NSECorporate Insolvency Resolution Process15 Jul 2026 · 15 Jul 2026, 05:00 pm

Corporate Insolvency Resolution Process

Simbhaoli Sugars Limited · SIMBHALS

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Simbhaoli Sugars Limited is currently undergoing Corporate Insolvency Resolution Process (CIRP) pursuant to the Insolvency and Bankruptcy Code, 2016. The Hon'ble National Company Law Appellate Tribunal (NCLAT) has pronounced its judgment on 13th July 2026, dismissing the appeal filed by Ms. Gursimran Kaur Mann and disposing of the appeal filed by Mr. Surender Pal Singh Mangat with certain directions. The interim orders stand vacated, and all pending interlocutory applications stand closed.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk6/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

With Reference to the announcement made by the company on 14th July 2026 under the category Corporate Insolvency Resolution Process Company is hereby submitting Corrigendum along with Revised Announcement.

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SIMBHALS_15072026165516_Revised_Announcement_-_Corrigendum.pdf

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SIMBHAOLI SUGARS 15 July, 2026 The National Stock Exchange of India Limited, Department of Corporate Services, Exchange Plaza, Bombay Stock Exchange Limited, Bandra – Kurla Complex, Phiroze Jeejeebhoy Towers, Symbol – SIMBHALS Scrip Code – 539742 Mumbai – 400051 Dalal Street, Fort Mumbai – 400001 Subject: Corrigendum on Announcement made on 14th July 2026 14th July 2026 Corporate Insolvency Resolution Process (CIRP) – Updates – Corporate Insolvency Resolution With reference to the announcement made by the Company on under the category Process (CIRP) Ms. Gursimran Kaur Mann (One of the Promoters) Mr. Surender Pal Singh Mangat regarding submission of the copy of the Hon'ble NCLAT judgment pronounced in the (Farmer) appeal �iled by and , the Company wishes to clarify the following: Due to an inadvertent typographical error, the year mentioned in the announcement was incorrectly stated as 25 July 2026. The Corrected details are as follows: Link of Announcement requiring Incorrect Year Correct Year to be read Corrigendum (as per previous as mentioned as Announcement) below 25th July 2024 https://www.bseindia.com/xml- 25 July 2026 data/corp�iling/AttachLive/19042fd9- 71f3-4b69-9f57-585c6af9b83c.pdf The Company con�irms that the Original Announcement was submitted within the prescribed timeline of 24 hours from the occurrence of the event, in compliance with the SEBI (Listing 4. TOhbleigreat iiso nnso a cnhda Dnigsec lions uthree Rcoeqnuteirnetms eonf ttsh)e R aengunloautinocnesm, 2e0n1t5 d. ated 14th July 2026, except for the correction mentioned in Point No. 2 above. Copy of Revised Announcement enclosed herewith. FKoinr dSyi mTabkhe aaobloiv Se uogna rresc Lorimd ited (Under Corporate Insolvency Resolution Process) (Jagriti Sharma) Company Secretary and 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 dated 13th July 2026 vacated Stay. Copy of Order/Judgement 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 www.simbhaolisugars.com Specialty Sugars Potable Alcohol Ethanol Power SIMBHAOLI SUGARS 15th July, 2026 To, To, The National Stock Exchange of India Limited, Department of Corporate Services, Exchange Plaza, Bombay Stock Exchange Limited, Bandra – Kurla Complex, Phiroze Jeejeebhoy Towers, Mumbai – 400051 Dalal Street, Fort Mumbai – 400001 Symbol – SIMBHALS Scrip Code – 539742 Subject: Intimation on the Judgment of the Hon’ble NCLAT in respect of the Corporate Insolvency Resolution Process of Simbhaoli Sugars Limited Ref: Update on Company’s Announcement dated 25th July 2024 regarding the