Athani Sugars Limited

Athani Sugars Limited - energy and power in Karnataka, India. FY 2026 financials & compliance.
CIN U40109KA1995PLC017806 Incorporated 25 May 1995 ROC Bangalore HQ Karnataka, India
Active Public Limited Company energy and power
Data last updated
Revenue · FY 2025
₹1,606.27 Cr
▲ 49% YoY
Net profit · FY 2025
₹57.59 Cr
Net margin 3.6%
EBITDA · FY 2025
₹225.53 Cr
EBITDA margin 14%
Authorised capital
₹60 Cr
Registered with MCA
Paid-up capital
₹42.33 Cr
Issued & subscribed
Open charges
₹2,275.99 Cr
Satisfied ₹3,621.13 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
2,020
Provident fund records

About Athani Sugars Limited

Data last updated:

Athani Sugars Limited is a public limited company based in Karnataka, India. It operates in the thermal power generation and plants segment of the energy and power sector. It was incorporated on 25 May 1995 and has been in existence for over 31 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U40109KA1995PLC017806. Its GSTIN is 29AABCA7092A1ZV (Karnataka). The company holds 2 GST registrations, all of them active.

The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹42.33 Cr. It was formerly known as Athani Farmers Sugar Factory Limited. It is led by directors including Shrinivas Shrimant Patil (Managing Director) and Yogesh Shrimant Patil (Officer In Default).

Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Vishnuanna Nagar Post Navalihal Taluka Athani Dist.Belgaum, Karnataka, India – 591234.

As per the financials filed for FY 2025, the company reported a revenue of ₹1,606.27 Cr, a growth of 49% compared to the previous year. For the same year it recorded a net profit of ₹57.59 Cr (net margin 3.6%) and EBITDA of ₹225.53 Cr (EBITDA margin 14%).

The company has about 2,020 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 1 brand: Athani Sugars. As per MCA filings, the company has open charges of ₹2,275.99 Cr and satisfied charges of ₹3,621.13 Cr on record. Court records list 1,915 cases involving the company, including 1,813 filed by the company and 50 filed against it; 884 cases are pending.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website athanisugars.com.

Company Details of Athani Sugars Limited
CIN U40109KA1995PLC017806
Registration Number 017806
Incorporation Date 25 May 1995
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Shrinivas Shrimant Patil Managing Director Yogesh Shrimant Patil Officer In Default Shankarao Shamrao Patil Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    athanisugars.com
  • Social Media
    Locked
  • Registered Address
    Vishnuanna Nagar Post Navalihal Taluka Athani Dist.Belgaum, Karnataka, India – 591234
  • Industry
    Energy and Power, Thermal Power Generation & Plants
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Financials, compliance, directors, charges, ownership and filings for Athani Sugars Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Athani Sugars Limited

The main business activities of Athani Sugars are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers food, beverages and tobacco products, chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and electric power generation, transmission and distribution. 3 activity segments are registered with the MCA.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC1Food, beverages and tobacco productsLocked
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical productsLocked
DElectricity, gas, steam and air condition supplyD1Electric power generation, transmission and distributionLocked
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Turnover share and past changes in activity are in the company report.

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Financials of Athani Sugars Limited FY 2025 filings available

Athani Sugars Limited reported revenue of ₹1,606.27 Cr (up 49% YoY) for FY 2025.

Revenue · FY 2025
₹1,606.27 Cr ▲ 49%
Net profit · FY 2025
₹57.59 Cr margin 3.6%
EBITDA · FY 2025
₹225.53 Cr margin 14%

Compounded Annual Growth Rate (CAGR) of Athani Sugars Limited

Revenue CAGR growth
1 year
▲ 49%
EBITDA CAGR growth
1 year
▲ 11%
3 years · compounded
▲ 16%

Revenue rose 49% in the latest year. EBITDA rose 11% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.

Financial Statement Summary of Athani Sugars Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue••••••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA₹225.53 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹57.59 Cr••••••••••••••••
Balance Sheet
Share Capital••••••••••••••••••••
Reserves and Surplus••••••••••••••••••••
Net Worth (Total Equity)••••••••••••••••••••
Long-term Borrowings••••••••••••••••••••
Short-term Borrowings••••••••••••••••••••
Trade Payables••••••••••••••••••••
Total Liabilities••••••••••••••••••••
Fixed Assets••••••••••••••••••••
Investments••••••••••••••••••••
Inventories••••••••••••••••••••
Trade Receivables••••••••••••••••••••
Cash and Bank Balance••••••••••••••••••••
Total Assets••••••••••••••••••••

