SIMBHAOLI SUGARS LTD. Share price

Simbhaoli Sugars Limited was originally incorporated as 'Simbhaoli Spirits Limited' on April 04, 2011, with Registrar of Companies, Uttar Pradesh. The Company received the Certificate for Commencement of Business on September 05, 2011. The name of the Company was changed to Simbhaoli Sugar Mills Limited and again to 'Simbhaoli Sugars Limited' dated September 8, 2006. Simbhaoli Sugars is known for its extensive involvement in India's sugar sector for over nine decades. The Company operates as an integrated player in the sugar industry, engaging in the production of sugar, ethanol, spirits, and other valuable by-products. With three sugar mills located in Uttar Pradesh, it has a collective crushing capacity of 19,500 TCD (tones crushed per day). Additionally, it possesses two distilleries with a combined ethanol production capacity of 180 KLPD (kilo-liters per day). Simbhaoli was one of the earliest sugar plants set-up in western Uttar Pradesh during British Raj in India. The Company's first Sugar plant was established in 1933 by Sardar Raghbir Singh Sandhanwalia (CIE, OBE), the Founder Promoter. In 1996, the Company established its 2nd Sugar Mill in Chilwaria, District Bahraich (Uttar Pradesh) with a crushing capacity of 2500 TCD under the joint venture arrangement with Tate & Lyle, London, a British-headquartered sugar refiner and global supplier of food and beverage ingredients. The Company purchased controlling stake in Chilwaria Sugars Limited and it was eventually merged with the Company in 2002. In 2003, the Company started production of bio-manure under Brand SOM to contribute in Agricultural Production, Environment Protection and Waste Management. SOM Bio-Organic Manure was introduced for the farmers looking forward to produce Organic food, free from chemical fertilizers. In 2004, the Company converted the manufacturing process at Simbhaoli plant from double sulphitation to DRPIE to produce EC grade refined sugar; enhanced the capacity to 7500 TCD; and became a producer of high quality premium sugar. In 2006, it set up 3rd Manufacturing and Processing Unit of Specialty FoodsDivision in Brijnathpur, Western Uttar Pradesh. In 2007, it expanded the capacity of biomass -based co-generation power plant at Simbhaoli. In 2009, it launched flavoured variant of 'Xing', Vodka in India to cater to the demands of the younger generation of consumers. The Company also established a wholly-owned subsidiary in Dubai to foray in the international trading of various products. The Company's Beverages Division also launched its new product range of fruit drinks under the brand name, SIPP, marking the Company's entry into the non-alcoholic beverages segment. With significant technology and engineering experience, the Company also started its Techno-Commercial Engineering Consulting Division for providing technical,commercial and engineering services. also initiated a major farmer-focused development programme aimed at enhancingcrop yields and the quality of the agricultural produce, with the objective of ultimately enhancing the farmers' income levels and also boosting the quality of raw materials being procured from thousands of farmers in 2010-11. In 2012, the Company established 1000 TPD capacity greenfield Raw Sugar Refinery near Kandla Port in Gujarat. It launched new Liquor Brands (Board's Verdict, and Xing) and also tied up with established International brands (such as Pravda) to gain a stronger footholdamongst the young consumer in India. The Company entered into a JV with a leading Singapore and London-based global developer and operator of clean energy projects worldwide to expand its power business in 2013. A Scheme of Arrangement was carried out wherein, the Erstwhile Company was amalgamated into Simbhaoli Spirits Limited w.e.f. November 13, 2015. The Company is under Corporate Insolvency Resolution Process (CIRP) of the Insolvency and Bankruptcy Code 2016 (IBC) in terms of Order passed by the Hon'ble National Company Law Tribunal (NCLT), Allahabad Bench with effect from July 11, 2024.