Stay on the Corporate Insolvency Resolution Process (“CIRP”) of Simbhaoli Sugars Limited. Link of the Announcement made on 25th July, 2024: https://www.bseindia.com/xml- data/corpfiling/AttachHis/3b61b241-fc98-45e6-8095-e70f58501db2.pdf Pursuant to Regulation 30 read with Schedule III, Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in continuation of the Company’s earlier announcement dated 25th July 2024, This is to inform you that the Hon’ble National Company Law Appellate Tribunal (“NCLAT”), New Delhi, has pronounced its judgment on 13th July 2026 in the appeals relating to the Corporate Insolvency Resolution Process (“CIRP”) of Simbhaoli Sugars Limited. The Hon’ble NCLAT has dismissed the appeal filed by Ms. Gursimran Kaur Mann, one of the promoters of the Company, and disposed of the appeal filed by Mr. Surender Pal Singh Mangat (Farmer) with certain directions. Consequently, all interim orders stand vacated. All pending interlocutory applications, if any, stand closed. There is no order as to costs. A copy of the judgment of the Hon’ble NCLAT is enclosed herewith for the information of the shareholders and other stakeholders. Kindly take the above information on record. For Simbhaoli Sugars Limited (Under Corporate Insolvency Resolution Process) (Jagriti Sharma) Company Secretary and 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 dated 13th July 2026 vacated Stay. Copy of Order/Judgement 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 www.simbhaolisugars.com Specialty Sugars Potable Alcohol Ethanol Power NATIONAL COMPANY LAW APPELLATE TRIBUNAL PRINCIPAL BENCH, NEW DELHI Company Appeal (AT) (Insolvency) No. 1404 of 2024 & I.A. No. 4906, 6157, 7773 of 2025 [Arising out of order dated 11.07.2024 passed by the National Company Law Tribunal, Allahabad Bench, Prayagraj in CP (IB) No. 331/ALD/2018] In the matter of: Surender Pal Singh Mangat. S/o Sh. Channan Mangat, aged about 54years, r/o Village Makhanpur, Khampur Makhanpur, Hapur Jharina, Uttar Pradesh 245205. ……….Appellant Versus 1. Oriental Bank of Commerce (Now Punjab National Bank) Through Authorised Representative Having its Head Office At: Plot No.4, Sector 10, Dwarka, New Delhi-110075. Having its Branch At: Hapur, Garh Road, District Hapur-UP. 2. Mr. Anurag Goel as Interim Resolution Professional. IBBI/IPA-001/IP-P00876/2017- 2018/11460, R/o 10/349, 1st Floor, Sundar Vihar, Paschim Vihar, New Delhi, 110087. 3. District Magistrate, Hapur Ms. Prerna Sharma, DM Office Hapur, HPDA Scheme, Anand Vihar, Hapur, Uttar Pradesh 245101. 4. District Magistrate, Bahraich Ms. Monika Rani, Collectorate Office, SH 13, Kapoorthala, Brahmnipura Bahraich, Uttar Pradesh 271801. 5. Commissioner of Cane and Sugar, Uttar Pradesh Mr. Prabhu N. Singh, Cane Commissioner Office, Lucknow Uttar Pradesh 226001. ………Respondents Present For Appellant : Mr. Akash Jain, Ms. Abhipsa Sahu, Advocates. Ms. Kritika Goyal, Mr. Lakshya Sachdeva, Advocates for applicant in IA 6653/25. For Respondents : Mr. Gopal Jain, Sr. Advocate, Mr. Divyam Agarwal, Mr. Mayank Ratnaparkhe, Ms. Priya Chauhan, Advocates for SBI. Mr. Shivam Shukla, Advocate for R- 3, 4, 5. Mr. Anant Merathia, Mr. A. Goel, Advocates for IRP. Ms. Ekta Choudhary, Ms. Rushali Sikand for CFM ARC (Intervener). WITH Company Appeal (AT) (Insolvency) No. 1405 of 2024 & I.A. No. 6158, 7762, 7772 of 2025 [Arising out of order dated 11.07.2024 passed by the National Company Law Tribunal, Allahabad Bench, Prayagraj in CP (IB) No. 331/ALD/2018] In the matter of: Gursimran Kaur Mann D/o Gurmit Singh Mann Having office at: A 112, Sector 63, Noida 201307 ……….Appellant Versus 1. Oriental Bank of Commerce (Now Punjab Natio [Showing first 8,000 characters — download PDF for full document]