2
Net profi t Margin (¾)
-13.72%
· ll.J0%
0.83%
-12.63%
-2.16%
Net prof1t/ {loss) / Revence from operations
3
Inte rest service coverage ra ilo (ISCR) {m times)
(2.32)
(l 52)
2.07
(l.92)
1.1 6
( BIT /(I nterest hoe seon long ter 1 and sllort term borrowrngs or t e
quarter / year)
• Debt service covcra c ratio fOSCR ) (In l1ries}
(0 92)
(0.4~}
l 78
(0 68)
1.20
FBI l LJ A / (•nterest Exoen e on Ion& tcrffl ano short te··m borrow ngs fa toe
auan cri'vcar, Sc' edu e ormc,pal re0avow t of long ter
borrowings during
the quar ter/year)
',
'Bad debts to Acee .. t ,e e vable ratio I.not ann al1sed tor the qudrter)
P1ov1s1on for dou~tfui ae nts and Bad Det..ts th,u ed to statement of Profit &
Loss/ Average rra r.e rece,vable (Refer Note below)
6
Cebto fs tuino"'er (m t1me-s} (not ann ahs ed for the quan e,)
8.24
3
9.74
13.16
U :i4
l~cvenue ff om op~ra t1ons / Average trade receivable
7
Inventory turnover (1n times) (no: ann alised for the quarter)
1.26
0.65
0.90
1.69
1.44
Cost or goods sold/ Average inventory
8
Debt eq 1ty ratio
(5.19)
(7.71)
(16.801
(5.19)
116.80)
Debt l Current ano non cur, cnt pon 10 of lone; term borrowings + Short term
t.Jorrow1ngs)/ Net \01crt11
9
Current rnt 10 {m times)
0.46
0.55
0.62
0.46
0.62
Current assets/ Current liabilities
10
Ccrrent hab11lty ratio (in times)
0.56
0.58
055
0.56
0.55
Cl.rrent llab11ities / Total liabilities
11
fota l debts to 1otal assets (in times)
0.73
0.65
0.58
0.73
0.58
Debt Cun ent and on curre t port 10 of long term borrowings• Short term
bcrrow1ogs)/ Total Assets
12
Long term debt to working capital fm tlmC!s)
(1.46)
(J 60)
(2 08)
(146)
(2.08)
tCurrerH and on c rrent part,on of lorg ter 1 borruwmgs)/ {Current assets·
Curre nt ltab·ltt ,es)
13
Net 1,.•;orth (INR 1n v11 11,on)
(9,262)
(6.l00J
(2,563)
(9,262)
(2,563)
M
Dcoenll,n: red eM:1t10'l reserve
625
675
625
6h
62~
Definitions;
a
Ope,at1og profit - Profit / (Loss) Before r ax- Depreciat1cn ano Amortit at1on ex::,cnses -tFmancc costs Other I come
o
EBIT = Profit / (Loss) Be ore Tax - Fina ce Cm t • In er ei t I com e
(OITO/\ = Profi • / (Loss) Before ax+ Finance Cos - Depreciation and A orti sal1on expenses
In Cfest Income
d
Ave ,.ilge Tr~d~ .Ret:e VG1 ble = (Opering ·rra ae Rec:e1v.tble • Closing rade Rece1Vc1 bla) / 2
c
Average Inventory - (Ope 1ng ln\.'entory., Clu 1ng I ventorv} / 2
Cost of goods sole= Co t o1
ater1als consu med • Purchil se of stock-, -tr.1dc - Ch;rnges i mventone~ o finisht?d goods1 work-in- p1ogr ess an d stoc -in-tra de
SIGNED FOR ID
BY
SR BC & CO LLP
MUMBAI
Previous year
ended
March 31,
2025
(Audited)
s 23,.
