Simbhaoli Sugars Limited (SIMBHALS) — Board Meeting | 17 August 2026

Simbhaoli Sugars Limited (SIMBHALS) has launched an Expression of Interest (EOI) process under its Corporate Insolvency Resolution Process (CIRP), initiated on July 11, 2024, and stayed until July 13, 2026. The interim resolution professional, CA Anurag Goel, invites strategic and financial investors to submit EOIs by September 8, 2026, for a final resolution plan due by November 5, 2026. The company operates 19,500 TCD cane crushing capacity and a 210 KLPD distillery, reporting FY2025-26 revenues of Rs. 591.53 crore from sugar and Rs. 215.47 crore from distillery operations. With 1,192 employees and assets in Hapur and Bahraich, the CIRP aims to revive the business as a going concern. The EOI process includes strict compliance requirements, EMD of ₹2 crores, and eligibility criteria under Section 29A of the IBC. Prospective applicants must submit financial and legal documents via authorized channels, with the RP retaining full discretion to reject non-compliant bids. The process emphasizes confidentiality, prohibits stakeholder contact without approval, and mandates independent due diligence. The company faces significant creditor claims totaling [amount not verified]billion, with secured creditors holding majority voting power.