Riga Sugar Company Ltd. Announces Financial Results for the Quarter Ended June 30, 2022, Amidst Liquidation Proceedings

Riga Sugar Company Ltd. has announced its reviewed financial results for the quarter ended June 30, 2022, as well as for subsequent periods leading up to December 31, 2023, and audited financial results for the quarters ended March 21, 2023, and March 31, 2024, along with audited financial statements for the years ended March 31, 2023, and March 31, 2024. The company is undergoing liquidation proceedings under the Insolvency & Bankruptcy Code, 2016, following an order by the National Company Law Tribunal. The corporate debtor has been sold as a going concern, and the successful auction purchasers have filed an application for certain matters including the appointment of new directors. The enclosed financial statements and results have been authenticated by the Liquidator for compliance with the Companies Act, 2012 and SEBI regulations.