-2 49¾
1 09
116
21 83
2.27
(ll.45 j
0 69
0.b2
0 s,
(l.86)
(3,905)
675
Notes to standalone unaudited financial results for the quarter and half year ended September 30,
2025:
l. Shree Renuka Sugars Limited ('SRSL' or 'the Company') is one of the largest sugar, green energy
(ethanol and renewable power) producers and sugar refiners in India. As a leading agribusiness
and bioenergy Company, it is present across the value chain with strategic network of
infrastructure.
SRSL is a subsidiary of Wilmar Sugar and Energy Pte Ltd., Singapore, part of Wilmar Group (Asia's
leading agribusiness group).
2. The above unaudited standalone results have been reviewed by the Audit Committee in their
meeting held on November 5, 2025, and approved by the Board of Directors in their meeting held
on November 6, 2025.
3.
As at September 30, 2025 the current liabilities of the Company exceed its current assets by INR
22,667 million. Further, the loss before tax for the quarter ended September 30, 2025, is INR
3,495 million and INR 6,423 million for the half year ended September 30, 2025. The Company
has negative net worth of INR 9,262 million as at September 30, 2025.
All term loans, External Commercial Borrowings (ECB) and working capital loans (except for
working capital loans of INR 5,899 million) availed by the Company from banks and non-
co nvertible debentures, which are outstanding as on September 30, 2025, are secured by
corporate guarantee provided by the ultimate Holding Company (Wilmar International Limited).
Working capital loan of INR 5,899 million is secured by charge against current assets of the
Company and letter of comfort issued by ultimate Holding Company (Wilmar International
Limited) for availing these working capital loans. The Board of Directors of Wilmar Sugar and
Energy Pte Ltd ., the Holding Company, has also provided a letter of support to the Company, to
meet the shortfall in its normal trade related working capital requirements. Accordingly, the
Company management believes that it will be able to meet all its financial obligations on a timely
basis. Hence, the Company has prepared the financial results on a going concern basis.
4. The asset cover available in case of non-convertible debentures (NCDs) is 1.66 and are secured
by exclusive charge on the movable and immovable assets of Panchaganga and Haldia plants. The
Company has maintained the required asset cover, sufficient to discharge the principal amount
of the NCDs in terms of Regulation 54 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
5.
Some of t he business segments are of a seasonal nature and accordingly impact the results in the
respective quarters.
6.
The Indian Parliament has approved the Code on Social Security, 2020. The Ministry of Labour
and Employment has released draft rules for the Code on Social Security, 2020 on November 13,
2020. The effective date from which the changes are applicable is yet to be notified. The Company
is in the process of assessing the impact of these changes. The impact, if any, will be accounted
Bs!f' •i~' • •. ::·:~iR.: -:: .. :: ·-"::-.: -:·Ts·i:1-1
~
!" ~/'
~
l
,......_
SR 8 C & CO LLP
MUMBAI
I '
in the period in which the said Code and the rules framed thereunder are notified and are
effective.
7.
Previous period figures have been regrouped/reclassified, as considered necessary, to confirm
with current period presentation, wherever applicable.
Place: Mumbai
Date: November 6, 2025
SR BC & CO LLP
MUMBAI
F~Llmited
Atul Chaturvedi
Executive Chairman
~
N:00175355
SR BC & CO LLP
12th Floor, The Ruby
29 Senapati Bapat Marg
Dadar (West)
Chartered Accountants
Mumbai - 400 028, India
Tel : +91 22 6819 8000
Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated
Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended
Review Report to
The Board of Directors
Shree Renuka Sugars Limited
1.
We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Shree
Renuka Sugars Limited (the "Holding Company") and its subsidiaries (the Holding Company and its
subsidiaries together referred to as "the Group") for the quarter ended September 30, 2025 and year
to date from April 1, 2025 to September 30, 2025 (the "Statement") attached herewith, being
submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
2.
