Ugar Sugar Works (UGARSUGAR) — Announcement

📢 Key Event
High Court sets aside KSPCB closure order for Ugar Khurd plant

🔄 What Changed
Court overturned KSPCB's closure directive, reversing previous shutdown risk

💡 Investor Takeaway
Shareholders gain relief from shutdown risk as operations remain active pending new regulatory assessment

⚠️ Risks
Pending fresh KSPCB inspection during crushing season may introduce future compliance requirements

Ugar Sugar Works announced that a Karnataka High Court hearing on September 11, 2026 set aside the Karnataka State Pollution Control Board's closure order for its Belgaum plant, allowing continued operations pending fresh inspection. The court instructed KSPCB to conduct a new assessment during the upcoming crushing season and may issue fresh directions if non-compliance is found. This development removes a major operational threat, restoring confidence in the company's ability to maintain production without regulatory shutdowns.

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About Ugar Sugar Works Ltd (UGARSUGAR)

Fast Moving Consumer Goods · Sugar · Listed on BSE

Market Cap: ₹599.51 Cr P/E: 8.8 ROE: 31.0% ROCE: 26.7% Div Yield: 0.94%

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🔥 Also filed on 16 September 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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