About Shamanur Sugars Limited
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Shamanur Sugars Limited is a public limited company based in Davanagere, Karnataka, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 09 May 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1995PLC017794. Its GSTIN is 29AAKCS3216P1ZR (Karnataka).
The company has an authorised share capital of ₹173 Cr and a paid-up capital of ₹128.02 Cr. It is led by directors including Shamanur Shivashankarappa Bakkesh (Managing Director) and Shamanur Bakkesh Aashik (Whole-Time Director).
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 D.No.374 4th Main Road Pj. Extension Davangere – 2 Pj. Extension, Davanagere, Karnataka, India – 577002.
As per the financials filed for FY 2025, the company reported a revenue of ₹277.34 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net loss of ₹18.79 Cr (net margin -6.8%) and EBITDA of ₹17.08 Cr (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 5% over five years.
As per MCA filings, the company has open charges of ₹196.03 Cr and satisfied charges of ₹253.82 Cr on record. Court records list 98 cases involving the company, including 50 filed by the company and 48 filed against it; 23 cases are pending. The company has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹128.02 Cr; the latest was in February 2022. Its 9 peer companies in the Agriculture industry (Alcoholic Beverages, Sugar), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 5 larger and 4 smaller; the largest is Dhanashree Agro Products Private Limited with revenue of ₹282.22 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shamanursugars.com.
Company details
CIN history
Shamanur Sugars has one previous CIN (Corporate Identification Number): U01542KA1995PLC017794. The current CIN is U85110KA1995PLC017794, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1995PLC017794 | Current |
| U01542KA1995PLC017794 | Previous |
Contact details
Shamanur Sugars Limited's registered office is in Davanagere, Karnataka. Its website is shamanursugars.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressD.No.374 4th Main Road Pj. Extension Davangere – 2 Pj. Extension, Davanagere, Karnataka, India – 577002
- IndustryAgriculture, Sugar Processing
To see the full contact details of Shamanur 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 activities of Shamanur Sugars are manufacturing, electricity, gas, steam and air condition supply and trade. 4 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | |
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Shamanur Sugars Limited, buy the company report.
Financials of Shamanur Sugars Limited
FY 2024 filings availableShamanur Sugars Limited reported revenue of ₹277.34 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 7% growth in the latest year. EBITDA fell 48% 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 | ₹17.08 Cr | ||||
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| Net Profit (PAT) | -₹18.79 Cr | ||||
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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 | 6.2% | ||||
| Net Profit Margin | -6.8% | ||||
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To see the full financial statements and ratios of Shamanur Sugars Limited, buy the company report.
Board of directors of Shamanur Sugars Limited
Shamanur Sugars has 5 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shamanur Bakkesh Aashik | Whole-Time Director | 24 Oct 2012 | 14 Years 0 Months | Current |
| Shamanur Shivashankarappa Bakkesh Also directs: Mafatlal Plywood Industries Private Limited | Managing Director | 02 Jun 1995 | 31 Years 4 Months | Current |
| Shamanur Bakkesh Adit | Whole-Time Director | 06 Feb 2019 | 7 Years 8 Months | Current |
| Arethol Sangappa Niranjan | Director | 12 May 2025 | 1 Years 5 Months | Current |
| Preethi Bakkesh | Director | 31 Jul 2023 | 3 Years 2 Months | Current |
Peer comparison
Shamanur Sugars Limited is compared with the 9 companies closest to it by revenue in the Agriculture industry (Alcoholic Beverages, 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 |
|---|---|---|---|---|---|---|
| Dhanashree Agro Products Private Limited | ₹282.22 Cr (FY 2022) | 17.0% | Uttarakhand, India | |||
| Shri Subhash Sugar Private Limited | ₹281.74 Cr (FY 2025) | 58.0% | Pune, Maharashtra, India | |||
| Dewan Sugars Limited | ₹279.07 Cr (FY 2025) | -42.0% | Meerut, Uttar Pradesh, India | |||
| Shakti Sugar Mill Private Limited | ₹278.49 Cr (FY 2025) | 86.0% | Indore, Madhya Pradesh, India | |||
| P B S Foods (Sugar) Private Limited | ₹278.33 Cr (FY 2025) | -11.0% | Chandpur, Uttar Pradesh, India | |||
| Shamanur Sugars Limitedthis company | ₹277.34 Cr (FY 2025) | -₹18.79 Cr | -6.8% | 7.0% | Davanagere, Karnataka, India | |
| MRN Bhima Sugar and Power Private Limited | ₹275.79 Cr (FY 2024) | 122.0% | Pune, Maharashtra, India | |||
| Kalpatharu Breweries & Distilleries Private Limited | ₹275.64 Cr (FY 2024) | 25.0% | Bangalore, Karnataka, India | |||
| Mohan Goldwater Breweries Limited | ₹275.21 Cr (FY 2025) | 37.0% | Kanpur, Uttar Pradesh, India | |||
| Lakshmiji Sugar Mills Company Limited | ₹273.47 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India |
To see the full peer comparison of Shamanur Sugars Limited, buy the company report.