The Holding Company's Management is responsible for the preparation of the Statement in
accordance with the recognition and measurement principles laid down in Indian Accounting Standard
34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act,
2013 as amended, read with relevant rules issued thereunder and other accounting principles
generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The
Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to
express a conclusion on the Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review Engagements
(SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the
Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan
and perform the review to obtain moderate assurance as to whether the Statement is free of material
misstatement. A review of interim financial information consists of making inquiries, primarily of
persons responsible for financial and accounting matters, and applying analytical and other review
procedures. A review is substantially less in scope than an audit conducted in accordance with
Standards on Auditing and consequently does not enable us to obtain assurance that we would become
aware of all significant matters that might be identified in an audit. Accordingly, we do not express an
audit opinion.
We also performed procedures in accordance with the Master Circular issued by the Securities and
Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.
4. The Statement includes the results of the entities mentioned in Annexure I.
5.
Based on our review conducted and procedures performed as stated in paragraph 3 above and based
on the consideration of the review reports of other auditors referred to in paragraph 6 and 7 below,
nothing has come to our attention that causes us to believe that the accompanying Statement,
prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian
Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as
amended, read with relevant rules issued thereunder and other accounting principles generally
accepted in India, has not disclosed the information required to be disclosed in terms of the Listing
Regulations, including the manner in which it is to be disclosed, or that it contains any material
misstatement.
6. The accompanying Statement includes the unaudited interim financial results and other financial
information, in respect of four subsidiaries, whose unaudited interim financial results include total
assets of Rs. 6,037 million as at September 30, 2025, total revenues of Rs. 1,385 million and Rs.
2,604 million, total net loss after tax of Rs. 461 million, and Rs. 937 million, total comprehensive loss
of Rs. 461 million and Rs. 937 million, for the quarter ended September 30, 2025 and the period
ended on that date respectively, and net cash inflows of Rs. 118 million for the period from April 1,
2025 to September 30, 2025, as considered in the Statement which have been reviewed by their
respective independent auditors.
SR BC & CO LLP, a Limited Liability Partnership with LLP Identity No. AAB-4318
Regd. Office: 22, Camac Street, Block 'B', 3rd Floor Kotkata-700 016
SR BC& COLLP
Chartered Accountants
Shree Renuka Sugars Limited
Limited review report for the quarter and half year ended September 30, 2025
Page 2 of 3
The independent auditor's reports on interim financial results of these entities have been furnished to
us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and
disclosures in respect of these subsidiaries is based solely on the report of such auditors and
procedures performed by us as stated in paragraph 3 above.
7. One of these subsidiaries is located outside India whose financial results and other financial
information have been prepared in accordance with accounting principles generally accepted in their
respective country and which have been audited by other auditor under generally accepted auditing
standards applicable in their respective country. The Holding Company's management has converted
the financial results of such subsidiary located outside India from accounting principles generally
accepted in their respective country to accounting principles generally accepted in India. We have
reviewed these conversion adjustments made by the Holding Company's management. Our conclusion
in so far as it relates to the balances and affairs of such subsidiary located outside India is based on
the report of other auditor and the conversion adjustments prepared by the management of the
Holding Company and reviewed by us.
8.
The accompanying Statement includes unaudited interim financial results and other unaudited
financial information in respect of:
•
one subsidiary, whose interim financial results and other financial information reflect total assets
of Rs. 0.06 million as at September 30, 2025, and total revenues of Rs Nil and Rs. Nil, total net
profit after tax of Rs. Nil and Rs. Nil and total comprehensive income of Rs. Nil and Rs. Nil, for the
quarter ended September 30, 2025 and half year ended on that date respectively and net cash
inflow of Rs. Nil for the period from April 01, 2025 to September 30, 2025.
The unaudited interim financial results and other unaudited financial information of the above
subsidiary have not been reviewed by any auditors and have been approved and furnished to us by the
Management and our conclusion on the Statement, in so far as it relates to the affairs of the subsidiary,
is based solely on such unaudited interim financial results and other unaudited financial information.
According to the information and explanations given to us by the Management, these interim financial
results are not material to the Group.
Our conclusion on the Statement in respect of matters stated in para 6, 7 and 8 above is not modified with
respect to our reliance on the work done and the reports of the other auditors and the financial results
certified by the Management.
