Financial Result for the Quarter and Half Year Ended on 30th September 2026

KIRTANE & PANDIT Chartered Accountants Pune I Mumbai I Nashik I Bengaluru I Hyderabad I New Delhi I Chennai Independent Auditor's Review Report on Unaudited Financial Results of The Ugar Sugar Works Limited for Quarter and Half Year ended September 30, 2026 (Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended) Review Report To The Board of Directors The Ugar Sugar Works Limited 1. We have reviewed the accompanying statement of unaudited financial results of The Ugar Sugar Works Limited (the "Company") for the quarter and half year ended September 30, 2026 ("the Statement") attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. This statement, which is the responsibility of the Company's Management and has been approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 ("the Act") as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express 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. A review of interim financial information consists of making inquiries, primarily of pe~sons 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. r - 5th Floor. Wing A. Gopal House, S.No. 127/lB/1. Plot Al. Kothrud. Pune - 411 038. India +9l 20 67295100. 25433104 kpca@lkirtanepandit.com C!) wwwkirtanepandit.com Independent Auditor's Review Report on Unaudited Financial Results of The Ugar Sugar Works Limited for the Quarter and Half Year ended September 30, 2026 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 Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Kirtane & Pandit LLP Chartered Accountants Firm Registration No.105215W/W100057 ,,.-- ~·· Suhrud Lele Partner Membership No.: 12116~ UDIN: 2612\ 16"2.kkut©D\/7766 Place: Ugar Khurd Date: October 27, 2026 Kirtane & Pandit LLP Page 2 of 2 Chartered Accountants THE UGAR SUGAR WORKS LIMITED CIN : l15421PN1939PLC006738 Regd. Office: Mahaveernagar, Sangli 416416 Administrative Offices: Ugarkhurd 591316 (Dist. Belagavi) Factories: Ugarkhurd (Dist. Belagavi) and Nagarhalli-Malli Village (Dist. Kalburgi) PARTI (Rs. in Lakhs) STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER/HALF YEAR ENDED 30th SEPTEMBER 2026 Particulars <--Quarter Ended --> For the Half Year Ended Year Ended f 3C>-09·2026 30-06-2026 3()-09.2025 30-09-2026 3()-09.20~ I" ~,1-oHo26 . (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited{ '!'.'(Audited); 1. Revenue from Operations Sales/ Income from Operations 34,999.84 48,093.55 42,526.37 83,093.39 78,914.48 1,51,509.34 2. Other Income 317.89 200.01 229.27 517.90 339.07 751.68 3. Total Income (1 + 2) 35,317.73 48,293.56 42,755.64 83,611.29 79,253.55 1,52,261.02 4. Expenses (a) Cost of materials consumed 7,195.39 12,449.66 14,836.58 19,645.05 33,469.17 1,32,7 70.40 (b) Other Manufacturing Expenses 2,643.31 1,280.16 3,371.96 3,923.47 5,716.24 10,529.45 (c) Purchase of Stock in trade 579.92 756.46 603.40 1,336.38 1,287.86 4,315.25 (d) Change in inventories of finished goods, work-in- 22,907.64 28,123.80 21,303.20 51,031.44 32,250.51 (21,498.38) progress and stock-in-trade (e) Employee benefit expenses 1,720.11 1,806.85 1,861.51 3,526.96 3,713.13 8,927.25 (f) Finance costs 1,631.42 1,847.02 