Auditor
Shamanur Sugars Limited is audited by SUNIL G C & CO., for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUNIL G C & CO., | FY 2023 | 016709S |
Shareholding
The shareholding of Shamanur Sugars Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shamanur Sugars Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2022 | 100563758 | Others | ₹64 Cr | Open | |
| 17 Sep 2021 | 100478832 | Others | ₹20 Cr | Open | |
| 29 Mar 2021 | 100452385 | Others | ₹70 Cr | Open | |
| 06 Jun 2016 | 100064922 | Others | ₹15 Cr | Open | |
| 30 Dec 2014 | 10570728 | State Bank of Mysore | ₹15 Cr | Open |
To see the full charge records of Shamanur Sugars Limited, buy the company report.
Total charge records: 24 View all charges
Deals & funding
Shamanur Sugars Limited has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹128.02 Cr; the latest was in February 2022.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Funding round | ₹38.02 Cr | Investors: 3 individuals |
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Shamanur Sugars Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shamanur Sugars Limited has 98 court cases on record: 50 filed by Shamanur Sugars, 48 filed against it. 23 cases are pending and 75 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 69 | 33 | 16 |
| High courts | 20 | 9 | 3 |
| Supreme Court | 9 | 6 | 4 |
Cases on record (5 of 98)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed against the company by Karnataka Power Transmission Corporation Limited | Pending |
| High Court | Writ petition | Filed by the company against M/S Karnataka State Beverages Corporation Limited and 6 others | Pending |
| Supreme Court | Appeal | Filed by the company against Karnataka and 1 other | Pending |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Bangalore Electricity Supply Co. Ltd. Its General Manager K. R. Circle , District: Bangalore ,Bangalore , Karnataka | Pending |
| High Court | Appeal | Filed against the company by Karnataka Power Transmission Corporation Limited, and 1 other | Disposed |
To see the full case history of Shamanur 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
Shamanur Sugars Limited was last rated by Icra on 21 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 21 Mar 2022 |
To see the full credit ratings and regulatory alerts of Shamanur Sugars Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shamanur Sugars Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shamanur Sugars has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCS3216P1ZR | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shamanur Sugars Limited, buy the company report.
Recent activity
Shamanur Sugars Limited has 17 board changes on record since 1995: 10 appointments and 7 cessations. The latest: Ekoramaradhya Inahalli Puttappa ceased to be Director on 28 Sep 2025.
56 earlier events are in the company report.
Frequently asked questions
Shamanur Sugars is an active public limited company based in Davanagere, Karnataka, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 09 May 1995 (31+ years old) and is registered under CIN U85110KA1995PLC017794.
Shamanur Sugars has 5 current directors:
- Shamanur Shivashankarappa Bakkesh - Managing Director
- Shamanur Bakkesh Aashik - Whole-Time Director
- Shamanur Bakkesh Adit - Whole-Time Director
- Arethol Sangappa Niranjan - Director
- Preethi Bakkesh - Director
The latest financial statements of Shamanur 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 Shamanur Sugars is 29AAKCS3216P1ZR, registered in Karnataka.
The CIN (Corporate Identification Number) of Shamanur Sugars is U85110KA1995PLC017794. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shamanur Sugars has 98 court cases on record: 50 filed by the company and 48 filed against it. 23 are pending. Most are in the district courts.
Shamanur Sugars was incorporated on 09 May 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.
Shamanur Sugars has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹128.02 Cr; the latest was in February 2022.
The peers of Shamanur Sugars by revenue are Dhanashree Agro Products Private Limited, Shri Subhash Sugar Private Limited, Dewan Sugars Limited, Shakti Sugar Mill Private Limited, P B S Foods (Sugar) Private Limited and 4 more, all in the Agriculture industry (Alcoholic Beverages, Sugar), with the same principal business activity (food, beverages and tobacco products).
Ekoramaradhya Inahalli Puttappa ceased to be Director on 28 Sep 2025. Arethol Sangappa Niranjan was appointed as Director on 12 May 2025. Preethi Bakkesh was appointed as Director on 31 Jul 2023. Shamanur Sugars has 17 board changes on record in total.
Shamanur Sugars can be reached through the website shamanursugars.com. Its registered office is in Davanagere, Karnataka, India.