MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-UP-60-0001234
Novel Sugar Limited - agriculture in Kanpur, Uttar Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹124.59 Cr
▼ 33% YoY
Net profit · FY 2025
₹1.05 Cr
Net margin 0.8%
EBITDA · FY 2025
₹8.8 Cr
EBITDA margin 7.1%
Authorised capital
₹18 Cr
Registered with MCA
Paid-up capital
₹16.88 Cr
Issued & subscribed
Open charges
₹1,803.37 Cr
Satisfied ₹2,015.54 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
173
Provident fund records
About Novel Sugar Limited
Data last updated:
Novel Sugar Limited is a public limited company based in Kanpur, Uttar Pradesh, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 14 July 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U10720UP2003PLC027697. Its GSTIN is 09AACCB2480N1ZE (Uttar Pradesh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹18 Cr and a paid-up capital of ₹16.88 Cr. It was formerly known as Bajaj Sugar Limited. It is led by directors including Udit Kumar Rastogi (Whole-Time Director) and Yogesh Agarwal.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 3A/275 Azad Nagar, Kanpur, Uttar Pradesh, India – 208002.
As per the financials filed for FY 2025, the company reported a revenue of ₹124.59 Cr, a decline of 33% compared to the previous year. For the same year it recorded a net profit of ₹1.05 Cr (net margin 0.8%) and EBITDA of ₹8.8 Cr (EBITDA margin 7.1%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 7% over five years.
The company has about 173 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,803.37 Cr and satisfied charges of ₹2,015.54 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 1 case is pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹4.73 Cr; the latest was in March 2021. Its 8 peer companies in the Agriculture industry (Sugar), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 4 larger and 4 smaller; the largest is Uttar Pradesh State Sugar Corpn Limited with revenue of ₹131.21 Cr.
Novel Sugar Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-60-0001234). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rimjhimispat.com.
Company details
CIN U10720UP2003PLC027697
Registration Number 027697
Incorporation Date 14 July 2003
ROC Kanpur
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-UP-60-0001234
CIN history
Novel Sugar has one previous CIN (Corporate Identification Number): U15424UP2003PLC027697. The current CIN is U10720UP2003PLC027697, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U10720UP2003PLC027697 | Current |
| U15424UP2003PLC027697 | Previous |
Key People
Udit Kumar Rastogi Whole-Time Director Deepshikha Chainani Company Secretary Yogesh Agarwal Director Recognitions & Rankings of Novel Sugar
Contact details
Novel Sugar Limited's registered office is in Kanpur, Uttar Pradesh. Its website is rimjhimispat.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3A/275 Azad Nagar, Kanpur, Uttar Pradesh, India – 208002
- IndustryAgriculture, Sugar Processing
To see the full contact details of Novel Sugar Limited, buy the company report.
Comprehensive company report
Novel Sugar Limited - one report that includes everything
- 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
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Business activity
The main business activity of Novel Sugar is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Novel Sugar Limited, buy the company report.
Financials of Novel Sugar Limited
FY 2025 filings availableNovel Sugar Limited reported revenue of ₹124.59 Cr (down 33% YoY) for FY 2025.
Revenue · FY 2025
₹124.59 Cr ▼ 33%
Net profit · FY 2025
₹1.05 Cr margin 0.8%
EBITDA · FY 2025
₹8.8 Cr margin 7.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 33%
3 years · compounded
▼ 5%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 2%
5 years · compounded
▲ 7%
Revenue fell 33% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 9% 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 | ₹8.8 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.05 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.1% | ||||
| Net Profit Margin | 0.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Novel Sugar Limited, buy the company report.
