Shree Renuka Sugars Limited's Board of Directors, at its meeting on 6th November 2025, approved the Unaudited Financial Results (Standalone & Consolidated) for the quarter and half year ended 30th September 2025. The Board also approved the conversion of a loan amounting to ₹57.37 crore (₹573.65 million) extended to its Wholly Owned Subsidiary, KBK Chem-Engineering Private Limited (KBK), into equity shares through a Rights Issue. Key details from the announcement: * Financial Results (Standalone, Quarter ended 30th September 2025): * Revenue from Operations was ₹2,323.3 crore (₹23,233 million). * Net Loss for the period was ₹318.8 crore (₹3,188 million). * Total Comprehensive Loss after tax was ₹235.8 crore (₹2,358 million). * Loss before tax for the half year ended 30th September 2025, stood at ₹642.3 crore (₹6,423 million). * The company reported a negative net worth of ₹926.2 crore (₹9,262 million) as of 30th September 2025. * Current liabilities exceeded current assets by ₹2,266.7 crore (₹22,667 million). * The company continues to operate on a going concern basis, supported by corporate guarantees and a letter of support from its ultimate Holding Company, Wilmar International Limited, to meet financial obligations. * Investment in KBK Chem-Engineering Private Limited: * The conversion of the loan into equity is intended to strengthen KBK's capital structure, reduce its indebtedness, de-leverage, and improve profitability, without any fresh capital infusion. * KBK Chem-Engineering Private Limited, incorporated on 8th October 1997, is engaged in providing consultancy and executing engineering projects. * Turnover for KBK: FY 24-25 was ₹127.05 crore (₹1,270.47 million), FY 23-24 was ₹244.90 crore (₹2,448.99 million), and FY 22-23 was ₹459.94 crore (₹4,599.39 million). * Shree Renuka Sugars Limited will subscribe to 2,49,122 equity shares, acquiring 100% shareholding/control in KBK through this Rights Issue. * The Rights Issue offer is scheduled to commence on 8th November 2025 and close on 14th November 2025.