For S R 8 C & CO LLP
Chartered Accountants
ICAI Firm registration number: 324982E/E300003
per Abhishek A arwal
Partner
Membership No.: 112773
UDIN: 25112773BMSBVG9181
Place: Mumbai
Date: November 06, 2025
SR BC& COLLP
Chartered Accountants
Shree Renuka Sugars Limited
Limited review report for the quarter and half year ended September 30, 2025
Page 3 of 3
Annexure I - List of entities included in the consolidated financial results
Sr. No.
Particulars
Subsidiaries
1.
Gokak Sugars Limited, India
2.
KBK Chem-Engineering Private Limited, India
3.
Renuka Commodities DMCC, United Arab Emirates
4.
Shree Renuka East Africa Agriventures PLC, Ethiopia
5.
Anamika Sugar Mills Private Limited, India
Note:
a. Shree Renuka Agri Ventures Limited, Shree Renuka Tunaport Private Limited and Monica Trading Private
Limited were merged with the Holding Company with effect from December 6, 2024
b. Shree Renuka Global Ventures Limited was an ssociate upto November 22, 2024
8"\S
SHREE RENUKA SUGARS LIMITED
(A WILMAR GROUP COMPANY)
CIN:L01542KA1995PLC019046
SMREE
RE NUKA
SUGARS
Reg Off. Kana as ree Arcade. JNMC Road, ehru agar. Belagavi-590010, Karnataka.
Investors relations contact: einward.ris@karvy.com
Website.www .renukasugars.com; Phone: .,.91-831-2404000, Fax: +91-831-2404961
PARTI
Statement of consolidated unaudited financial results for the quarter and half year ended September 30, 2025
3 months ended 3 months ended 3 months ended
Year to date
figures for the
curre nt period
Sr.
ended
No.
Particulars
September 30,
June 30, 2025
September 30,
September 30,
2025
2024
2025
(Unaudited)
(Unaudited)
( Unaudited)
(Unaudited}
Income
Revenue from Operations
1
A) Heven ~
24,865
20,075
23,675
44,940
I\) Oll·e r Ope rating .ncome
j GJ•n/ (loss) froro commodity de iva ve (net)
(662)
12
1,971
(650)
1) Otl1ers
25
15
16
40
24,228
20,1:>2
25,662
44,330
2
Ol he r income
375
99
120
474
.J
Total income
24,603
20,201
25,782
44,804
Expenses
Cost of materials con, med
11,818
14,953
15,520
26,771
Purchase of stock-i -t·ade
684
510
1,194
Chasges ,n ,nve tones of f,nishcd goods, work-i -progress and stock-
2,826
5,044
12,699
ir. tri!dc
9,873
[ mployee be efit expe ses
488
502
465
990
Fin a nee co.s !
1,836
1,929
2,107
3,765
Deprec,a.ron and Jmort,sa ,on expe se
730
723
699
1,453
Fore,gn exchange loss { et)
809
92
86
901
Otner expenses
2,378
2,080
2,273
4,r.ss
4
..... otJI expenses
28,616
23,615
26,194
52,231
5
Loss befo-e tJx
(4,013}
{3,414)
(41 2)
(7,427 )
5
Tax credit
CJrrent :ax
5
1
5
Inc me tax relating to earlier years
2
Deferreo tax (credit)
(325)
(778)
(184}
(1,103)
7 I Loss for t~e period/ year
(3,693)
12,636}
1231)
(6,329)
8
Loss for the per od/yea ' attrib taole to
1. _q,uty holders of the parent
(3,686)
(2,630)
(223)
(6,316}
1 Nor\ - controlling interest
(7)
(6)
(8)
(13)
9
Other com prehensive rocome (OCI)
A) Ot er comorehens1ve income not IO be reclassified to profit or
loss:
Reve, sal of revaluation reserve on disposal / impairment of
(3)
(1 )
(3)
;,roperty, plant and cquipr ent
income tax e fee
1
.
