Rajshree Sugars & Chemicals MD, chairman, board of directors and AGM
NSE: RAJSREESUGBSE: 500354Agricultural Food & other ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹27.89.
- Under NSE's long-term additional surveillance, stage I, on the list for 23 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹89 Cr2,894th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 20 May 2026
- 0.3
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 20 Jul 2026
- −3.1%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹2.01 crore of one-off items, the largest of them in the quarter to Dec 2025.
- −2.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 20 Jul 2026
- 0.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 20 May 2026
- 1.26
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 76,12769.3% delivered
Rajshree Sugars & Chemicals board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonRAJSHREE PATHYRelated to the promoter
- Company Secretary and Compliance OfficerM Ponraj
6 directors4 independent1 executive1 non-executive
- RAJSHREE PATHY · ChairpersonNon-executive · joined Dec 1985 · reappointed Aug 2025 · 1 listed board
- SRINIVASAN VASUDEVANIndependent · joined Sep 2019 · reappointed Sep 2024 · 81 months as independent · 3 listed boards · 3 as independent · 3 committee seats
- SHEILENDRA BHANSALIIndependent · joined Jul 2017 · reappointed Jul 2022 · 108 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- KASTHURIRANGAIAN ILANGOIndependent · joined Sep 2019 · reappointed Sep 2024 · 81 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
- RAJAN BALASUBRAMANIANIndependent · joined Aug 2025 · 10 months as independent · 1 listed board · 1 as independent · 2 committee seats
- RANGANATHAN VARADARAJANExecutive · joined Jun 2003 · reappointed Jun 2026 · 2 listed boards · 1 as independent · 4 committee seats
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- SOUNDARARAJAN KRISHNASWAMI, left 30 Sep 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 20 May 20266 of 6 present4 independent · 97 days in between
- 11 Feb 20266 of 6 present4 independent
Audit Committee
Chair SHEILENDRA BHANSALI
SRINIVASAN VASUDEVAN, KASTHURIRANGAIAN ILANGO, RANGANATHAN VARADARAJAN, RAJAN BALASUBRAMANIAN
- 20 May 20265 of 5 present4 independent · 97 days in between
- 11 Feb 20265 of 5 present4 independent
Nomination and remuneration committee
Chair SRINIVASAN VASUDEVAN
SHEILENDRA BHANSALI, RAJSHREE PATHY
- 20 May 20263 of 3 present2 independent · 97 days in between
- 11 Feb 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair SHEILENDRA BHANSALI
RANGANATHAN VARADARAJAN, RAJAN BALASUBRAMANIAN
- 20 May 20263 of 3 present2 independent · 97 days in between
- 11 Feb 20263 of 3 present2 independent
Corporate Social Responsibility Committee
Chair RAJAN BALASUBRAMANIAN
KASTHURIRANGAIAN ILANGO, RANGANATHAN VARADARAJAN
No meeting listed in the filing.
SHARE TRANSFER COMMITTEE
Chair RANGANATHAN VARADARAJAN
SHEILENDRA BHANSALI, KASTHURIRANGAIAN ILANGO, RAJAN BALASUBRAMANIAN
No meeting listed in the filing.
