Shree Hanuman Sugar CIRP: 19th CoC meet set for 2026

Meeting intimation keeps focus on the CIRP process

Shree Hanuman Sugar & Industries Ltd has scheduled its 19th Committee of Creditors (CoC) meeting for September 04, 2026 at 3:00 p.m. IST. The intimation was filed as part of the company’s ongoing Corporate Insolvency Resolution Process (CIRP). The disclosure, however, contains only the meeting schedule and does not provide creditor-level details, financial position updates, or any note on progress in the resolution plan.

The absence of a stated agenda or an update on the status of claims and plan discussions means stakeholders have little new information to assess. Still, the very fact that the CoC continues to meet suggests the resolution process is active. At the same time, reaching a 19th meeting without a public indication of plan approval underlines that the case remains prolonged.

What the company disclosed and what it did not

The filing is an intimation under CIRP and largely limited to logistical details. It does not disclose the names of financial creditors, voting outcomes from previous meetings, or any timeline for plan consideration. It also does not state whether any resolution applicant is in the fray or whether the CoC has evaluated any bids.

This matters because, in insolvency cases, market participants typically look for signals such as plan submission milestones, claim admission status, and any CoC decisions. Here, the latest disclosure does not provide any such data points. As a result, investors and other stakeholders are left to rely on earlier financial filings and past CIRP updates.

CIRP status: NCLT oversight and the resolution professional

The company is undergoing CIRP pursuant to an order of the National Company Law Tribunal (NCLT), Kolkata Bench. Shree Hanuman Sugar entered CIRP on September 27, 2024, and the interim resolution process was communicated on September 30, 2024.

The insolvency proceedings were initiated by the Stressed Assets Stabilization Fund. The filings also state that the trigger involved invocation of a corporate guarantee in the matter of Eastern Sugar & Industries Limited.

Sandeep Khaitan is the Resolution Professional (RP). Earlier disclosures note that he was initially appointed as Interim Resolution Professional and later confirmed as the RP during the first CoC meeting held on October 28, 2024.

Operations remain shut: Motihari mill and long-standing constraints

Shree Hanuman Sugar’s sugar mill in Motihari, Bihar has remained closed, and the company has reported periods of zero revenue from operations. The closure has been attributed in filings to issues including outdated machinery, cost ineffectiveness, severe financial constraints, and labour disputes.

The company has also disclosed that it has been non-operational since FY 2012-13. With the manufacturing unit not running, revenue visibility has remained weak and financial performance continues to reflect the burden of a stressed balance sheet and insolvency-related uncertainty.

Financial snapshot: losses continue and revenue stays near zero

The company reported a net loss of ₹0.2399 crore for the quarter ended June 30, 2026 (Q1 FY26), compared with a loss of ₹0.1844 crore in Q1 FY25. For Q1 FY26, it recorded zero revenue from operations due to the mill closure.

For the quarter ended December 31, 2025 (Q3 FY26), the company reported a net loss of ₹0.1868 crore against total income of ₹0.0366 crore. For the nine months period referenced in the same disclosure, the cumulative loss reached ₹0.7122 crore with income of ₹0.0387 crore.

For the financial year ended March 31, 2026 (FY26), the company reported a net loss of ₹0.8942 crore, widening from ₹0.4237 crore in the previous fiscal year. Another disclosure for the quarter ended March 31, 2026 notes zero revenue from operations, with total expenses of ₹0.1960 crore for the quarter and ₹0.9377 crore for the full year.

Auditor position and going concern disclosures

The company’s financial statements were reviewed by statutory auditor BDS & Co., which issued a qualified opinion in connection with going concern issues due to the ongoing insolvency proceedings. The auditor cited material uncertainty regarding the company’s ability to continue as a going concern.

In the FY26 context, disclosures also mention that the financial statements should be prepared on a non-going concern basis due to the incurred cash loss of ₹0.8942 crore in the year. These statements reinforce that the company’s near-term status is tied to the outcome of the CIRP and the decision-making at the NCLT.

Resolution plan: submitted, but approval remains the key variable

Company disclosures state that the Resolution Professional has submitted a resolution plan to the Hon’ble NCLT Kolkata Bench. The company’s future as a going concern has been described as dependent on approval of this plan.

Against this backdrop, the 19th CoC meeting becomes another checkpoint for stakeholders tracking whether creditor consensus is emerging. Earlier summaries also highlight a watchpoint: a failure to approve a plan could signal liquidation risk. The latest intimation itself does not comment on likelihood or timing, but it keeps attention on the next formal CoC forum.

Timeline of key CoC meetings disclosed

Multiple CoC meeting intimations have been disclosed over time, indicating repeated creditor engagement during the CIRP.

Key financial figures referenced in disclosures

The filings include several period-wise metrics that help frame the company’s current position, although they do not include CIRP claim details or plan economics.

Market relevance: what investors and creditors may watch next

For listed-company stakeholders, the most material next update would be any disclosure on resolution plan approval steps, changes in creditor claims, or any directions from the NCLT Kolkata Bench. The latest filing does not provide those details, so near-term assessment remains constrained.

From an operating standpoint, disclosures indicate that the sugar mill is expected to remain non-operational until a resolution plan is approved and implemented. This links business revival directly to insolvency outcomes rather than near-term operational initiatives.

Conclusion

Shree Hanuman Sugar’s 19th CoC meeting, scheduled for September 04, 2026, underscores that the CIRP remains active but prolonged. With the plant shut, revenue limited or nil in key periods, and losses widening in FY26, the decisive variable remains the NCLT’s decision on the submitted resolution plan. The next major monitorable event is whether the CoC process leads to a clear update on plan approval or creditor-claim discussions following the September 04 meeting.