1
Remeasurement gain on def ned benefit pla
.
lnco 1e J< relatir'B to above
NPt gain on FV OCI eauity ,nstru e ts
B) Otrer comprehenstvP income tnat ·, 111 be reciass i ied 10 pro it or
oss:
.
'\le: mvPment o n Ef ective portion o Cash Flow Hedges
940
4
117
994
Ne ,,..,over ent m ost of edging
(108)
(1 79)
{52)
(287)
Exchange difference on translation cf foreign operation
(~76)
(29)
(60)
(505)
10 Total comprehensive loss after tax
(3,339)
(2,790)
(227)
(6,129)
11
Total comorehensive loss attributable to·
i. q 1:v holders of the oarent
{3,332)
(2,784)
(219)
(6,116)
11 . 1\on - controll ing nterest
(7)
(6)
(8)
{13)
12
0 a,d- ao eq uity share c<1µital (rate Villue of Re 1/- each)
2,128
2,128
2,128
2,128
13
R se ·v s ex CIJd•ng revaluauon reserve as per balance heet of
prcv ous accounting year·
14
Earnings per share (of qe.1/· each) (not annualised}:
a)
Oas,c (h
)
(1. 73)
(1.24)
(0.10)
(2.97)
b)
Di'uted (INRI
(173)
(1.24)
(0.10)
(2.97)
• Amount of reva luation reserve as at March 31. 2025 ts INR 9. 270 mtllton
SIGNED FOR ID I'\ Tl
BY
L P
(in INR Million)
Year to date
figures for the
Previous year
previous period
ended
ended
September 30,
March 31,
2024
2025
(Unaudited)
(Audited)
53,978
105,891
2,169
3,127
52
125
56,199
109,143
333
1,266
56,532
110,409
31,051
81.299
618
Gll
15,652
7,0'.,3
1,032
2,157
4,247
8,110
1,390
7,796
96
395
11,639
1: ,61 4
58,725
114,035
(2,193)
(3,626)
10
82
2
2
(312)
(7:: )
(1,893)
{2 ,999)
(1,878)
(2,998)
(15)
(1)
{17)
('- 2!
5
7
4
1: 1
60
117
6;4
{133)
{358!
(5 7)
(3 13)
{1,978)
(3,028)
(1,963 )
(3,027)
(15)
(1)
2,128
2,128
(28; 54)
(0.88)
(1 .41)
(0.88)
(1.41)
SHREE RENUKA SUGARS LIMITED
(A WILMAR GROUP COMPANY)
CIN : L01542KA1995PLC019046
Reg O, : Kanakashree Arcade, J
C Road, ehru Nagar, !lelagavi-590010, Karnataka.
lnvesto s relations contact: einward.ris@karvy.com
Website: www.renukosuga s.com; Phone: ~91-831 2404000, Fax: +91-831-2404961
Unaudited consolidated ,e~ment wise revenue, results, assets and liabilities for the quarter and half year ended September 30, 2025
3 months ended 3 months ended 3 months ended
Sr.
Particulars
No.