COMPENSATION COMMITTEE
Chair SRINIVASAN VASUDEVAN
KASTHURIRANGAIAN ILANGO, RAJSHREE PATHY, RAJAN BALASUBRAMANIAN
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- S. Krishnamoorthy & CoPeer-review certificate valid to Mar 2029
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Rajshree Sugars & Chemicals AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Rajshree Sugars & Chemicals dividend history
Annual general meeting, 23 Jul 2026
31,512 shareholders on the register on 16 Jul 2026; present: 4 promoters and 44 others; votes counted by Mr. B. Krishnamoorthi / Not Applicable.The company's voting result (opens in a new tab)
- Adoption of the audited financial statements of the Company for the financial year ended 31st March 2026, together with the Board's Report and the Auditors' Report thereon.Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 49.22% · promoters 100.00% · institutions 0.00% · other public 15.07%
- Reappointment of Mr. R. Varadarajan (DIN: 00001738), Director, retiring by rotationOrdinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 0.24%
Turnout: all 49.21% · promoters 100.00% · institutions 0.00% · other public 15.06%
- Appointment of M/s. Karthikeyan & Jayaram, Chartered Accountants, Coimbatore, as the Statutory Auditors of the Company for a term of five financial years from 2026-27 to 2030-31.Ordinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 0.24%
Turnout: all 49.22% · promoters 100.00% · institutions 0.00% · other public 15.07%
- Reappointment of Mr. R. Varadarajan (DIN : 00001738) as Wholetime Director for a period of five years from 5th June 2026.Special99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 0.24%
Turnout: all 49.21% · promoters 100.00% · institutions 0.00% · other public 15.06%
- Ratification of remuneration payable to M/s. S. Mahadevan & Co., Cost Auditors, for the financial year ending 31st March 2027.Ordinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 0.24%
Turnout: all 49.22% · promoters 100.00% · institutions 0.00% · other public 15.07%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 13 Aug 2025, 5 resolutions
32,432 shareholders on the register on 6 Aug 2025; present: 4 promoters and 42 others; votes counted by K Murali Mohan / Not Applicable.The company's voting result (opens in a new tab)
- Adoption of the audited financial statements of the Company for the financial year ended 31st March 2025, together with the Boards Report and the Auditors Report thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 50.03% · promoters 100.00% · institutions 0.41% · other public 16.52%
- Reappointment of Ms. Rajshree Pathy (DIN: 00001614), Director retiring by rotation.OrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 8.65% · promoters 0.00% · institutions 0.41% · other public 15.34%
Appointment of Mr.Rajan Balasubramanian (DIN:10309315) as an Independent Director for an initial term of five consecutive years commencing from the conclusion of the 39th Annual General Meeting and ending on the date of the 44th Annual General Meeting or on completion of five years, whichever is earlier.MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 50.03% · promoters 100.00% · institutions 0.41% · other public 16.52%
- Appointment of Secretarial Auditor for a fixed term of five financial years (FY 2025-26 to FY 2029-30).Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 50.03% · promoters 100.00% · institutions 0.41% · other public 16.52%
- Ratification of Remuneration Payable to M/s. S. Mahadevan and Co., Cost Auditors (Firm Registration No. 000007), for the Financial Year Ending 31st March 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 50.03% · promoters 100.00% · institutions 0.41% · other public 16.52%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 27 Sep 2024, 5 resolutions
Present: 4 promoters and 42 others.The company's voting result (opens in a new tab)
- Adoption of the audited financial statements of the Company for the financial year ended 31st March 2024, together with the Board's Report and the Auditors' Report thereonOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 46.15% · promoters 100.00% · institutions 0.00% · other public 9.75%
- Reappointment of Mr.R.Varadarajan, Director (DIN:00001738) retiring by rotationOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 46.15% · promoters 100.00% · institutions 0.00% · other public 9.75%
- Reappointment of Mr.K.Ilango (DIN:00124115) as an Independent Director for a second consecutive term of five consecutive years.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 46.15% · promoters 100.00% · institutions 0.00% · other public 9.75%
- Reappointment of Mr.S.Vasudevan (DIN:01567080) as an Independent Director for a second consecutive term of five consecutive years.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 46.15% · promoters 100.00% · institutions 0.00% · other public 9.75%
