Reply to Clarification- Financial results

SIMBHAOLI SUGARS Ref: SSL/Stock Exchange/IRP/2026-27 May 29, 2026 BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra – Kurla Complex, Dalal Street, Fort Mumbai Mumbai - 400051 Fax No. 022-22721072/2037/2041 Fax No. 022-26598237/38 Scrip Code: BSE – 539742 Symbol: NSE – SIMBHALS Sub: Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), Outcome of the Interim Resolution Professional (IRP) convened meeting held on May 29, 2026 (Today) Dear Sir/Ma’am, It is hereby to inform you that the meeting convened by Interim Resolution Professional (IRP) today i.e., Friday, May 29, 2026, which commenced at 02:30 P.M. and concluded at 05.25 P.M., the following items were discussed, approved and taken note: 1. Appointment of Cost Auditor M/s Cheena & Associates, Cost Accountants, has been appointed as Cost Auditor of the Company for conducting the cost audit (Sugar and Distillery) for the Financial Year 2025-26, The Appointment and Remuneration payable to M/s Cheena & Associates have been approved by Senior Management and IRP in exercising powers of suspended board under section 17 of IBC, 2016 to ensure compliance with applicable statutory requirement during CIRP period and the same shall be placed for ratification before Committee of Creditors (COC) as and when formed and subject to approval by shareholders at the ensuing Annual General Meeting. Requisite details as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 (“SEBI Master Circular”) are enclosed as Annexure I. 2. Appointment of Secretarial Auditor M/s Amit Gupta & Associates, Company Secretaries, FRN: P2025UP103200 & Peer Review Certificate No. 2600/2022, appointed as Secretarial Auditor of the Company for a period of five consecutive years from FY 2025-26 till FY 2029-30. The Appointment of Amit Gupta & Associates, Company Secretaries have been approved by Senior Management and IRP in exercising powers of suspended board under section 17 of IBC, 2016 to ensure compliance with applicable statutory requirement during CIRP period and the same shall be placed for ratification before Committee of Creditors (COC) as and when formed and subject to approval by shareholders at the ensuing Annual General Meeting Requisite details as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 (“SEBI Master Circular”) are enclosed as Annexure II. 3. Consolidated Unaudited Financial Results for quarter ended on June 30, 2025 were considered, approved by CFO and taken on record by IRP. The copies of the aforesaid Financial Result along with Limited Review Report of Auditors thereon are attached herewith. 4. Consolidated Unaudited Financial Results for quarter ended on September 30, 2025 were considered,approved by CFO and taken on record by IRP. The copies of the aforesaid Financial Result along with Limited Review Report of Auditors thereon are attached herewith. 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 5. Consolidated Unaudited Financial Results for quarter ended on December 31, 2025 were considered, approved by CFO and taken on record by IRP. The copies of the aforesaid Financial Result along with Limited Review Report of Auditors thereon are attached herewith. 6. Audited Standalone Financial Results for the quarter and year ended on March 31, 2026 were considered and Approved by CFO and taken on record by IRP. The copies of the aforesaid Financial Result along with Independent Auditor’s Report thereon is attached herewith.(Consolidated Results will be shared Thanking You. Yours Faithfully, For SIMBHAOLI SUGARS LIMITED (Jagriti Sharma) Company Secretary & 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, Company CIRP process is under Stay vide order dated 24th July, 2024 by Hon’ble National Company Law Appellate Tribunal, New Delhi. Copy of Order 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 I www.simbhaolisugars.com Specialty Sugars Potable Alcohol Ethanol Power SIMBHAOLI SUGARS Annexure – I Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026: Sr. Disclosure of Requirement Details 1. Reason for change viz. appointment, Appointment of M/s Cheena & Associates for resignation, cessation, removal, death conducting Cost Audit for the Financial Year or otherwise 2025-26 2. Date of appointment/ cessation (as Date of Appointment - May 29, 2026 applicable) & term of appointment Term of Appointment – Appointment includes conducting Cost Audit for both Sugar & Distillery units of Simbhaoli Sugars Limited for the Financial Year 2025-26. The Appointment and Remuneration payable to M/s Cheena & Associates shall be placed before Committee of Creditors for ratification and subject to approval by shareholders at the ensuing Annual General Meeting. 3. Brief Profile Cheena & Associates is a firm of Cost (in case of Appointment) Accountants based in New Delhi. The firm is Member of The Institute of Cost Accountants of India, Statutory Body established under the Cost Accountant Act 1959. We are in practice from more than 14 years in the field of Maintenance of Cost Records, Cost Audit Report, Cost Compliance Reports, Income Tax Cases, Stock & Inventory Audit, GST Consultancy, GST Audit, NCLT/NCLAT Matters, Internal Audit and Business and other Valuation Company Laws & Indirect Taxes like VAT, Excise etc. The firm is backed by well experienced, committed and dedicated team. Firm is empanelled with the Bank as Stock Auditors. 4. Disclosure of relationship between Not Applicable Directors (in case of Appointment of Director) 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, Company CIRP process is under Stay vide order dated 24th July, 2024 by Hon’ble National Company Law Appellate Tribunal, New Delhi. Copy of Order 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 [Showing first 8,000 characters — download PDF for full document]