September 30,
June 30, 2025
September 30,
2025
2024
(Unaudited)
(Unaudited)
(Unaudited)
1
Segment revenue
(a) Suear - r'1illing
3,910
4,738
5,445
{b) Sugar - re inery
16,672
13,670
18,454
(c} Distillery
2,858
1,442
1,475
(d) Co-ge er~tion
81
166
111
(e} Trading
851
601
2
(f) Eng,neenng
452
157
346
(eiOtre·
26
47
28
Total
24,850
20,821
25,861
Less :Inter segment revenue
(622)
{719)
{199)
Revenue from operations
24,228
20,102
25,662
2
Segment results
Loss before tax, finance cost, other unallocable income
and foreign exchange loss (net)
(a) SUGilr - rr illing
(b) Sugar ref"nery
(c) Distillery
[a) Co-gPneration
[e) • ra j 1r,g
(f) E-g nee ing
(g} Other
Total
Less: i) Fina ce co5tS
,i) Other unallocable expe ses
iii) Foreign excha,1g loss (net)
Ade. Other unallocable income
Loss before tax
Segment w ise assets and liabilities
3
Segment assets
(a) Suea - milling
(b) Sur,01 - re'ine'v
(C ) D•SI lier'{
(d) Co-g neration
(e} Trdding
(f) Engineerng
lg) Other
lh) Unallocai ed
Total segment assets
4
Segment liabilities
(a) Sugar - milli g
(b) Sugar - refinery
(c) o,stiilery
(d) Co-generatio
(e) rad1ng
(f) E ginee ing
(g) O: er
(n) Unallocated
Total segment liabilities
(805)
(358)
25
i306)
55
(137)
7
(1,519)
1,836
224
809
(4,388)
375
(4,013)
19,040
22.283
,756
9,234
53
790
290
5,567
67,013
1,530
21,931
217
177
2
423
9
65,933
90,222
SIGNED FOR I
BY
{706)
(145)
(90)
(207)
49
(132)
18
(1,213)
1,929
279
92
(3,513)
99
(3,414)
20,942
25,18
12,017
.350
93
881
298
-1,99S
73,756
,649
24,796
234
210
2
344
11
65,782
93,028
i I t
MUMBAI
I
.____ ___
.....:..:.;.:::.:.;,,:,:;:.:..:.:,_ _____ ,
(685)
3,010
(108)
(293)
(8)
(67)
12
1,861
2,107
200
86
(532)
120
{412)
21,498
27, 28
10,678
9,541
161
974
548
4,807
75,335
2,709
26,909
329
247
6
670
62
60,241
91,173
Vear to date
figures for the
current period
ended
September 30,
2025
!Unaudited)
8,648
30,342
4,300
247
1,452
609
73
45,671
(1,341)
44,330
(1,511)
(503)
(65)
(513)
104
(269)
25
(2,732}
3,765
503
901
(7,901)
474
(7,427)
19,040
22,283
9,756
9,234
53
790
290
5,567
67,013
1,530
21,931
217
177
2
423
9
65,933
90,222
(in INR M"lr n)
I 10
Year to date
Previous year
figures for the
ended
previous
period ended
September 30, March 31, 2025
2024
(Unaudited)
(Aud ited)
12,210
31,793
40,180
74,912
2,788
10,094
275
3,610
723
879
747
1,126
96
219
57,019
122,633
(820)
(13,490)
56,199
109,143
(1,088)
ll2
4,153
4,087
(247)
368
(506)
198
43
34
(34)
(109)
52
129
2,373
4,819
4,247
8,110
556
1,206
96
395
(2,526)
(4,892)
333
1,266
(2,193)
(3,626)
21,498
25,286
27,128
33,526
10,678
13,350
9,541
9.637
161
54
974
811
548
300
4,807
5.413
75,335
88,377
2,709
3,560
26,909
36,630
329
308
247
248
6
2
670
25S
62
11
60,241
64,1111
91,173
105,128
31~
SH REE RENUKA SUGARS LIM ITED
(A WILMAR GROUP COMPANY)
CIN: L01542KA1995PLC019046
SHREE
~ENUKA
SUG ARS
Reg Off: Kanakashree Arcade, JNMC Road, ehru Nagar, Belagavi-59001 0, Karr a,aka.
