About Shree Basaveshwar Sugars Limited
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Shree Basaveshwar Sugars Limited is a public limited company based in Bijapur, Karnataka, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 10 January 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U15421KA2001PLC028434. Its GSTIN is 29AANCS3203R1ZP (Karnataka).
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹60 Cr. It is led by directors including Kathiravan and Dhayalan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bijapur, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹241.94 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹4.11 Cr (net margin -1.7%) and EBITDA of ₹17.69 Cr (EBITDA margin 7.3%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 3% over five years.
The company has about 326 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹798.66 Cr and satisfied charges of ₹47.5 Cr on record. Court records list 104 cases involving the company, including 81 filed by the company and 23 filed against it; 46 cases are pending. The company has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹59.72 Cr; the latest was in March 2018.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shreebasaveshwarsugars.com.
Company details
Contact details
Shree Basaveshwar Sugars Limited's registered office is in Bijapur, Karnataka. Its website is shreebasaveshwarsugars.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressJyoti Nilaya Sy.No.13/E Plot No.6 Ward No.21, Gurupadeshwer Nagar B. Bagewadi Road Vijayapura, Bijapur, Karnataka, India – 586109
- IndustryAgriculture, Sugar Processing
To see the full contact details of Shree Basaveshwar Sugars Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Shree Basaveshwar Sugars is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Shree Basaveshwar Sugars Limited, buy the company report.
Financials of Shree Basaveshwar Sugars Limited
FY 2024 filings availableShree Basaveshwar Sugars Limited reported revenue of ₹241.94 Cr (down 28% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 28% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 14% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹17.69 Cr | ||||
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| Net Profit (PAT) | -₹4.11 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 7.3% | ||||
| Net Profit Margin | -1.7% | ||||
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To see the full financial statements and ratios of Shree Basaveshwar Sugars Limited, buy the company report.
Board of directors of Shree Basaveshwar Sugars Limited
Shree Basaveshwar Sugars has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kathiravan | Director | 04 Sep 2015 | 11 Years 1 Months | Current |
| Dhayalan | Director | 07 Jun 2021 | 5 Years 4 Months | Current |
| Arunachalam Srinivasan | Director | 14 Sep 2010 | 16 Years 1 Months | Current |
| Hosakote Channabasappa Gowda Halappa Also directs: Shree Basaveshwar Energy Ventures Private Limited | Director | 30 Sep 2013 | 13 Years 1 Months | Current |
Auditor
Shree Basaveshwar Sugars Limited is audited by DASARATHAN AND CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DASARATHAN AND CO | FY 2024 | 00068S |
Shareholding
The shareholding of Shree Basaveshwar Sugars Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shree Basaveshwar Sugars Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Oct 2024 | 101011921 | Bank of India | ₹20 Cr | Open | |
| 21 Oct 2024 | 100991965 | Others | ₹22 Cr | Open | |
| 26 Sep 2015 | 10610519 | Others | ₹88.16 Cr | Open | |
| 26 Sep 2015 | 10602013 | Ifci Limited | ₹13.88 Cr | Open | |
| 23 Mar 2015 | 10567296 | Others | ₹88.16 Cr | Open |
To see the full charge records of Shree Basaveshwar Sugars Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Shree Basaveshwar Sugars Limited has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹59.72 Cr; the latest was in March 2018.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2016 | Rights issue | ₹23.1 Lakh | Investors: an individual |
| Mar 2014 | Funding round | ₹58.27 Cr | Investors: Sathyanarayanan & Company, Palanimurugan & Company, 2 individuals |
| Sep 2010 | Funding round | ₹1.45 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shree Basaveshwar Sugars Limited has 104 court cases on record: 81 filed by Shree Basaveshwar Sugars, 23 filed against it. 46 cases are pending and 58 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 65 | 11 | 30 |
| High courts | 30 | 5 | 13 |
| NCLT | 5 | 5 | 1 |
| Supreme Court | 2 | 0 | 0 |
| NCLAT | 2 | 2 | 2 |
Cases on record (5 of 104)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, NCLT Bengaluru | Insolvency matter | Filed against the company by Maximus Arc Limited | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against Indian Renewable Energy Development Agency Limited | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Ms Indian Renewable Energy Development Agency Ltd | Pending |
| NCLT, Bengaluru | Insolvency matter | Filed against the company by Indian Renewable Energy Developmentagency Limited | Disposed |
| NCLT, Bengaluru | Insolvency matter | Filed against the company by Uttam Industrial Engineering Privatelimited | Disposed |
To see the full case history of Shree Basaveshwar Sugars Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Shree Basaveshwar Sugars Limited was last rated by Indiarating on 27 Apr 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 27 Apr 2018 |
To see the full credit ratings and regulatory alerts of Shree Basaveshwar Sugars Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shree Basaveshwar Sugars Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shree Basaveshwar Sugars Limited has a workforce of 326 employees on its EPFO records as of Sep 17, 2025, across 1 active EPFO establishment.
GST
Shree Basaveshwar Sugars has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AANCS3203R1ZP | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shree Basaveshwar Sugars Limited, buy the company report.
Recent activity
Shree Basaveshwar Sugars Limited has 18 board changes on record since 2010: 5 appointments and 13 cessations. The latest: Subburaj Manojkumar was appointed as Managing Director on 14 Jul 2025.
30 earlier events are in the company report.
Frequently asked questions
Shree Basaveshwar Sugars is an active public limited company based in Bijapur, Karnataka, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 10 January 2001 (25+ years old) and is registered under CIN U15421KA2001PLC028434.
Shree Basaveshwar Sugars has 4 current directors:
- Kathiravan - Director
- Dhayalan - Director
- Arunachalam Srinivasan - Director
- Hosakote Channabasappa Gowda Halappa - Director
The latest financial statements of Shree Basaveshwar Sugars on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Shree Basaveshwar Sugars is 29AANCS3203R1ZP, registered in Karnataka.
The CIN (Corporate Identification Number) of Shree Basaveshwar Sugars is U15421KA2001PLC028434. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shree Basaveshwar Sugars has 104 court cases on record: 81 filed by the company and 23 filed against it. 46 are pending. Most are in the district courts.
Shree Basaveshwar Sugars was incorporated on 10 January 2001, making it 25+ years old. It is registered with the Registrar of Companies, Bangalore.
Shree Basaveshwar Sugars has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹59.72 Cr; the latest was in March 2018.
Subburaj Manojkumar was appointed as Managing Director on 14 Jul 2025. Pasupathy Mani ceased to be Director on 05 Dec 2024. Ananth ceased to be Director on 03 Jan 2022. Shree Basaveshwar Sugars has 18 board changes on record in total.
Shree Basaveshwar Sugars can be reached through the website shreebasaveshwarsugars.com. Its registered office is in Bijapur, Karnataka, India.