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Thiru Arooran Sugars Ltd
Eldorado, Fifth Floor, 112
Nungambakkam High Road
Phone: +91 4428276001p:+91 4428276001 CHENNAI, 600034  India Fax: +91 4428270470f:+91 4428270470
Filed for Bankruptcy on 4/8/2021
On 1/3/2019, the National Company Law Tribunal (NCLT), Chennai Bench initiated a Corporate Insolvency Resolution Process against Thiru Arooran Sugars Ltd., pursuant to an Insolvency petition (IBA/243/2019) filed against the Company by a consortium of lenders including: PNB, IDBI Bank, UCO Bank, Union Bank of India, and Standard Chartered Bank. R Raghavendran was appointed as the Interim Resolution Professional.
On 4/8/2021, the National Company Law Tribunal ordered Thiru Arooran Sugars Ltd. liquidated after lenders did not find any viable plan for revival of the Company.
This company is no longer actively traded on any major stock exchange.
Business Summary
Thiru Arooran Sugars Limited is an India-based company that operates a sugar factory. The Company is engaged in the business of manufacturing sugar and potable/industrial alcohol, including ethanol. The Company's plants manufacture plantation white sugar from sugarcane. The by-products arising out of sugar manufacture are bagasse, molasses, and pressmud. The Company’s molasses produced in the sugar plant is fermented in the distillery along with enzymes to produce a fermented wash. The wash is distilled in a series of distillation columns to produce rectified spirit (RS). The Company exports sugar apart from sale in the domestic market. The Company, through its subsidiary, Terra Energy Limited, operates cogeneration power plants. The Company's manufacturing plants are located at Tirumandankudi in Thanjavur district and at A. Chittur in Cuddalore district in Tamil Nadu, India.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
3/31/20183/31/2018Yes----

Industries
SIC Code Description
2061 Cane sugar, except refining
2063 Beet sugar
2869 Industrial organic chemicals, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Executive Chairman of the Board, Managing Director R. V.Tyagarajan 62
Senior General Manager - Finance, Compliance Officer, Company Secretary R. R.Karthikeyan
Additional Director VikaramVijayaraghavan 8/13/2018 8/13/2018
Non-Executive Director Malathi R.Tyagarajan 55 9/19/1995 9/19/1995
Independent Non-Executive Director V.Thirupathi

General Information
Outstanding Shares: 11,316,724 (As of 3/31/2018)
Shareholders: 3,942
Stock Exchange: NSE
Fax Number: +91 4428270470


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Wednesday, November 22, 2023