Investors relations contact: einward.n s@karvy.com
Website: www.renukasugars.com; Phone: +91-831-2404000, Fax: +91-831-2404961
Statement of consolidated unaudited assets and liabilities
ASSETS
1 Non-current assets
Pr operty, plant and equipment (including right of use assets)
Capital work-in-progress
Goodwill
0 her intangible assets
Financial assets
Inves tments
Trade receivables
Other non-current financial assets
I Non-current tax assets
Ot er non cu rrent assets
De erred tax assets (net)
Total non-current assets
2
Current assets
Inventories
Financial assets
Trade receivables
Cash and cash equivalents
Other bank balances
Other current financial assets
Other cur ent assets
Total current assets
Total assets
EQUITY AND LIABILITIES
1
Equity
Equi y share capital
Other equity
Equity attributable to shareholders
I No -controll1ng interest
Total equity
Liabilities
2
Non-current liabilities
Financial liabilities
Borrowings
Lease liabilities
Net employee benefit liabilities
Governmen grants
Income tax payable
Deferred tax liabilities (net)
Total non-current liabilities
3
Current liabilities
Financial liabilities
Borrowings
Lease liabilities
rade payables
- Total out star ding dues of micro and small enterprises
- Total outstanding dues of creditors other than micro and small
enterpri ses
Other current fi nancial liabilities
Government grants
Ot er current liabilities
Net employee ~ enefit liabilities
Total current Iii lpilities
Total liabilities ,1
$ lr!i\ll (n i:nR ini:1~1>t:u:1f"'.dTtnl\l
B 1,
Total equity and i;li,ilities
~
SR BC & CO L.:L P
MUMBAI
{
I
\
As at
September 30, 2025
{Unudited)
42,337
923
1,429
2
403
33
161
155
608
50
46,101
14,035
2,767
447
269
1,112
2,282
20,912
67,013
2,128
(25,328)
(23,200)
(9)
(23,209)
32,143
217
368
20
7
1,326
34,081
30,288
13
81
22,097
1,848
80
1,510
224
56,141
90,222
67,013
(in INR Million)
As at
March 31, 2025
(Audited)
43,497
213
1,429
2
403
33
254
120
580
45
46,576
34,692
4,491
627
163
544
1,284
41,801
88,377
2,128
(18,883)
(16,755)
4
(16,751)
31,286
214
351
47
11
2,425
34,334
27,379
12
93
39,401
2,300
125
1,253
231
70,794
105,128
88,377
JJt~
SHREE.
SHREE RENUKA SUGARS LIMITED
(A WILMAR GROUP COMPANY)
CIN: L01542KA1995PLC019046
RENUKA
SUGARS
Reg Off: Kanakashree Arcade, JNMC Road, Nehru Nagar, Belagavi-590010, Karnataka.
Investors relations contact: einward.ris@karvy.com
Website: www.renuka sugars.com; Phone : +91-831-2404000, Fax: +91-831-2404961
Statement of consolidated unaudited cash flow statement
For the half year
ended
September 30,
2025
{Unaudited)
Operating activities
Loss before tax
(7,427)
Adjustments to reconcile loss before ta1C to net cash flows:
Depreciation of property, plant and equipment
1,453
Amortisation of intangible assets
o•
Government assistance
(73)
Unrealised loss/(gair ) on denva t,ves
(375)
Excess provision written back
(5)
Fina ce costs
3,765
Finance income
(10)
Impairment of other assets
8
Expected credit loss on trade receivable
221
Loss on sale of property. plant and equipment
4
Property, plant and equipment written off
Unrealised loss on foreign exchange loss (net)
530
Working capital adjustments:
(Decrease)/lncrease in employee benefit expenses
(53)
Decrease in trade receiva bles
1,502
Increase in other receivables and prepayments
(338)
Decrease in inventories
20,556
Decrease in trade and other payables
(17,962)
1,796
Income tax (refund)/ paid (net)
(39)
Net cash flows from operating activities
1,757
Investing activities:
Purchuse of property, plant and equipment
(948)
Proceeds from sc1le o property, pl c1nt and equipment
o•
Fixed deposits (placed) / matured (net)
(81)
Interest received (finance income)
Net cash flows used in investing activities
(1,029)
Financing activities:
(Repayment)/proceeds from short term borrowings (net)
3,177
Repayment of long-term borrowings••
(1,030)
Proceeds from long term borrowings**
506
Payment of lease liability
(8)
Finance cost and processing charges paid
(3,048)
Net cash flows used in financing activities
(403)
Net increase in cash and cash equivalents
325
Foreign currency translation reserve
(505)
Net increase/(decrease) in cash and cash equivalents
(180)
Opening cash and cash equivalents
627
Closing cash and cash equivalents
447
(in INR Million}
For the half year
ended
September 30,
2024
(Unaudited)
(2,193)
1,389
o•
(73)
334
(21)
4,247
(19)
1
79
19
7
35
3,076
(344)
23,318
(22,500)
7,355
3
7,358
(1,109)
-
33
14
(1,062)
(1,237)
(26,230)
25,185
(12)
(3,679)
{5,973)
323
(57)
266
380
646
The cash flow statement is prepared using the indirect method set out in IND AS 7 • Statement of cash flow .