Board of directors and KMP of Novel Sugar Limited
Novel Sugar Limited currently reports 3 directors and 1 key managerial person. 9 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Udit Kumar Rastogi | Whole-Time Director | 12 Nov 2011 | 14 Years 11 Months | Current |
| Deepshikha Chainani | Company Secretary | 01 Dec 2023 | 2 Years 10 Months | Current |
| Yogesh Agarwal Also directs: Rimjhim Metal Works Limited, Rimjhim Ispat Limited, Juhi Alloys Private Limited and 2 more | Director | 15 Oct 2004 | 22 Years 0 Months | Current |
| Anupam Kumar | Director | 14 Jul 2003 | 23 Years 3 Months | Current |
Peer comparison
Novel Sugar Limited is compared with the 8 companies closest to it by revenue in the Agriculture industry (Sugar), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Uttar Pradesh State Sugar Corpn Limited | ₹131.21 Cr (FY 2016) | 9.0% | Uttar Pradesh, India | |||
| Shree Tuljabhavani Sugar Private Limited | ₹129.71 Cr (FY 2025) | 256.0% | Parbhani, Maharashtra, India | |||
| Trident Sugars Limited | ₹126.4 Cr (FY 2019) | 49.0% | Zaheerabad, Telangana, India | |||
| Soubhagya Laxmi Sugars Limited | ₹126.32 Cr (FY 2019) | 90.0% | Gokak, Karnataka, India | |||
| Novel Sugar Limitedthis company | ₹124.59 Cr (FY 2025) | ₹1.05 Cr | 0.8% | -33.0% | 173 | Kanpur, Uttar Pradesh, India |
| Venus Sugar Limited | ₹123.04 Cr (FY 2024) | 5.0% | Chandausi, Uttar Pradesh, India | |||
| Vanshika Sugar & Power Industries Limited | ₹122.14 Cr (FY 2025) | 55.0% | Narsinghpur, Madhya Pradesh, India | |||
| SPR Sugars Private Limited | ₹121.82 Cr (FY 2024) | Bangalore, Karnataka, India | ||||
| Reliable Sugar & Distillery Power Limited | ₹120.75 Cr (FY 2022) | 99.0% | Radhanagari, Maharashtra, India |
To see the full peer comparison of Novel Sugar Limited, buy the company report.
Auditor
Novel Sugar Limited is audited by Sanjay Ram Kishore and Company for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sanjay Ram Kishore and Company | FY 2024 | 012372C |
Shareholding
The shareholding of Novel Sugar Limited is on record for 3 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Novel Sugar Limited, buy the company report.
Charges & borrowings
Open charges
₹1,803.37 Cr
Satisfied charges
₹2,015.54 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jun 2025 | 101120413 | Others | ₹1,777.68 Cr | Open | |
| 21 Aug 2024 | 100969949 | State Bank of India | ₹25 Cr | Open | |
| 03 Oct 2023 | 100798451 | Axis Bank Limited | ₹68.97 Lakh | Open | |
| 29 Sep 2022 | 100619782 | Canara Bank | ₹15 Cr | Satisfied | |
| 29 Sep 2022 | 100619838 | Canara Bank | ₹20 Cr | Satisfied |
To see the full charge records of Novel Sugar Limited, buy the company report.
Total charge records: 39 View all charges
Deals & funding
Novel Sugar Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹4.73 Cr; the latest was in March 2021.
Total deals
3
Secondary share transfers
2
Funding round
1
Disclosed funding
₹4.73 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2007 | Funding round | ₹4.73 Cr | Investors: Pincon Spirit Limited , Dumt Tradevest Private Limited , Baghbaan Distributors Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Novel Sugar Limited has 5 court cases on record: 3 filed by Novel Sugar, 2 filed against it. 1 case is pending and 4 are disposed.
Total cases
5
Filed by the company
3
Filed against the company
2
Pending
1
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kanpur Nagar, Uttar Pradesh | Revision petition | Filed by the company against Nideshak Rolkon Projects Pvt Ltd. and 3 others | Disposed |
| District court, Kanpur Nagar, Uttar Pradesh | Criminal miscellaneous application | Filed by the company against Nideshak Rolkon Projects Pvt Ltd. and 3 others | Disposed |
| District court, Central, Delhi | Civil suit | Filed against the company by Ashbee Systems Pvt Ltd | Disposed |
| District court, Chandauli, Uttar Pradesh | Criminal case | Filed against the company by State of U.P. | Pending |
| High Court, UTTARPRADESH | Court case (WTAX) | Filed by the company against State of U.P. and 2 Others | Disposed |
To see the full case history of Novel Sugar 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Novel Sugar Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Novel Sugar Limited has a workforce of 173 employees on its EPFO records as of Aug 26, 2025, across 1 active EPFO establishment.
