Outcome of Board Meeting

SIMBHAOLI SUGARS July 13, 2026 To, To, BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra – Kurla Complex, Dalal Street, Fort Mumbai Mumbai - 400051 Fax No. 022-22721072/2037/2041 Fax No. 022-26598237/38 Scrip Code: BSE – 539742 Symbol: NSE – SIMBHALS Sub: Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), Outcome of the Interim Resolution Professional (IRP) convened meeting held today on (i.e., Monday, July 13, 2026) Dear Sir/Ma’am, It is hereby to inform you that the meeting convened by Interim Resolution Professional (IRP) today i.e., Monday, July 13, 2026, which commenced at 03:30 P.M. and concluded at 05:05 P.M., the following items were discussed, approved and taken note: 1. Audited Consolidated Financial Results for the quarter and year ended on March 31, 2026, were considered and Approved by CFO and taken on record by IRP. The copies of the aforesaid Financial Result along with Independent Auditor’s Report thereon is attached herewith. 2. The Hon’ble NCLAT, vide its judgement pronounced orally on 13 July 2026, dismissed the appeal filed by Ms. Gursimran Kaur Mann (One of the Promoter of the Company) and disposed of the appeal filed by Surender Pal Singh Mangat (Farmer) with certain directions. Thanking You. Yours Faithfully, For SIMBHAOLI SUGARS LIMITED (Jagriti Sharma) Company Secretary & Compliance Officer M. No.: F11456 Simbhaoli Sugars Limited is currently undergoing Corporate Insolvency Resolution Process pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016 w.e.f. 11th July, 2024, Since, the powers of Board of Directors stands suspended pursuant to the initiation of CIR Process, vide order dated 11th July, 2024, the adjudicating authority appointed Mr. Anurag Goel (IBBI/IPA-001/IP-P-00876/2017-18/11460), Interim Resolution Professional (IRP) who is managing assets, management and carrying the functions mentioned under the Insolvency Bankruptcy Code. Currently, The Hon’ble NCLAT, vide its judgement pronounced orally on 13 July 2026, dismissed the appeal filed by Ms. Gursimran Kaur Mann (One of the Promoter of the Company) and disposed of the appeal filed by Surender Pal Singh Mangat (Farmer) with certain directions. Copy of Order available at www.simbhaolisugars.com. Simbhaoli Sugars Limited (An FSSC 22000: version 6.1, ISO 900 ISO 9001: 2015 & 14001: 2015 Certified Company) Registered Office: Simbhaoli, Distt. Hapur, Uttar Pradesh, 245207 I Tel: 0120-4132077 GSTIN: 09AAPCS7569A2ZU I PAN: AAPCS7569A I CIN: L15122UP2011PLC044210 E-mail: info@simbhaolisugars.com I www.simbhaolisugars.com Specialty Sugars Potable Alcohol Ethanol Power B.K.KAPUR AND CO 17,NAVYUG MARKET CHARTERED ACCOUNTANTS GHAZIABAD-201001 PHONE :0120-2790951 Independent Auditor’s Report (Modified Opinion) on consolidated audited quarterly and year to date financial results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. INDEPENDENT AUDITOR’S REPORT The Interim Resolution Professional (IRP), Simbhaoli Sugars Limited. Adverse Report on the Audit of Consolidated Financial Results for the Quarter and year ended 31st March, 2026 Introduction The Hon’ble National Company Law Tribunal, Prayagraj Bench (“NCLT”) admitted an insolvency petition filed by a financial creditor against the Simbhaoli Sugars Limited ("the Holding Company") vide its order dated July 11, 2024, and appointed Mr. Anurag Goel as Interim Resolution Professional (IRP) with directions to take control and custody of the management and operations of the holding Company under the Insolvency and Bankruptcy Code, 2016 (“IBC”) and the IRP assumed control on July 12, 2024. Subsequently, the Hon’ble National Company Law Appellate Tribunal (“NCLAT”), New Delhi, by interim order dated July 24, 2024, directed that no further steps be taken pursuant to the NCLT order, in view of ongoing settlement discussions among creditors, while permitting the IRP to continue to manage the operations of the holding company. Hon’ble NCLAT has conducted multiple hearings in the matter and has finally pronounced orally on 13 July 2026, whereby the Hon’ble NCLAT dismissed the appeal filed by promoters. Further, the appeal filed by the farmers has been disposed of with certain directions, the certified copy of the order is awaited. Pursuant to Regulation 33 of the SEBI (LODR) Regulations, consolidated financial results of the holding company are required to be signed by the Chairperson or Managing Director or Whole-time Director, or in their absence, by an authorised Director. In view of the CIRP and the suspension of the powers of the Board under section 17 of the IBC, the aforesaid audited consolidated financial results of the holding company for the quarter and year ended 31st March ,2026 have been taken on record by the Administrator (IRP) while discharging the powers of the Board of Directors of the holding company in accordance with the NCLT order. For the said purpose, the IRP/Administrator, while signing this statement of consolidated financial results, has relied upon the assistance provided by the Key Management Personnel B.K.KAPUR AND CO 17,NAVYUG MARKET CHARTERED ACCOUNTANTS GHAZIABAD-201001 PHONE :0120-2790951 along with Management and Officials of the Corporate Debtor. The statement of consolidated financial results of the Corporate Debtor for the quarter and year ended March 31,2026 have been taken on record by the IRP solely on the basis of and on relying on the certifications, representations and statements of the Key Management Personnel, along with Management and Officials of the Corporate Debtor. The Statement is the responsibility of the Key Management Personnel who has signed these statements for issuance, including Management and officials of the Corporate Debtor which have been taken on record by IRP based on certification by such Key Management Personnel for issuance. The preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013, read with relevant rules issued thereunder, and other generally accepted accounting principles in India, is the responsibility of the Key Management Personnel, including Management and officials of the Corporate Debtor. Our responsibility is to issue a report on these consolidated financial results based on our audit. Adverse Opinion We have audited the accompanying statement of Consolidated Annual Financial Results of Simbhaoli Sugars Limited (‘the Holding Company’) and its subsidiaries (the Holding Company and its subsidiaries together, hereinafter referred to as ‘the Group’) for the year ended March 31, 2026 (“the Statement”) attached herewith, being prepared and submitted by the Holding Company pursuant to the requirements of Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as amended (‘Listing Regulation’) . In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of the reports of the other auditors on separate audited financial statements of the subsidiaries, the Consolidated Annual Financial Results: - i. Includes annual financial results of Simbhaoli Sugars Limited (SSL) and the following subsidiaries: a. lntegrated Casetech Consultants Private Limited (ICCPL), b. Simbhaoli Specialty Sugars Private Limited (SSSPL), c. Simbhaoli Power Private Limited (SPPL). B.K.KAPUR AND CO 17,NAVYUG MARKET CHARTERED ACCOUNTANTS GHAZIABAD-201001 PHONE :0120-2790951 ii. except for the matters dealt with in the Basis for Adverse Opinion Para given below, the financial results are presented in accordance with the requirements of Regulation 33 of the Listing Regulations, as amended; iii. because of th [Showing first 8,000 characters — download PDF for full document]