Mawana Sugars Limited Announces Q1 Financial Results and Approves Key Board Appointments
Mawana Sugars Limited has announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company's Board of Directors approved the results alongside several key governance decisions concerning director appointments and management remuneration during a meeting held on August 8, 2026.The Board’s approvals included the revised remuneration proposal for Mr. Rakesh Kumar Gangwar, Managing Director, as well as the re-appointment of Mr. Satish Agrawal as a NonExecutive Independent Director. The proposals related to both Mr. Gangwar's compensation and Mr. Agrawal's tenure are subject to approval by the company members through Postal Ballot.
Financial Performance Overview
The results provide a comprehensive view of the company’s performance across different segments, including Sugar, Power, and Distillery.Financial data for Mawana Sugars Limited is presented in the tables below:
Table 1: Standalone and Consolidated Unaudited Financial Results (Rs. in crore)
| Particulars | Quarter ended June 30, 2026 (Unaudited) | Year ended March 31, 2026 (Audited) |
|---|---|---|
| Income | ||
| Revenue from operations | 414.10 | 1,564.16 |
| Other income | 0.53 | 3.33 |
| Total Income | 414.63 | 1,567.49 |
| Expenses | ||
| Cost of materials consumed | 29.50 | 1,219.88 |
| Purchase of stock-in-trade | 6.51 | 8.47 |
| Changes in inventories | 348.35 | 18.11 |
| Employee benefits expenses | 22.00 | 92.82 |
| Finance costs | 7.89 | 22.14 |
| Depreciation and amortisation expense | 6.99 | 30.90 |
| Other expenses | 24.38 | 120.53 |
| Total Expenses | 445.62 | 1,512.85 |
| Profit/(loss) before tax | (30.99) | 54.64 |
Table 2: Segment Revenue and Results Summary (Rs. in crore)
The company’s segments, including Sugar, Power, and Distillery, showed varied results for the quarter ended June 30, 2026.
| Segment | Sugar Revenue | Power Revenue | Distillery Revenue |
|---|---|---|---|
| Revenue | 396.44 | 13.60 | 65.02 |
| Segment Profit/(loss) before tax | (17.38) | (4.56) | 4.37 |
Governance and Board Decisions
The company approved the re-appointment of Mr. Satish Agrawal, and revised remuneration for Mr. Rakesh Kumar Gangwar during its board meeting.Mr. Satish Agrawal was approved for the second term as a NonExecutive Independent Director. His tenure extends from November 3, 2026, to November 2, 2031, subject to shareholder approval via Postal Ballot. Mr. Agrawal is described as a Chartered Accountant with expertise in audit, assurance, risk management, and corporate laws, serving as the Managing Partner of S.R.K.A. & Co., Chartered Accountants, New Delhi, since 2005.
Concurrently, the Board approved the revised remuneration for Mr. Rakesh Kumar Gangwar, who serves as the Managing Director. The revised compensation is effective from August 13, 2026, to August 12, 2027, and is also contingent upon approval by the members through Postal Ballot. Mr. Gangwar has been with Mawana Sugars Limited since 2009 and possesses 34 years of experience in sugar and distillery operations.
MAWANASUG Stock Price Movement
Mawana Sugars Limited shares gained 3.22% on Friday, settling at ₹115.83 per share after trading climbed significantly. The stock saw a volume of 69,077 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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