Results- Financial Results for September 30, 2026

RIGA SUGAR CO LTD (Wholly owned subsidiary of Nirani Sugars Limited) CIN: L1 5421WB1980PLC032970 Website: www.rigasugar.com November 07, 2026 Listing Department BSE Limited Scrip Code: 507508 Sub: Outcome of the Board Meeting Dear Sir/ Madam, Pursuant to Regulation 30 read with Regulation 33 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations"), we wish to inform you that the meeting of Board of Directors of Riga Sugar Co. Ltd ("the Company"), was held today, i.e. Saturday, November 07, 2026 The Board of Directors, on the recommendation of the Audit Committee, considered and approved the Unaudited Standalone Financial Results of the Company for the quarter and half year ended September 30, 2026, together with the Limited Review Report thereon issued by the Statutory Auditors of the Company, M/s YCRJ & Associates, Chartered Accountants (Firm Registration No. 0069275). The Statutory Auditors have expressed an unmodified conclusion on the said results. A copy of the Unaudited Financial Results along with the Limited Review Report is enclosed herewith as Annexure A. The meeting of the Board of Directors commenced at 01:00 pm and concluded at 01:28 pm. The above information is also being made available on the website of the Company at www.rigasugar.com. We request you to kindly take the above information on record. Thanking you, Yours faithfully, For Riga Sugar Co. Limited VISHAL Digitally signed by VISHAL NIRANI NIRANI Date: 2026.11.07 14:00:21 +05'30' Vishal Nirani Managing Director DIN:08434032 Encl.: As above Registered Office Corporate Office 14 Netaji Subhas Road, 2nd Floor, PS Hare Street, #S-904, 9th Floor, World Trade Centre, Brigade Gateway Kolkata, West Bengal, India, 700001 Tel: 9766057999 Campus, Rajajinagar, Karnataka, lndia-560055 Email: riqa.cgm@niraniqroups.com Tel: 080-232 56500 I 23256500 I Email: ho@niraniqroups.com Annexure A Independent Auditor’s Limited Review Report on the Unaudited Standalone Financial Results for the Quarter and year to date ended 30th September 2026 pursuant to the requirement of Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. TO THE BOARD OF DIRECTORS OF RIGA SUGAR CO. LIMITED 1. We have reviewed the accompanying statement of unaudited standalone financial results (“the Statement”) of RIGA SUGAR CO. LIMITED (“the Company”) for the quarter ended 30th September, 2026 and the year to date results for the period from 01st April 2026 to 30th September 2026, attached herewith, being submitted by the Company pursuant to the requirement of Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Regulation”) as amended including relevant circulars issued by the SEBI from time to time. 2. This statement, which is the responsibility of the Company’s Management and approved by the Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (“Ind AS 34”), “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to express a 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. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 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 applicable Indian Accounting Standards, (“Ind AS”), specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued there under and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Regulation 33 and 52 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 YCRJ & ASSOCIATES Chartered Accountants Firm Registration Number: 006927S CA Gurubasava R Tumbaraguddi Partner Membership No: 238987 UDIN: 26238987NHDUDM8032 Place: Dharwad Date: 07-11-2026 RIGA SUGAR CO. LIMITED Regd. Office: 2nd Floor, 14 Netaji Subhas Road, Kolkata, West Bengal, 700001 | CIN: L15421WB1980PLC032970 | ISIN: INE909C01010 | BSE Scrip Code: 507508 UNAUDITED BALANCE SHEET AS AT 30TH SEPTEMBER, 2026 (Rs.in lakhs unless otherwise stated) Sr No. Particulars Note No. As at 30th September, 2026 As at 31st March, 2026 I. ASSETS ( 1) Non - current assets (a) Property, Plant and Equipment 3 2 7,911.84 2 8,148.72 (b) Intangible assets 4 17.53 8.12 (c) Capital Work in Progress 2 14.39 (d) Financial assets (i) Other Financial Assets 5 - - (e) Deferred tax assets (net) 6 2,972.01 3,017.69 Total Non - current assets 3 1,115.78 3 1,174.52 ( 2) Current assets (a) Inventories 7 3,920.64 7,152.19 (b) Financial assets (i) Trade receivables - - (ii) Cash and cash equivalents 8 2.66 45.94 (c) Other Current Assets 9 8 84.76 7 67.70 Total Current assets 4,808.06 7,965.82 Total Assets 3 5,923.84 3 9,140.34 II. EQUITY AND LIABILITIES ( 1) Equity (a) Equity Share capital 10 1,444.34 1,444.34 (b) Other equity 11 2 3,626.64 2 5,129.87 Total equity 2 5,070.98 2 6,574.21 Liabilities ( 2) Non - current liabilities (a) Provisions 12 8.91 8.91 Total Non - current liabilities 8.91 8.91 ( 3) Current liabilities (a) Financial liabilities (i) Short Term Borrowings 13 8,134.99 7,661.33 (ii) Trade payables 14 a)Total outstanding dues of micro enterprises and small enterprises - 2 08.92 b)Total outstanding dues of creditors others than micro enterprises and small enterprises 2,562.10 4,506.34 (b) Provisions 15 0.03 0.03 (c) Other current liabilities 16 1 46.84 1 80.59 Total Current liabilities 1 0,843.95 1 2,557.22 Total Equity and Liabilities 3 5,923.84 3 9,140.34 Significant accounting policies and estimates 1 &2 - The accompanying notes 1 to 42 are an integral part of the financial statement. For and on behalf of the Board of Directors Vishal Nirani Managing Director DIN: 08434032 Place: Bengaluru Date: November 07, 2026 RIGA SUGAR CO. LIMITED Regd. Office: 2nd Floor, 14 Netaji Subhas Road, Kolkata, West Bengal, 700001 | CIN: L15421WB1980PLC032970 | ISIN: INE909C01010 | BSE Scrip Code: 507508 UNAUDITED CASH FLOW STATEMENT FOR THE PERIOD ENDED 30TH SEPTEMBER 2026 (Rs.in lakhs unless otherwise stated) SR. NO. PARTICULARS As at 30th September, 2026 As at 30th September, 2025 A Cash Flow From Operating Activities I Net Profit Before Tax (PBT) (1,457.54) (484.76) II Adjustments for non cash/ non trade items: 1 Depreciation 358.18 267.76 2 Amortization - - 3 Interest Expense 457.21 - 4 Profit of sale of Fixed Assets - - 5 Provision for Gratuity - - 5 Consumption of Stores and spares taken over - - III Operating profit before Working Capital Changes (642.16) (217.01) IV Adjustments For: 1 Increase (Decrease) in trade payables (2,153.15) 1,164.73 2 (Increase)/Decrease in Other Financial Liabilities - - 3 Increase/ ( Decrease) in Other Current Liabilities (33.78) (56.34) 4 (Increase)/Decrease in Inventories 3,231.55 (71.86) 5 (Increase)/Decrease in [Showing first 8,000 characters — download PDF for full document]