Fraud/Default/Arrest

SIMBHAOLI SUGARS 3rd 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 Sub: Letters received from Punjab National Bank - Intimation in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 With reference to the above, this disclosure is being made pursuant to sub-clause 6 under Clause A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This is to inform you that Company has received letters from Punjab National Bank, Stating that sufficient reason has not been provided by the Company on i) Misappropriation of Funds & Criminal breach of Trust ii) Forgery with the intention to commit fraud by making any false documents/electronic. Accordingly, The Bank has decided to declare the loan account as “Fraud” Pursuant to Regulation 30 of the Listing Regulations read with SEBI Circular SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023, the requisite disclosure is set out in Annexure A to this letter. A copy of the letter received by the Company is attached herewith as Annexure B for your ready reference. You are requested to kindly take the above information on record. Thanking You, For Simbhaoli Sugars Limited Ms. Jagriti Sharma Company Secretary and Compliance Officer F11456 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 SIMBHAOLI SUGARS Annexure A Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 Disclosure regarding letter received from Punjab National Bank classifying accounts of Company (Simbhaoli sugars Limited) as “fraud” (“Letter”). Sr. Particulars Details of Simbhaoli Sugars Limited 1 Nature of Loan accounts classified as fraud fraud/default/arrest 1) Misappropriation of funds & Criminal breach of trust. 2) Cheating by concealment of facts with the intention to deceive a person. 2 Estimated impact Simbhaoli Sugars Limited is presently undergoing Corporate Insolvency on the listed entity Resolution Process (CIRP) with effect from July 11, 2024, under the provisions of the Insolvency and Bankruptcy Code, 2016. With effect from July 11, 2024, as per provisions of Section 17(1) (a) & (b) of the Insolvency and Bankruptcy Code, 2016 (IBC), the management of the affairs of SSL is vested with the Interim Resolution Professional (IRP) and the powers of the Board of directors have been suspended and are being exercised by the IRP. The Hon’ble NCLT, Allahabad bench had appointed Mr. Anurag Goel, as IRP of the Company. Currently the matter has been reserved for order by the Hon’ble NCLAT vide order dated 13.05.2026. The Credit facilities/loans referred to in the letter pertain to the period prior to the CIRP of the Company. Further, during the CIRP, Company is inter alia protected from the institution/ continuation of any suits/ proceedings against the Company, including the execution of any judgement, decree or order in any court of law, tribunal, arbitration panel or other authority in light of Section 14(1)(a) of the Code. Section 32A of the Insolvency Bankruptcy Code in any case grants protection to a corporate debtor against any liability for an offence committed by the corporate debtor prior to the commencement of its CIRP, as well as from prosecution of any offence in relation thereto, from the date the resolution plan in respect of such corporate debtor has been approved by the National Company Law Tribunal (“NCLT”) under Section 31 of the Code (if the resolution plan results in the change in the management or control of the corporate debtor in the manner prescribed under Section 32A of the Code). To that extent, it may be noted that by virtue of the protection made available under Section 32A of the Code, upon the approval of the resolution plan in respect of the Company by the NCLT, the Company shall be deemed to have immunity against any liability for any purported offences committed by the Company prior to the commencement of the CIRP (including any liability which may arise as a result of any unlawful transactions identified in the forensic audit). 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 SIMBHAOLI SUGARS Further, under Section 238 of the Code, the provisions of the Code override anything inconsistent contained in any other law. In view of above, the Fraud classification is not expected to have any material impact on the Company. Further to above, Classification of Fraud was in pursuance to second review done by member Lender Bank after directions being issued by Courts & RBI to Lenders in all cases. It is submitted that the account had already been classified as fraud in an earlier year, pursuance to which CBI Complaint was filed by Lender Bank on which proceedings under PMLA are underway. 3 Time of Letter from PNB dated April 20, 2026, Occurrence Received on April 30, 2026. 4 Persons Involved M/s Simbhaoli Sugars Limited (Company) Shri Gurmeet Singh Mann (Chairman & MD) Shri Gurpal Singh (Dy. MD) Smt. Gursimran Kaur Mann (ED) Shri G.S.C. Rao (Ex-CEO), ceased to be CEO w.e.f. 11th Sep,2013 Shri Sanjay Tapriya (Ex-CFO), ceased to be CFO w.e.f.31st October, 2021 5 Estimated Amount As specified in the Letter annexed at Annexure B Involved 6 Whether such Punjab National Bank shall be taking further course of action to report the fraud/default/arrest fraud classification to the Reserve Bank of India (RBI) as per the directions has been reported contained in the RBI Master Directions/ circulars issued from time to time, to appropriate in this regard. authorities For Simbhaoli Sugars Limited Sh. Dayal Chand Popli Chief Financial Officer PAN : AAZPP6796M 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 Annexure B