- Ratification of remuneration payable to the Cost Auditors M/s.S.Mahadevan & Co., Cost Accountants (Firm Registration No.000007) for the financial year ending 31st March 2025Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 46.15% · promoters 100.00% · institutions 0.00% · other public 9.75%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 30 Aug 2023, 4 resolutions
Present: 4 promoters and 45 others.The company's voting result (opens in a new tab)
- 1 - Adoption of the audited financial statements of the Company for the financial year ended 31st March 2023, together with the Boards Report and the Auditors Report thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 50.04% · promoters 100.00% · institutions 0.00% · other public 19.98%
- 2 - Reappointment of Ms.Rajshree Pathy (DIN:00001614), Non-Executive Non-Independent Director, who retires by rotation and being eligible, offer herself for re-appointment.OrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 8.34% · promoters 0.00% · institutions 0.00% · other public 17.77%
- 3 - Reappointment of Mr.R.Varadarajan (holding DIN 00001738), as Wholetime Director of the Company for a period of three years effective from 5th June 2023 and to fix remuneration.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 50.04% · promoters 100.00% · institutions 0.00% · other public 19.97%
- 4 - Confirmation / Ratification of Remuneration payable to M/s.S. Mahadevan & Co., Cost Accountants (Firm Registration No.000007) for the financial year ending 31st March 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 50.04% · promoters 100.00% · institutions 0.00% · other public 19.98%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 28 Sep 2022, 6 resolutions
Present: 5 promoters and 39 others.The company's voting result (opens in a new tab)
Adoption of the audited financial statements of the Company for the financial year ended 31st March 2022 including Audited Balance Sheet as on that date, Statements of Profit and Loss and Cash Flow & Changes in Equity for the year ended on that date and the explanatory note annexed to/ forming part thereof, together with the Board's Report and the Auditors' Report thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 50.02% · promoters 100.00% · institutions 0.00% · other public 21.10%
- Reappointment of Mr. R. Varadarajan (DIN 00001738), Director, who retires by rotation and being eligible, offers himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 50.02% · promoters 100.00% · institutions 0.00% · other public 21.10%
- Confirming and ratifying the remuneration payable to M/s. S. Mahadevan & Co., Cost Accountants (Firm Registration No.000007) for the financial year ending March 31, 2023.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 50.02% · promoters 100.00% · institutions 0.00% · other public 21.10%
- Re-appointment of Mr S Krishnaswami (DIN: 08530320) as an Independent Director of the Company for a second consecutive term of three years from 30th September 2022 to 29th September 2025.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 50.02% · promoters 100.00% · institutions 0.00% · other public 21.10%
- Reappointment of Mr. Sheilendra Bhansali (DIN: 00595312) as an Independent Director of the Company for a second consecutive term of five years from 10th July 2022 to 9th July 2027.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 50.02% · promoters 100.00% · institutions 0.00% · other public 21.10%
- Seeking approval for the payment of the remuneration to Mr.R.Varadarajan (DIN:00001738), the Wholetime Director of the Company for the period from 5th June 2020 to 4th June 2023.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 50.02% · promoters 100.00% · institutions 0.00% · other public 21.10%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 30 Sep 2021, 6 resolutions
Present: 5 promoters and 49 others.The company's voting result (opens in a new tab)
- Adoption of audited financial statements of the Company for the year ended 31st March 2021 and the report of the Board of Directors and the report of the Auditors.Ordinary99.93% for0.07% against
Against: promoters 0.00% · institutions 0.00% · other public 0.39%
Turnout: all 49.26% · promoters 100.00% · institutions 0.00% · other public 19.39%
- Reappointment of Director Mr.Raja MJ Abdeen (DIN 00905319) who retires by rotation and being eligible, offers himself for reappointmentOrdinary99.93% for0.07% against
Against: promoters 0.00% · institutions 0.00% · other public 0.40%
Turnout: all 49.26% · promoters 100.00% · institutions 0.00% · other public 19.39%
- Reappointment of M/s S Krishnamoorthy & Co. as Statutory Auditors (Firm Registration No.001496S) of the company for the second term of five financial years from 2021-22 to 2025-26Ordinary99.93% for0.07% against
Against: promoters 0.00% · institutions 0.00% · other public 0.39%
Turnout: all 49.26% · promoters 100.00% · institutions 0.00% · other public 19.39%
