The latest update is out from Simbhaoli Sugars Ltd ( (IN:SIMBHALS) ).
Simbhaoli Sugars Limited has disclosed defaults on loan payments for the quarter and year ending March 31, 2025, with a total outstanding amount of INR 1,008 crore. The company is undergoing a Corporate Insolvency Resolution Process, with its board’s powers suspended and vested in an Interim Resolution Professional. An appeal against the insolvency order is pending, with the National Company Law Appellate Tribunal allowing the IRP to manage operations in the interim.
More about Simbhaoli Sugars Ltd
Simbhaoli Sugars Limited operates in the sugar industry, focusing on the production and sale of sugar and related products. The company is currently under the Corporate Insolvency Resolution Process (CIRP) as per the Insolvency and Bankruptcy Code 2016.
YTD Price Performance: -28.02%
Average Trading Volume: 6,904
Current Market Cap: 577.9M INR
See more data about SIMBHALS stock on TipRanks’ Stock Analysis page.