Simbhaoli Sugars Limited has provided a clarification to the National Stock Exchange of India regarding its financial results submission. The company explained that the consolidated financial results for the quarter and year ended March 31, 2026, were not submitted by the due date of May 29, 2026, due to the ongoing Corporate Insolvency Resolution Process (CIRP). The company cited attrition of experienced personnel and the time required for obtaining, validating, and reconciling financial information from subsidiaries as reasons for the delay. Furthermore, Simbhaoli Sugars addressed discrepancies found in the XBRL filing of its standalone financial results for the year ended March 31, 2026. The company confirmed that the Earnings Per Share (EPS) of ₹1.56, as stated in the PDF, is correct, and the mismatch in the XBRL filing was due to a human error during data entry, which has since been rectified with a revised XBRL filing. Similarly, the omission of the Statement on Impact of Audit Qualifications in the XBRL filing was attributed to an oversight in selecting the correct option during the XBRL preparation and upload process. The company assured that this did not affect the financial information in the PDF version and that a revised XBRL filing has been submitted with the necessary statement. Simbhaoli Sugars Limited expressed regret for these inadvertent errors and committed to exercising greater care in future filings.