- Remuneration of Cost auditor, M/s S Mahadevan & Co. Cost Accountants (Firm Registration No.00007)Ordinary99.93% for0.07% against
Against: promoters 0.00% · institutions 0.00% · other public 0.41%
Turnout: all 49.26% · promoters 100.00% · institutions 0.00% · other public 19.39%
- Borrowing Powers and conversion of loan into SharesSpecial99.93% for0.07% against
Against: promoters 0.00% · institutions 0.00% · other public 0.39%
Turnout: all 49.26% · promoters 100.00% · institutions 0.00% · other public 19.39%
- To adopt a new set of Articles of Association (AoA) of the Company in line with Companies Act, 2013Special99.93% for0.07% against
Against: promoters 0.00% · institutions 0.00% · other public 0.39%
Turnout: all 49.26% · promoters 100.00% · institutions 0.00% · other public 19.39%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 12 Mar 2021, 4 resolutions
Present: 5 promoters and 35 others.The company's voting result (opens in a new tab)
- Increase of Authorised Share capital from Rs.30 crores to Rs.37 crores and consequent alteration of the Capital Clause of Memorandum of AssociationOrdinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 63.73% · promoters 100.00% · institutions 0.00% · other public 30.49%
Issue of 0.1% Secured, Unlisted, Non-Cumulative, Redeemable & Non-Convertible Debentures (NCD) for an aggregate value not exceeding Rs.100 crores, on part-conversion of secured loans pursuant to the Resolution PlanMoreLess
Special99.98% for0.02% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 63.73% · promoters 100.00% · institutions 0.00% · other public 30.49%
Issue of 0.1% Secured, Unlisted, Non-Cumulative, Redeemable & Optionally-Convertible Debentures (OCD) for an aggregate value not exceeding Rs.180 Crores, on part-conversion of secured loans pursuant to the Resolution PlanMoreLess
Special99.96% for0.04% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 63.73% · promoters 100.00% · institutions 0.00% · other public 30.49%
Issue of Equity Shares of face value of Rs.10/- each for a total value (including premium) of not exceeding Rs.20/- Crores on preferential / private placement basis to the lender banks on part-conversion of secured loans pursuant to the Resolution PlanMoreLess
Special99.96% for0.04% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.15%
Turnout: all 63.73% · promoters 100.00% · institutions 0.00% · other public 30.49%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 28 Dec 2020, 5 resolutions
Present: 5 promoters and 49 others.The company's voting result (opens in a new tab)
- Adoption of audited financial statements of the Company for the year ended 31st March 2020 and the report of the Board of Directors and the report of the AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 62.50% · promoters 100.00% · institutions 0.00% · other public 28.13%
- Reappointment of Director Dr.P.Surulinarayanasami (DIN 01468527), who retires by rotation and being eligible, offers himself for re-appointmentSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 62.50% · promoters 100.00% · institutions 0.00% · other public 28.13%
- Reappointment of Mr.R.Varadarajan (holding DIN 00001738), as a whole time key managerial personnel in the position of Whole time Director of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 62.50% · promoters 100.00% · institutions 0.00% · other public 28.13%
- Remuneration for Cost Auditor M/s.S.Mahadevan & Co., Cost Accountants (Firm Registration No.000007)Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 62.50% · promoters 100.00% · institutions 0.00% · other public 28.13%
Seeking consent of the Members of the Company to the Board of Directors of the Company (or Committee thereof) to sell any of the non-core assets of theCompany, as per the requirements of the lenders of the company in the process of restructuring of the debts of the CompanyMoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 62.50% · promoters 100.00% · institutions 0.00% · other public 28.13%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Tax disputes
Reported in the filing for the quarter to Jun 2026.
- Tax disputeOffice of Commissioner of Central Excise PuducherrySince 6 May 2015
SCN 24/2015 Dt. 06.05.2015: Wrong availment of Notification 67/95 from April 2014 to March 2015 – Rs. 1109.32 Lacs. The Commissioner of GST and Central Excise, Chennai, has raised a demand of Rs.1823.28 Lacs (Principal: Rs. 607.76 Lacs, Penalty: Rs. 607.76 Lacs, and Interest: Rs. 607.76 Lacs). The company has filed a writ petition before the Madras High Court challenging the demand, and the High Court has given the order dated 11.06.2026 and the operative part is as follows: In view of the above and without expressing any opinion on the merits of the rival contentions, this Court issues the following directions : i) Liberty is granted to the petitioner to avail the statutory appellate remedy before the competent Appellate Tribunal. ii) If such appeals are filed, the Appellate Tribunal shall consider the same on their own merits and in accordance with law. iii) The period from the date of filing of these writ petitions till the date of receipt of a copy of this order shall stand excluded for the purpose of computing the period of limitation for filing the appeals before the Appellate TribunalMoreLess
