Unaudited Financial Result for Quarter ended on 30/09/2026

SBEC SUGAR LIMITED UMESH MODI To 13.11.2026 The Manager BSE Limited 25 Floor, P.J . Tower , Dalal Street, Mumbai-400001 Sub:- Outcome of the Board Meeting as per Regulation 30, SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 Scrip Code: 532102 Dear Sir(s), We would like to inform you that the Board of Directors (“the Board”) of the Company at its Meeting held today i.e. November 13, 2026 inter-alia has approved the following:- 1. Un-Audited Financial Results (Standalone & Consolidated) for the quarter and half year ended September 30, 2026 along with Limited Review Report thereon under Regulations 33(3)(d) of SEBI (LODR), Regulations, 2015. 2. Approval of the Appointment of Company Secretary and Compliance Officer. (Intimation already filed on BSE dated 11/11/2026 regarding appointment of Company Secretary). 3. Authorisation of Key Managerial Personnel to determine materiality of an event/information. (Annexure-l) The meeting commenced at 3:15 PM and concluded at 3:40 PM You are requested to take on record the above for your reference and record. Thanking You, Yours Faithfully For SBEC SUGAR Limited . Oigtaly sgnedby An KumaGorel Anil Kumar stz posalCocde-201204,5t-Utar Pracesh, SeraNumber—Gbec25b0H76e1a2 T TcesdBBAss 91068 Goel etey o Anil Kumar Goel Chief Financial Officer LOYAN. MALAKPUR, BARAUT, DISTT. BAGH 0123 REGD. OFFICE : \ s 259208, 259273 CIN:L1 1PLCO19160 E-mail - investors@sbecsu admin malakpur@st igar.com SBEC SUGAR LIMITED UMESH MODI Annexure- | Under Regulation 30 of the Sebi (LODR) Regulations, 2015 Sr. No. | Key Managerial Designation | Contact No. Email Id Personnel 1. MR. A. K. GOEL Chief Financial |011- 42504698 akgoel@bsil.org.in Officer 2 Mr. ALOK KUMAR Company 011-42504878 Secretary and investors@sbecsugar. ICompliance com Officer 3. MR. VIPIN KUMAR Whole Time 01234-239203 Director ipinkumar@sbecsug jar.com REGD. OFFICE : VILLAG OYAN, MALAKPUR, BARAUT, DISTT. BAGHPAT-250 61 1(U.P.) TEL.: 01234-2592086, 259273 CIN : L1542 PLC019160 E-mail . investors@sbecsugar.com, admin.malakpur@sbecsugar.com DOOGAR & ASSOCIATES Chartered Accountants INDEPENDENT AUDITOR’S REVIEW REPORT ON STANDALONE UNAUDITED QUARTERLY AND YEAR TO DATE FINANCIAL RESULTS OF THE COMPANY PURSUANT TO THE REGULATION 33 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015, AS AMENED TO THE BOARD OF DIRECTORS OF SBEC Sugar Limited 1. We have reviewed the accompanying statement of unaudited Standalone financial results of SBEC SUGAR LTD {"the Company") for the quarter and half year ended 30" September 2026, Statement of assets and liabilities as at 30" September, 2026 and Statement of Cash flows for the period ended 30" . September 2026 attached herewith, being submitted by the company pursuant to the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘the regulation’) as amended, read with SEBI Circular No. CIR/CFD/CMD/180/2019 dated 19th July, 2019 (‘the Circular) and amendment thereto. ) 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 the Indian Accounting Standard 34 “Interim Financial Reporting” ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013and rules thereunder, requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201S, 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 (ICAI). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are 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 opinion. 4. Basis of qualified conclusion a) During the quarter and six months period ended 30th September, 2026, the Company has not made provision for interest on late payment of cane dues amounting to Rs229.95 lacs and Rs1006.10 lacs, respectively for the sugar season 2025-26. Had the company made provisions, the loss for half year ended would have been higher by Rs1006.10 lacs and its consequential impact on EPS, b) The company has valued the closing stock at NRV instead of “the lower of cost and net realisable value” as required under IND AS-2 "Inventories”. Since the NRV is higher than cost this has resulted in overstatement of Inventories (Finished Goods and WIP-Sugar) by Rs. 221.49 lacs understatement of loss for the halfy ear by Rs 221.49 lacs and its consequential impact on EPS. 5. Based on our review conducted except for the possible effects of the matters described in the “Basis of qualified conclusion” in para 4 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 Standard 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) Regulation, 2015, as amended, including the manner in which is to be disclosed, or that it contains any material misstatement. 13, Community Centre, East of Kailash, New Delhi - 110085, PHONES : 416213% E-mail : doogarco@hotmail.com DOOGAR & ASSOCIATES CHARTERED ACCOUNTANTS 6. Emphasis of Matter Attention is invited to note no (d) of the standalone unaudited financial statement regarding interest payment on cane dues where the High Court vide its order dated 9th March, 2017 has set aside the decision of State Government for the waiver of Interest for the year 2012-13, 2013-14 and 2014-15 and asked the Cane Commissioner 1o take a final call in the matter, pending final order the Company has not made provision for interest, on the late payment of cane dues for years 2012-13, 2013-14 and 2014-15. The Hon'ble Supreme Court vide its order dated 23.04.2018 has upheld the Hon'ble High Court order dated 9th March, 2017.The matter is still sub-judice. Under the power vested with the Cane Commissioner (U.P.) for waiver of interest under UP Sugar Cane (Regulation of Supply & Purchase) Act,1953 in respect of loss making/sick companies, the company had made an application to Cane Commissioner (U.P.) for waiver of interest on cane dues. Pending receipt of the Cane Commissioner's decision, no interest has been provided on the cane dues. The company has decided to account for the same upon decision in the matter/payment. Our conclusion is not qualified in respect of matter mentioned above. For Doogar & Associates Chartered Accountants Firm Registration No. 000561N Mukesh Goyal Partner M. No. 081810 UDIN: 26081810KXQFPZ8335 Place: New Delhi Date: 13.11.2026 CONTINUATION SHEET. SBEC SUGAR LIMITED Corporate Identification Number (CIN) : L15421UP1991PLC019160 Office : Village Loyan Malakpur, Tehsil Baraut, Distt. Baghpat, Uttar Pradesh - 250611 Standalone unaudited Financial Results for the Quarter and half Year Endod 30th Septomber, 2026 (Rs. in Lakhs) ARTER ENDED Half Year Ended Yoar Ended S.No. Particulars 3 U0 n. a0 u9 d.2 i0 t2 e6 d| _ _3 U0- n0 a6 u- d2 i0 t26 e_ d| 3 U0 n. a0 u9 d. i2 t0 e2 d5 | 3 U0 n- a0 u9 d- i2 t0 e2 d6 | 3 U0 n- a0 u9 d- i2 t0 e2 d5 || 3 1 A. u0 d3 i- t2 e0 d2 6 1510297 087658 | 1467160 | 2497955 | 26609.79 | 53516.06 I |[Revenue from operations 523 5851 3 [Showing first 8,000 characters — download PDF for full document]