Financial Ratios of Athani Sugars Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin14%••••••••••••••••
Net Profit Margin3.6%••••••••••••••••
Return on Equity (ROE)••••••••••••••••••••
Return on Capital Employed (ROCE)••••••••••••••••••••
Return on Assets (ROA)••••••••••••••••••••
Liquidity and Debt
Current Ratio••••••••••••••••••••
Quick Ratio••••••••••••••••••••
Debt-to-Equity Ratio••••••••••••••••••••
Interest Coverage Ratio••••••••••••••••••••
Efficiency and Growth
Asset Turnover••••••••••••••••••••
Receivable Days••••••••••••••••••••
Payable Days••••••••••••••••••••
Inventory Days••••••••••••••••••••
Revenue Growth••••••••••••••••••••
Net Profit Growth••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Athani Sugars are in the company report.

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Financial statements from 2015

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Peer Comparison of Athani Sugars Limited

Athani Sugars Limited is compared with the companies closest to it by revenue in the Agriculture industry (Sugar). Revenue, net profit, margin and growth of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Godavari Biorefineries Limited••••••••••••••••134Mumbai, Maharashtra, India
Uttam Sugar Mills Limited Listed••••••••••••••••386Roorkee, Uttarakhand, India
KPR Sugar and Apparels Limited••••••••••••••••-Coimbatore, Tamil Nadu, India
Rana Sugars Limited Listed••••••••••••••••272Chandigarh, India
Satish Sugars Limited••••••••••••••••1,216Gokak Taluk, Karnataka, India
Athani Sugars Limited this company••••••••••••••••-Karnataka, India
Nahar Industrial Enterprises Limited Listed••••••••••••••••1,930Punjab, India
Shree Ambika Sugars Limited••••••••••••••••-Chennai, Tamil Nadu, India
NSL Sugars Limited••••••••••••••••605Bangalore, Karnataka, India
The Ugar Sugar Works Ltd Listed••••••••••••••••2,371Sangli, Maharashtra, India
Simbhaoli Sugars Limited Listed••••••••••••••••649Ghaziabad, Uttar Pradesh, India

Peers are the five companies nearest above and the five nearest below Athani Sugars by revenue in the Agriculture industry (Sugar), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.

Auditor Details of Athani Sugars Limited

Athani Sugars Limited is audited by M/s A.D. Shinde & Co. for the financial year 2023.

NameStatusAppointment DateCessation Date
M/s A.D. Shinde & Co.LockedLockedLocked
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Board of Directors of Athani Sugars Limited

Athani Sugars has 15 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Yogesh Shrimant Patil
Also directs: Shivneri Sugars Limited, Vishwanath Starch Industries Limited
Officer In Default10 Aug 20242 Years 1 MonthsCurrent
Shankarao Shamrao Patil
Also directs: Vasant Hatecheries Pvt Ltd
Director27 Sep 200818 Years 0 MonthsCurrent
Ujwala Shrimant PatilDirector10 Dec 20169 Years 9 MonthsCurrent
Nivruti Yeshwant JadhavDirector29 Dec 200025 Years 9 MonthsCurrent
Shrimant Balasaheb Patil
Also directs: Shivneri Sugars Limited, Vishwanath Starch Industries Limited
Director01 Oct 200620 Years 0 MonthsCurrent
Pravin Bharat PatilDirector05 Dec 20205 Years 10 MonthsCurrent
Showing 6 of 15 current directors. View all directors

Ownership and Shareholding of Athani Sugars Limited

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Charges & Borrowings of Athani Sugars Limited

Open charges
₹2,275.99 Cr
Satisfied charges
₹3,621.13 Cr
Breakdown by lending institutions
Others₹1,687.99 Cr
State Bank of India₹290.00 Cr
Canara Bank₹133.00 Cr
Tjsb Sahakari Bank Limited₹125.00 Cr
Karnataka Bank Ltd.₹40.00 Cr
Latest charge details
DateLenderAmountStatus
14 Nov 2025Others₹80 CrOpen
14 Nov 2025Others₹100 CrOpen
26 May 2025Others₹30 CrOpen
08 May 2025Others₹25 CrOpen
08 May 2025Others₹30 CrOpen

Total charge records: 126 View all charges

MSME Payment Delays by Athani Sugars Limited

Athani Sugars Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 10 overdue payments to 8 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 8)

SupplierAmount dueDue sinceReported on
an individual supplier••••••••••••
an individual supplier••••••••••••
Cori Engineers Private Limited••••••••••••
Diftech India••••••••••••
an individual supplier••••••••••••
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Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.

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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

Associated Brands with Athani Sugars Limited

Athani Sugars operates one associated brand: Athani Sugars. Each brand links to its own profile.

