The audited financial results for the quarter and year ended March 31, 2026, were announced during the Board Meeting held on May 16, 2026. The company reported a net profit/loss for the period, which is subject to the comments in the audit report regarding the company’s financial position and the impact of audit qualifications. The following table provides a comparative analysis of the financial performance (amounts in Lakhs, as per the audit report):

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Dharani Sugars and Chemicals Limited, incorporated in 1987, is an Indian public company engaged in the sugar, power co-generation, and distillery product segments. The company is headquartered in Chennai and maintains manufacturing units in Tamil Nadu. In 2025 and early 2026, the company faced significant financial challenges, including issues related to the Master Restructuring Agreement (MRA) with the National Asset Reconstruction Company Limited (NARCL) and mounting debt. As of December 31, 2025, the company had negative net worth, and it has been working on revival plans to recommence commercial operations. The company has also been dealing with legal notices regarding non-compliances under the MRA, such as failure to allot committed equity shares to NARCL and outstanding financial defaults.

The company’s business activities have been affected by liquidity issues, leading to the temporary closure of its manufacturing plants and delays in payments of statutory dues. In 2025, the company’s financial performance remained strained, with persistent net losses reported across several quarters. As of the quarter ended December 31, 2025, the company reported a net loss of Rs 20.28 crore, reflecting the ongoing financial distress and the challenges in its operations. The company’s promoters, including Dr. Palani G. Periasamy and his family, along with group entities like Dharani Developers Private Limited, hold a significant stake in the company, with promoter holding standing at 61.55% as of March 2026. No major institutional investors were reported with significant holdings during this period.