UGAR SUGAR WORKS LTD.-$

Ugar Sugar Works Ltd has announced the closure of its trading window for designated persons, including promoters, directors, and designated employees. The closure is effective from October 1, 2026, and will remain until 48 hours after the Board meeting to consider and approve the unaudited financial results for the quarter ended September 30, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Ugar Sugar Works Ltd has provided a clarification to the exchange regarding a delay in disclosing a material event. The company stated that they were awaiting the final order from the High Court to be uploaded on its website to ensure no ambiguity in the information submitted. The delay occurred because the final order was still pending upload as of 12:54 p.m. on September 16, 2026. This filing addresses a query from the exchange concerning the timely disclosure of material events.

Ugar Sugar Works Ltd has announced that the High Court, in a hearing on September 11, 2026, has set aside the closure order issued by the Karnataka State Pollution Control Board (KSPCB). Following a previous direction from the High Court on September 7, 2026, KSPCB officials had conducted a site visit. The court has instructed KSPCB to conduct a fresh inspection during the crushing season and issue new directions if any non-compliance is found. The Ugar Khurd plant remains fully operational. The official court order document is still awaited.

Ugar Sugar Works Ltd has received a closure order from the Karnataka State Pollution Control Board (KSPCB) for its Ugar Unit. The order, issued under the Water Act and Air Act, mandates the closure of operations until further notice due to alleged non-compliances. The company states there is no immediate financial or operational impact as the period cited in the order relates to 2025, and corrective measures have been taken. Ugar Sugar is pursuing legal action to revoke the closure directions and will update the stock exchanges on material developments.

Ugar Sugar Works Ltd announced changes in its board of directors. Mr. Hari Athawale will cease to be an Independent Director upon completion of his tenure on August 11, 2026. Concurrently, Mr. Prafulla Shirgaokar has resigned as a Non-Executive Director, also effective August 11, 2026. The company has appointed Mr. Shirgaokar as Chairman Emeritus from August 12, 2026, recognizing his extensive experience. The board has also been reconstituted, and relevant disclosures have been made as per SEBI regulations.

Shri P. V. Shirgaokar, a non-executive director at Ugar Sugar Works Ltd, has resigned from his position effective August 11, 2026. Concurrently, Mr. Hari Athawale has retired as an Independent Director upon completion of his term on the same date. The company has appointed Mr. Prafulla Shirgaokar as Chairman Emeritus, effective August 12, 2026, recognizing his extensive experience. The board has also been reconstituted, and relevant disclosures have been made as per SEBI regulations.

Ugar Sugar Works Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved the standalone un-audited financial results. The company submitted these results as per Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditor's review report confirms no material misstatements were found in the accompanying statement.

Ugar Sugar Works' standalone Q1 FY27 revenue rose 32.2% YoY to ₹480.94 Cr, and the company swung to a ₹1.49 Cr net profit from a ₹13.73 Cr loss in Q1 FY26 (EPS ₹0.13 vs -₹1.22). The turnaround is real but thin: net profit margin recovered to just 0.31% of total income from -3.76% a year ago, and pre-tax profit was a bare ₹1.04 Cr — the bottom line was lifted above PBT only by a ₹0.45 Cr deferred-tax credit, similar to the ₹0.37 Cr credit booked a year ago. Sequentially the picture looks very different: revenue was up 21.1% QoQ but PAT fell 96.7% from ₹45.76 Cr in Q4 FY26, and NPM compressed from 11.42% to 0.31%. That is not itself a red flag — the filing's own Note 1 states the sugar business is seasonal and quarterly figures are not annualised-comparable, and Q4 (Jan-Mar) typically captures peak crushing-season economics that Q1 does not. By segment, Industrial Alcohol PBIT more than doubled YoY to ₹35.02 Cr from ₹17.50 Cr, and the core Sugar segment swung to a ₹3.91 Cr profit from a ₹2.74 Cr loss, together driving the YoY turnaround; Co-generation partly offset this as its segment loss widened to ₹8.96 Cr from ₹4.10 Cr. Finance costs rose 33% YoY to ₹18.47 Cr, consuming most of the operating gain and keeping PBT thin. There is no management guidance or prior concall commentary on record for this company, and a web search turned up no broker consensus estimate specific to this quarter — Ugar Sugar Works does not appear to carry formal sell-side coverage at the quarterly level, so the print cannot be graded against a street number. No separate management press release accompanied the filing beyond the board-outcome letter and the financial statements. The results were approved at the board meeting held the same day as the company's 86th AGM (August 5, 2026).

Ugar Sugar Works Ltd conducted its 86th Annual General Meeting (AGM) on August 5, 2026, via Video Conferencing (VC)/OAVM. Key agenda items included the adoption of audited financial statements for the year ended March 31, 2026, declaration of dividend, and the re-appointment of Mr. Shishir S. Shirgaokar as a director. The company also proposed a special resolution for the continuation of his directorship and ratification of cost auditors' remuneration. Remote e-voting was available from August 1 to August 4, 2026.

Ugar Sugar Works Ltd has announced a Board of Directors meeting scheduled for August 5, 2026. The primary agenda is to consider and approve the Un-audited Financial Results and Segment-wise Revenue Results for the quarter ended June 30, 2026. Concurrently, the company has informed about the closure of the trading window for directors, designated employees, and insiders from July 1, 2026, until 48 hours after the declaration of the financial results, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.