• A ounts less t a INR 1 million are disclosed as positive zero
•• Repayment of long term borrowings in previous period includes an amount of INR 25,185 million related to external
co merc,al borrowings (ECB) availed from holding company, Wilmar Sugar nd Energy Pte Ltd . which was repaid in
previous period. • e ECB repaid during the previous period was refinanced t ough a new ECB secured from financial
ins 1i ution of INR 25,185 m11lion which is disclosed unO,W.o.::J.!u:i.c.2.E!ai..tultll.JQl:lg.J:$j'1.J:Ul.CCWl~ii..
SR BC & CO LLP
MUMB.AJI
Notes to consolidated unaudited financial results for the quarter and half year ended September
30, 2025:
1.
Shree Renuka Suga rs Limited ('SRSL' or 'the Company') and its subsidiaries ('SRSL Group' or
Group') is one of the largest sugar, green energy (ethanol and renewable power) producers and
sugar refiners in India. As a leading agribusiness and bioenergy Company, it is present across the
value chain with a strategic network of infrastructure.
SRSL is a subsidiary of Wilmar Sugar and Energy Pte Ltd., Singapore, part of Wilmar Group (Asia's
leading agribusiness group).
2. The above unaudited consolidated results have been reviewed by the Audit Committee in their
meeting held on November 5, 2025, and approved by the Board of Directors in their meeting held
on November 6, 2025.
3. As at September 30, 2025, the current liabilities of the Group exceed its current assets by INR
35,229 million. Further, the Group's loss before tax for the quarter ended September 30, 2025, is
INR 4,013 million and INR 7,427 million for half year ended September 30, 2025. The Group has
a negative net worth of INR 23,209 million as of September 30, 2025.
All term loans, External Commercial Borrowings (ECB) and working capital loans (except for
working capital loans of INR 5,899 million) availed by the Company from banks and non-
cor vertible debentures, which are outstanding as on September 30, 2025, are secured by
corporate guarantee provided by the ultimate Holding Company (Wilmar International Limited).
Working capital loan of INR 5,899 million is secured by charge against current assets of the
Company and letter of comfort issued by ultimate Holding Company (Wilmar International
Limited) for availing these working capital loans. The Board of Directors of Wilmar Sugar and
Energy Pte Ltd ., the Holding Company, has also provided a letter of support to the Group, to meet
the shortfall in its normal trade related working capital requirements. Accordingly, the Group
management believes that it will be able to meet all its financial obligations on a timely basis.
Hence, the Group has prepared the financial results on a going concern basis.
4. Some of the business segments are of a seasona l nature and accordingly impact the results in the
respective quarters.
s. The Indian Parliament has approved the Code on Social Security, 2020. The Ministry of Labour
and Employment has released draft rules for the Code on Social Security, 2020 on November 13,
2020. The effective date from which the changes are applicable is yet to be notified. The Company
is in the process of assessing the impact of these changes. The impact, if any, will be accounted
in the period in which the said Code and the rules framed thereunder are notified and are
effective .
SIGNED FO
BY
LLP
6.
Previous period figures have been regrouped/reclassified, as considered necessary, to confirm
with current period presentation, wherever applicable.
Place: Mumbai
Date: November 6, 2025
SIGNED FOR
BY
LLP
For Shree Renuka Sugars Limited.
~
AtulC~
Executive Chairman
DIN: 00175355