- Tax disputeOffice of Commissioner of Central Excise PuducherrySince 5 May 2016
SCN 11/2016 dated 5th May 2016: Wrong availment of Notification 67/95 from April 2015 to March 2016 amounting to Rs.970.07 lacs. The Commissioner of GST and Central Excise, Chennai, has raised a demand of Rs. 1769.85 lacs (Principal: Rs. 589.95 lacs, Penalty: Rs. 589.95 lacs, and Interest: Rs.589.95 lacs). The company has filed a writ petition before the Madras High Court challenging the demand, and the case is pending disposal. High Court has given the order dated 11.06.2026 and the operative part is as follows: In view of the above and without expressing any opinion on the merits of the rival contentions, this Court issues the following directions : i) Liberty is granted to the petitioner to avail the statutory appellate remedy before the competent Appellate Tribunal. ii) If such appeals are filed, the Appellate Tribunal shall consider the same on their own merits and in accordance with law. iii) The period from the date of filing of these writ petitions till the date of receipt of a copy of this order shall stand excluded for the purpose of computing the period of limitation for filing the appeals before the Appellate TribunalMoreLess
- Tax disputeOffice of Assistant Commissioner of GST & Central ExciseSince 15 Jan 2018
SOD No. 01/2018 dated 15th January 2018: Non-payment of duty on molasses and Cenvat credit availed from April 2016 to June 2017 amounting to Rs. 1459.79 lacs. The Commissioner of GST and Central Excise, Chennai, has raised a demand of Rs.2690.46 lacs (Principal: Rs. 896.82 lacs, Penalty: Rs.896.82 lacs, and Interest: Rs.896.82 lacs). The company has filed a writ petition before the Madras High Court challenging the demand, and the case is pending disposal. High Court has given the order dated 11.06.2026 and the operative part is as follows: In view of the above and without expressing any opinion on the merits of the rival contentions, this Court issues the following directions : i) Liberty is granted to the petitioner to avail the statutory appellate remedy before the competent Appellate Tribunal. ii) If such appeals are filed, the Appellate Tribunal shall consider the same on their own merits and in accordance with law. iii) The period from the date of filing of these writ petitions till the date of receipt of a copy of this order shall stand excluded for the purpose of computing the period of limitation for filing the appeals before the Appellate TribunalMoreLess
- Tax disputeOffice of The Assistant Commissioner of Central Excise VilluppuramSince 21 Sep 2016
SCN No. 36/2016 dated 21st September 2016: Non-payment of duty on molasses from April 2012 to June 2012 amounting to Rs. 80.38 lacs. The Additional Commissioner of GST & Central Excise issued an order dated 29th September 2023, raising a demand of Rs. 161 lacs (Principal: Rs. 80.38 lacs and Penalty: Rs.80.38 lacs), along with applicable interest. The company has filed an appeal before the Commissioner (Appeals) with a pre-deposit of Rs. 6.02 lacs and this appeal dismissed by the Commissioner (Appeals) vide order No.260/2025 dt.28.11.2025. Against this order appeal to be filed with CESTAT.MoreLess
- Tax dispute(i) Tamil Nadu Electricity Regulatory Commission (TNERC) (ii) Tamil Nadu Generation & Distribution Corporation Ltd (TANGEDCO)Since 8 Aug 2019
(i) For Unit-1, TANGEDCO claims Rs. 186.93 lakhs as Parallel Operation Charges for the period from May 2014 to April 2019, as per their demand letter dated 23.05.2019. (ii) For Unit-2, TANGEDCO claims Rs. 134.62 lakhs as Parallel Operation Charges for the period from May 2014 to January 2020, as per their demand letter dated 14.02.2020. (iii) For Unit-3, TANGEDCO claims Rs. 176.61 lakhs as Parallel Operation Charges for the period from May 2014 to January 2020, as per their demand letter dated 14.02.2020. Current Status: Appellate Tribunal for Electricity (APTEL) has rendered its judgment, on 16.06.2025, favorable to the Sugar Cogeneration plants in Tamil Nadu on the demand of Parellel operation Charges by TANGEDCO. Caveat Appeal has been filed on 09.07.2025 by minimum representative members of South Indian Sugar mills Association (Tamil Nadu), in which the company is a member, before Supreme Court, for not to pass any order without hearing the appellants, as a precautionary measure if TANGEDCO appeals before Supreme Court against the order of the APTEL Subsequently, TANGEDCO has filed its appeal before the Supreme Court and the case is pending.MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.