Uttam Sugar Mills Q4 EBITDA Falls YoY; FY26 Net Profit Rises, Dividend Declared

Uttam Sugar Mills Limited announced the outcome of its board meeting held on May 15, 2026, approving audited financial results for the financial year ended March 31, 2026, for both standalone and consolidated entities. The statutory auditors' report on these results was obtained and approved, carrying an unmodified opinion as required by Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. While the company reported growth in full-year profitability, Q4 standalone metrics reflected a year-on-year decline across key parameters.

Q4 Standalone Performance

Uttam Sugar Mills reported a moderation in quarterly performance, with Q4 standalone figures showing declines across revenue, profitability, and operating margins on a year-on-year basis. The following table summarises the Q4 standalone financial highlights:

Metric: Q4 Current Year Q4 Previous Year (YoY) Revenue: 4.5B Rupees 5.5B Rupees EBITDA: 918M Rupees 1.15B Rupees EBITDA Margin: 20.35% 20.84% Net Profit: 516M Rupees 679M Rupees

Full-Year Financial Performance

For the financial year ended March 31, 2026, the company reported a standalone net profit of ₹9,874 lakh compared to ₹9,123 lakh in the previous year. Total income stood at ₹211,643 lakh, up from ₹180,052 lakh in FY25. On a consolidated basis, net profit for the year was ₹10,059 lakh, an increase from ₹8,580 lakh in the corresponding period last year. Consolidated total income rose to ₹220,992 lakh from ₹185,414 lakh.

The board noted an exceptional item regarding the impact of new Labour Codes, which increased gratuity liability by ₹134 lakh (standalone) and ₹135 lakh (consolidated) due to past service costs. Additionally, revenue from operations increased by ₹740 lakh following a retrospective revision in power tariffs by the Uttar Pradesh Electricity Regulatory Commission.

Dividend Recommendations

The board recommended dividends across equity and preference share categories, all subject to shareholder approval at the ensuing Annual General Meeting. The following table summarises the dividend recommendations for the year ended March 31, 2026:

Instrument: Dividend Details Equity Shares: ₹2.50 per share (25% of face value of ₹10 each) Series I Non-Cumulative Redeemable Preference Shares: 6.50% Series II Non-Cumulative Redeemable Preference Shares: 10.00%

Auditor Appointments

Based on the recommendations of the Audit Committee, the board re-appointed M/s S. S. Kothari Mehta & Company LLP as the internal auditor for three financial years spanning 2026-27, 2027-28, and 2028-29, effective May 15, 2026. M/s M. K. Singhal & Company was re-appointed as the cost auditor for the financial year 2026-27, also effective May 15, 2026, in accordance with the Companies Act, 2013.

Parameter: Internal Auditor Cost Auditor Firm Name: M/s S. S. Kothari Mehta & Company LLP M/s M. K. Singhal & Company Appointment Date: May 15, 2026 May 15, 2026 Term: FY 2026-27, 2027-28, 2028-29 FY 2026-27 Reason: Re-appointment Re-appointment

M/s S. S. Kothari Mehta & Company LLP, established in 1953, is a well-reputed audit firm with a strong domestic network across Kolkata, Mumbai, Chandigarh, and other states, with a total staff strength of more than 400 persons including more than 150 Chartered Accountants. M/s M. K. Singhal & Company, Cost Accountants, Noida, set up in 1998, is a peer-reviewed entity providing professional services in cost records, cost audit, pricing, and internal audit. The board meeting commenced at 2:00 p.m. IST and concluded at 5:15 p.m. IST.

Uttam Sugar Mills Limited has fulfilled its regulatory obligations by submitting the mandatory confirmation certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made to both major stock exchanges where the company's shares are listed.

Regulatory Compliance Submission

The company submitted the confirmation certificate pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 on April 14, 2026. The certificate covers dematerialisation requests, cancellation of certificates, and consequential actions taken during the quarter ended March 31, 2026.

Parameter: Details Regulation: SEBI (Depositories and Participants) Regulations, 2018 - Section 74(5) Quarter Covered: March 31, 2026 Submission Date: April 14, 2026 Exchanges Notified: NSE and BSE Limited

RTA Certification Details

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, serving as the company's Registrar and Transfer Agent, issued the confirmation certificate. The RTA confirmed that securities received from depository participants for dematerialisation during the quarter were properly processed and confirmed to the depositories within prescribed timelines.

The certification confirms that:

Securities received for dematerialisation were accepted or rejected appropriately

Security certificates were mutilated and cancelled after due verification

Depository names were substituted in the register of members as registered owners

All processes were completed within prescribed regulatory timelines

Corporate Governance Framework

The submission was signed by Rajesh Garg, Company Secretary and Compliance Officer, demonstrating the company's commitment to maintaining proper corporate governance standards. The certificate from MUFG Intime India was signed by Ashok Shetty, Sr. Vice President-Corporate Registry, ensuring proper authorization and accountability in the certification process.

Exchange Communication

The company communicated with both National Stock Exchange of India Limited and BSE Limited, providing the required documentation for their records. This dual submission ensures compliance with listing requirements across both major Indian stock exchanges where Uttam Sugar Mills shares are traded.

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