BrandDescriptionWebsite
Athani Sugars
Supplier of sugar cane, ethanol, and other food related productsathanisugars.com

Employees and EPFO Compliance at Athani Sugars Limited

Athani Sugars Limited has a workforce of 2,020 employees as of Sep 24, 2025.

Employee count
2,020
Active EPFO establishments
1
Employee growth
-2.37%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Group Structure of Athani Sugars Limited

Athani Sugars has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key Subsidiaries
Company NameCINShares Held
Shivneri Sugars LimitedU15400PN2016PLC167162Locked

Showing major subsidiaries. Total: 1.

CIN History of Athani Sugars Limited

Athani Sugars has one previous CIN (Corporate Identification Number): U85110KA1995PLC017806. The current CIN is U40109KA1995PLC017806, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U40109KA1995PLC017806Current
U85110KA1995PLC017806Previous

Recent Activity on Athani Sugars Limited

Athani Sugars Limited has 35 board changes on record since 1998: 15 appointments and 20 cessations. The latest: Babasaheb Himmatrao Patil ceased to be Additional Director on 26 Sep 2025.

Charges
A charge with Tjsb Sahakari Bank Limited of Rs. 125.00 Cr registered on 05 Feb 2021 with Charge ID 100415473 was modified on 10 Dec 2025.
Charges
A charge registered on 25 Nov 2024 via Charge ID 101011686 with Others was fully satisfied on 20 Nov 2025.
Charges
A charge registered on 25 Nov 2024 via Charge ID 101012078 with Others was fully satisfied on 20 Nov 2025.
Charges
A charge with Others amounted to Rs. 80.00 Cr with Charge ID 101183819 was registered on 14 Nov 2025.
Charges
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 101183833 was registered on 14 Nov 2025.
AGM
Athani Sugars Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Ceased
Babasaheb Himmatrao Patil ceased to be Additional Director.
Ceased
Yashwant Shankarrao Patil Thorat ceased to be Additional Director.
Charges
A charge with Others of Rs. 185.00 Cr registered on 12 Mar 2025 with Charge ID 101065224 was modified on 19 Aug 2025.
Appointed
Babasaheb Himmatrao Patil was appointed as Director.
Appointed
Yashwant Shankarrao Patil Thorat was appointed as Director.
Charges
A charge registered on 22 May 2024 via Charge ID 100929501 with Others was fully satisfied on 02 Jun 2025.

267 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Athani Sugars Limited

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Subsidiaries & Group Companies of Athani Sugars Limited

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Corporate group structure

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GST Compliance of Athani Sugars Limited

Athani Sugars has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
29AABCA7092A1ZVKarnatakaActive01 Jul 2017
27AABCA7092A1ZZMaharashtraActive01 Jul 2017
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Athani Sugars Limited

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MCA filings and documents

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Frequently Asked Questions about Athani Sugars Limited

Athani Sugars is an active public limited company based in Karnataka, India. The company works in thermal power generation and plants, within the energy and power industry. It was incorporated on 25 May 1995 (31+ years old) and is registered under CIN U40109KA1995PLC017806.

Athani Sugars reported revenue of ₹1,606.27 Cr for FY 2025 (up 49% YoY).

Athani Sugars has 15 current directors:

Athani Sugars reported a net profit of ₹57.59 Cr (net margin 3.6%) and EBITDA of ₹225.53 Cr (EBITDA margin 14%) for FY 2025, as per its filed financial statements.

The GSTIN of Athani Sugars is 29AABCA7092A1ZV, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AABCA7092A1ZZ (Maharashtra).

The CIN (Corporate Identification Number) of Athani Sugars is U40109KA1995PLC017806. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Athani Sugars has 1,915 court cases on record: 1,813 filed by the company and 50 filed against it. 884 are pending. Most are in the district courts.

Athani Sugars was incorporated on 25 May 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.

The peers of Athani Sugars by revenue are Godavari Biorefineries Limited, Uttam Sugar Mills Limited, KPR Sugar and Apparels Limited, Rana Sugars Limited, Satish Sugars Limited and 5 more, all in the Agriculture industry (Sugar).

Babasaheb Himmatrao Patil ceased to be Additional Director on 26 Sep 2025. Yashwant Shankarrao Patil Thorat ceased to be Additional Director on 26 Sep 2025. Babasaheb Himmatrao Patil was appointed as Director on 19 Jul 2025. Athani Sugars has 35 board changes on record in total.

Athani Sugars has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 10 overdue payments to 8 micro and small suppliers. The latest return was filed on 08 Jun 2019.

Athani Sugars can be reached through the website athanisugars.com. Its registered office is in Karnataka, India.

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