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Dharani Sugars and Chemicals Ltd
PGP HOUSE #57
Sterling Road, Nungambakkam
Phone: +91 4428311313p:+91 4428311313 CHENNAI, 600034  India Ticker: DHARSUGARDHARSUGAR
Filed for Bankruptcy on 6/27/2023
On 9/20/2019, the Bank of India filed an application under section 7 of the Insolvency and Bankruptcy Code 2016 with the National Company Law Tribunal, Chennai Bench, against Dharani Sugars and Chemicals Ltd.
On 7/29/2021, the National Company Law Tribunal, Chennai Bench, initiated a Corporate Insolvency Resolution Process for Dharani Sugars and Chemicals Ltd pursuant to the application filed against the Company by the Bank of India.
On 6/27/2023, Dharani Sugars and Chemicals Limited was ordered for Liquidation by the National Company Law Tribunal, Chennai Bench.
Mr. CA. Mahalingam Suresh Kumar was appointed as the Liquidator of the Company to carry out the Liquidation Process.
Business Summary
Dharani Sugars and Chemicals Limited is an India-based company, which is engaged in the business of manufacturing white sugar, generation of electricity and production of industrial alcohol. The Company operates through three segments: Sugar, Distillery, and Power. Its operations predominantly relate to manufacture of sugar, co-generation of power and production of industrial alcohol. Sugar segment includes molasses and other by-products. The Company's operations are spread over three locations in Tamil Nadu which is at Dharani Nagar in Tirunelveli District, at Karaipoondi Village, Polur in Thiruvannamalai District and at Kalayanallur Village, Sankarapuram Taluk in Villupuram District.

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
3/31/20233/31/2022Yes----

Industries
SIC Code Description
2061 Cane sugar, except refining
2085 Distilled and blended liquors
4911 Electric services

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Executive Chairman of the Board Palani G.Periasamy 77
Compliance Officer, Company Secretary E. P.Sakthivel
Managing Director, Whole Time Director M.Ramalingam
5 additional Officers and Directors records available in full report.

Business Names
Business Name
507442
Dharani Sugars and Chemicals Ltd
Dharani Sugars and Chemicals Ltd(NDA)
DHARSUGAR

General Information
Number of Employees: 1,076 (As of 3/31/2013)
Outstanding Shares: 33,200,000 (As of 3/31/2023)
Shareholders: 14,804
Stock Exchange: NSE
Fax Number: +91 4428232074


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Tuesday, April 23, 2024