1,771.77 3,478.44 3,158.91 6,107.30 (g) Depreciation & amortisation expense 923.67 921.88 720.13 1,845.55 1,384.33 3,323.86 (h) Excise Duty on Sales 180.33 305.17 787.76 485.50 1,541.82 3,083.44 (i) Other expenses 785.79 699.00 668.69 1,484.79 1,311.59 3,028.94 Total Expenses 38,567.58 48,190.00 45,925.01 86,757.58 83,833.57 1,50,587.51 5. Profit (Loss) before tax (3 -4) (3,249.85) 103.56 (3,169.36) {3,146.29) (4,580.01) 1,673.51 6. Tax Expense Current Tax - - - - - - Deferred Tax 87.46 (45.47) 48.03 41.99 10.67 312.31 Short/ Excess Provisions - - - - - - Total Tax Expense 87.46 (45.47) 48.03 41.99 10.67 312.31 7. Profit (Loss) after Tax (5 -6) {3,337.31) 149.03 (3,217.39) (3,188.28) (4,590.68) 1,361.20 8. Other Comprehensive Income Total Other Comprehensive Income, Net of Tax 173.40 (115.48) 137.66 57.93 149.81 (406.96) (Item that will not be reclassified to Profit or Loss Net of Income Tax) 9. Total Comprehensive income for the period (3,163.91) 33.55 (3,079.73) (3,130.35) (4,440.87) 1,768.16 10. Paid-up equity share capital (Face Value per Share - Re. 1) 1,125.00 1,125.00 1,125.00 1,125.00 1,125.00 1,125.00 11. Other Equity Rs.22243.26 Lakhs -31.03.2026 - - - - 12. Earnings per share of Re. 1 (Not Annualised) Rs. Rs. Rs. Rs. Rs. Rs. Basic & Diluted (2.97) 0.13 (2.86) (2.83) (4.08) 1.21 THE UGAR SUGAR WORKS LIMITED CIN : l15421PN1939PLC006738 Regd. Office: Mahaveernagar, Sangli 416416 Administrative Offices: Ugarkhurd 591316 (Dist. Belagavi) Factories: Ugarkhurd (Dist. Belagavi) and Nagarhalli-Malli Village (Dist. Kalburgi) PARTII (Rs. in Lakhs) STATEMENT OF UNAUDITED SEGMENT-WISE REVENUE, RESULTS, ASSETS & LIABILITIES FOR THE QUARTER/HALF YEAR ENDED 30th SEPTEMBER 2026 I Particulars <--Quarter Ended --> For the Half Year Ended Year Ended I, 30-09-2026 , 3()-06-2026.• . 30-09-,2(>~,·;, 30-09-202i 30-09-~~~ ltit~\ (Unaudited) (Unaudited) (Unaudited) · ; (Unaudited{ ·····(Unaudited} 1. Segment Revenue a. Sugar 21,368.16 27,852.94 15,862.02 49,221.10 29,178.20 82,366.63 b. Co-generation 1,764.00 2,235.10 2,796.17 3,999.10 5,224.46 19,310.87 C. Industrial Alcohol 13,479.32 20,204.80 25,417.38 33,684.12 47,392.32 78,862.62 d. Potable Alcohol 211.43 365.02 897.88 576.45 1,831.22 3,621.87 e. Unallocated 595.91 780.85 621.02 1,376.76 1,326.00 4,409.34 Total 37,418.82 51,438.71 45,594.47 88,857.53 84,952.20 1,88,571.33 Less: lntersegment Revenue 2,418.98 3,345.16 3,068.10 5,764.14 6,037.72 37,061.99 Net Sales/ Income from Operations 34,999.84 48,093.55 42,526.37 83,093.39 78,914.48 1,51,509.34 2. Segment Results Profit/ (Loss) before interest & tax a. Sugar 641.13 390.94 (1,148.79) 1,032.07 (1,423.28) 8,036.62 b. Co-generation (505.94) (895.53) 274.91 (1,401.47) (134.94) 2,471.49 c. Industrial Alcohol (746.34) 3,501.80 619.48 2,755.46 2,369.29 2,026.67 d. Potable Alcohol (50.86) (10.99) (92.35) (61.85) (132.95) (324.93) e. Unallocated 5.56 15.28 8.23 20.84 18.70 73.09 Total (656.45) 3,001.50 (338.52) 2,345.05 696.82 12,282.94 Less: i. Finance Cost 1,631.42 1,847.02 1,771.77 3,478.44 3,158.91 6,107.30 ii. Other Unallocable Expenditure 1,279.87 1,250.93 1,288.34 2,530.80 2,456.99 5,253. [Showing first 8,000 characters — download PDF for full document]