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Ponni Sugars (Erode) Ltd logo

Ponni Sugars (Erode) Ltd

NSE: PONNIERODE BSE: 532460

272.90

(2.57%)

Sun, 08 Mar 2026, 07:00 pm

Ponni Sugars (Erode) News

Ponni Sugars seeks shareholder approval for MD reappointment

Ponni Sugars (Erode) Limited issues postal ballot notice seeking shareholder approval for reappointment of Managing Director Ramanathan Narayanan for three years from April 2026 to March 2029.

25 Feb 2026

stocks

Ponni Sugars Q3FY26 Profit Surges 293% YoY

Ponni Sugars (Erode) reports strong Q3FY26 results with net profit jumping to ₹947 lakhs from ₹241 lakhs YoY. Revenue rises 30.8% to ₹15,135 lakhs driven by improved sugar segment performance.

30 Jan 2026

co actions results

Ponni Sugars Shareholders Approve Material Related Party Transaction MoU with Seshasayee Paper

Ponni Sugars (Erode) Limited shareholders approved a comprehensive MoU with Seshasayee Paper and Boards Limited for material related party transactions through postal ballot e-voting conducted from November 5 to December 4, 2025. The resolution passed with 99.97% votes in favor, with 106 members voting for and 4 members voting against the proposal.

05 Dec 2025

corporate action

Ponni Sugars Seeks Shareholder Approval for Rs 60 Crore Annual Related Party Transaction Deal with Seshasayee Paper

Ponni Sugars (Erode) Limited has issued a postal ballot notice seeking shareholder approval for a comprehensive MoU with Seshasayee Paper and Boards Limited (SPB) for related party transactions worth up to Rs 60 crores per financial year from January 2026 to December 2030. The transactions include purchase/sale of bagasse, sugar, fuel, power, water and other products, along with services and shared expenses. SPB holds 32.35% stake in Ponni Sugars and is considered a related party. The company's RPTs with SPB are expected to exceed 10% of turnover in Q4 of the current financial year, making it a material transaction requiring shareholder approval. The remote e-voting period runs from November 5 to December 4, 2025. The bagasse supply arrangement has strategic importance as SPB promoted Ponni Sugars' establishment in 1984 to secure raw materials for pulp and paper production.

05 Nov 2025

corporate action

Ponni Sugars Reports 17% Rise in Net Profit to ₹1,456 Lakhs in Q2

Ponni Sugars (Erode) Limited reported a net profit after tax of ₹1,456 lakhs for the quarter ended September 30, 2025, compared to ₹1,234 lakhs in the same quarter of the previous year. Total income from operations increased to ₹11,471 lakhs from ₹9,810 lakhs year-on-year. For the six-month period, net profit reached ₹1,928 lakhs versus ₹1,828 lakhs in the corresponding period last year, while total income rose to ₹17,843 lakhs from ₹15,849 lakhs. Basic earnings per share improved to ₹16.93 from ₹13.41 in the same quarter last year. However, total comprehensive income showed a loss of ₹3,122 lakhs for the quarter compared to a profit of ₹856 lakhs in the previous year's quarter.

25 Oct 2025

earnings

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Market Current News

Mahindra Logistics Limited logo

Mahindra Logistics Limited

Mahindra Logistics Faces Rs 8.87L GST Penalty Order

Mahindra Logistics receives GST penalty order of Rs 8,86,944/- from Deputy Commissioner Haridwar for FY 2019-20 related to alleged excess Input Tax Credit claims. Company expects favourable outcome on appeal.

07 Mar 2026

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JAMMU & KASHMIR BANK LTD.

J&K Bank Elevates Two General Managers to CGM Posts

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07 Mar 2026

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ELITECON INTERNATIONAL LIMITED logo

ELITECON INTERNATIONAL LIMITED

Elitecon International Q3FY26 Results Show Growth

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07 Mar 2026

co actions results

KPI Green Energy Limited logo

KPI Green Energy Limited

KPI Green Energy executes 445 MW BESS agreement

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07 Mar 2026

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JCT Limited holds 10th creditors meeting for CIRP

JCT Limited conducted its tenth Committee of Creditors meeting on February 26, 2026, featuring first round of commercial negotiations between creditors and resolution applicants under insolvency proceedings.

07 Mar 2026

stocks

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