Simbhaoli Sugars FY25 Loss Widens; Auditors Issue Adverse Opinion Amid Insolvency

Simbhaoli Sugars Limited has released its audited consolidated financial results for the fiscal year ending March 31, 2025. The company reported a Net Loss of ₹1,975.07 Lakhs (₹19.75 Cr). The company’s Net Worth is deeply negative at ₹-9,814.39 Lakhs (₹-98.14 Cr), with Total Liabilities of ₹2,13,065.47 Lakhs (₹2,130.65 Cr) significantly outweighing Total Assets of ₹2,03,251.08…

Tongaat: A ticking time bomb set to go off in April

Tongaat head office stripped of expensive paintings and antiques ahead of a possible visit by liquidators. Photo supplied Tongaat Hulett has two critical deadlines in April: The liquidation hearing and the opening of its mills for the harvest season. But the company’s bank accounts are frozen after its business rescue practitioners filed for liquidation. The…

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