Kothari Sugars &Chem

Kothari Sugars and Chemicals scheduled a meeting of its unsecured creditors for 13 November 2026 through video conferencing to consider the amalgamation of the company into Kothari Petrochemicals, with remote e-voting during 10-12 November and a cut-off of 31 July 2026. The scheme provides for one fully paid equity share of Kothari Petrochemicals of Rs10 each for every five shares of Kothari Sugars, supported by a joint valuation report dated 19 May 2026 and a fairness opinion from Saffron Capital Advisors, alongside a no-objection observation letter from the National Stock Exchange dated 19 August 2026. Amounts due as on 31 July 2026 stood at Rs25.42 crore to secured creditors and Rs16.20 crore to unsecured creditors, and the explanatory statement set out the pre- and post-scheme shareholding and asset details. The National Company Law Tribunal, Chennai had directed the 13 November shareholder and unsecured-creditor votes in an order pronounced on 30 September. Kothari Sugars reported revenue from operations of Rs310.01 crore in FY25 with only its Kattur unit operating after cane shortages idled Sathamangalam, crushing 2.62 lakh tons. Treasury investments stood at roughly Rs133 crore at FY25-end, with borrowings down to Rs49.2 crore.

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Kothari Sugars and Chemicals received an observation letter from the National Stock Exchange conveying no objection to its proposed amalgamation with Kothari Petrochemicals. The letter dated August 19 enabled the companies to submit the draft scheme to the National Company Law Tribunal, subject to further approvals. The scheme still requires approval from shareholders, creditors and the tribunal, while the exchange said its letter did not constitute approval under other laws. Kothari Sugars reported FY25 revenue of ₹310.01 crore and profit after tax of ₹10.43 crore, after cane crushing fell to 2.62 lakh tonnes and only its Kattur unit operated.

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Nov 5 (Reuters) - Kothari Sugars and Chemicals Ltd KTSG.NS:

• KOTHARI SUGARS AND CHEMICALS SEPT-QUARTER PROFIT FROM CONTINUING OPERATIONS 62.5 MILLION RUPEES

• KOTHARI SUGARS AND CHEMICALS SEPT-QUARTER REVENUE FROM OPERATIONS 1.02 BILLION RUPEES

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Further company coverage: KTSG.NS

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Feb 12 (Reuters) - Kothari Sugars and Chemicals Ltd KTSG.NS:

• KOTHARI SUGARS AND CHEMICALS DEC-QUARTER PROFIT FROM CONTINUING OPERATIONS 7.6 MILLION RUPEES VERSUS LOSS 73.3 MILLION RUPEES

• KOTHARI SUGARS AND CHEMICALS DEC-QUARTER REVENUE FROM OPERATIONS 1.32 BILLION RUPEES VERSUS 1.28 BILLION RUPEES

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Further company coverage: KTSG.NS

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June 22 (Reuters) - Kothari Sugars and Chemicals Ltd KTSG.NS:

• KATTUR SUGAR UNIT OF CO CLOSED ITS CRUSHING OPERATIONS ON 21 JUNE 2023 FOR SUGAR SEASON 2022 - 2023

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Further company coverage: KTSG.NS

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June 1 (Reuters) - Kothari Sugars and Chemicals Ltd KTSG.NS:

• SATHAMANGALAM SUGAR UNIT CLOSED ITS CRUSHING OPERATIONS ON MAY 31, 2023 FOR SUGAR SEASON 2022-2023

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Further company coverage: KTSG.NS

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May 30 (Reuters) - Kothari Sugars and Chemicals Ltd KTSG.NS:

• MARCH-QUARTER PROFIT FROM CONTINUING OPERATIONS 237.1 MILLION RUPEES VERSUS PROFIT 164.3 MILLION RUPEES

• MARCH-QUARTER REVENUE FROM OPERATIONS 2.07 BILLION RUPEES VERSUS 1.51 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: KTSG.NS

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