Employee count
173
Active EPFO establishments
1
Employee growth
6.13%
GST
Novel Sugar has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AACCB2480N1ZE | Uttar Pradesh | Active | 01 Jul 2017 |
| 09AACCB2480N1DN | Uttar Pradesh | Active | 14 Nov 2024 |
To see the full GST registrations and return filing status of Novel Sugar Limited, buy the company report.
Recent activity
Novel Sugar Limited has 11 board changes on record since 2003: 4 appointments and 7 cessations. The latest: Deepshikha Chainani was appointed as Company Secretary on 01 Dec 2023.
Charges
A charge registered on 10 Apr 2013 via Charge ID 10423375 with Others was fully satisfied on 28 Nov 2025.
Charges
A charge registered on 27 Dec 2021 via Charge ID 100538525 with Others was fully satisfied on 08 Nov 2025.
AGM
Novel Sugar Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 1,777.68 Cr with Charge ID 101120413 was registered on 12 Jun 2025.
Charges
A charge registered on 27 Dec 2021 via Charge ID 100538515 with Others was fully satisfied on 12 Jun 2025.
Charges
A charge registered on 22 Mar 2007 via Charge ID 10043973 with Others was fully satisfied on 12 Jun 2025.
Filing
Novel Sugar Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kanpur.
Charges
A charge registered on 29 Sep 2022 via Charge ID 100619838 with Canara Bank was fully satisfied on 02 Sep 2024.
Charges
A charge with State Bank Of India amounted to Rs. 25.00 Cr with Charge ID 100969949 was registered on 21 Aug 2024.
Charges
A charge registered on 29 Sep 2022 via Charge ID 100619782 with Canara Bank was fully satisfied on 05 Jul 2024.
Charges
A charge with Others of Rs. 75.00 Cr registered on 22 Mar 2007 with Charge ID 10043973 was modified on 20 Feb 2024.
Charges
A charge with Others of Rs. 958.00 Cr registered on 10 Apr 2013 with Charge ID 10423375 was modified on 12 Jan 2024.
85 earlier events are in the company report.
Frequently asked questions
Novel Sugar is an active public limited company based in Kanpur, Uttar Pradesh, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 14 July 2003 (23+ years old) and is registered under CIN U10720UP2003PLC027697.
Novel Sugar has 4 current directors and KMP:
- Udit Kumar Rastogi - Whole-Time Director
- Yogesh Agarwal - Director
- Anupam Kumar - Director
- Deepshikha Chainani - Company Secretary
The latest financial statements of Novel Sugar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Novel Sugar is 09AACCB2480N1ZE, registered in Uttar Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 09AACCB2480N1DN (Uttar Pradesh).
The CIN (Corporate Identification Number) of Novel Sugar is U10720UP2003PLC027697. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novel Sugar has 5 court cases on record: 3 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Novel Sugar was incorporated on 14 July 2003, making it 23+ years old. It is registered with the Registrar of Companies, Kanpur.
Novel Sugar has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹4.73 Cr; the latest was in March 2021.
The peers of Novel Sugar by revenue are Uttar Pradesh State Sugar Corpn Limited, Shree Tuljabhavani Sugar Private Limited, Trident Sugars Limited, Soubhagya Laxmi Sugars Limited, Venus Sugar Limited and 3 more, all in the Agriculture industry (Sugar), with the same principal business activity (food, beverages and tobacco products).
Deepshikha Chainani was appointed as Company Secretary on 01 Dec 2023. Manoj Kumar Gupta ceased to be Director on 10 Mar 2022. Krishan Kumar Garg ceased to be Director on 01 Jun 2019. Novel Sugar has 11 board changes on record in total.
Yes, Novel Sugar is registered as a medium enterprise under Udyam registration (number: UDYAM-UP-60-0001234).