About Sovereign Industries Limited
Data last updated: 25 July 2025
Sovereign Industries Limited is a public limited company based in Mudhol, Karnataka, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It specialises in sugar processing, a part of the broader agriculture sector. Incorporated on 05 January 2009, the company has been in operation for over 17 years.
Registered with ROC Bangalore under CIN U74900KA2009PLC069837.
Capital: an authorised share capital of ₹26 Cr and a paid-up capital of ₹4.22 Cr. It is led by directors including Shivakumar Malagan and Konduru Prasanth Raju.
Last AGM: 30 September 2022. Financial statements filed for year ended 31 March 2022. Office: 2Nd Floor Triveni Complex Yadwad Road, Mudhol, Karnataka, India – 587313.
As per MCA filings, the company has open charges of ₹292.04 Cr on record.
The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional, and the company may not be able to independently enter into new commitments. The last known website on record is sovereignsugars.com.
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Registered Address2Nd Floor Triveni Complex Yadwad Road, Mudhol, Karnataka, India – 587313
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IndustryAgriculture, Sugar Processing
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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CIN History of Sovereign Industries Limited
Sovereign Industries Limited has one previous CIN (Corporate Identification Number): U74900AP2009PLC062456. The current CIN is U74900KA2009PLC069837, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900KA2009PLC069837 | Current |
| U74900AP2009PLC062456 | Previous |
Business Activity of Sovereign Industries Limited
Sovereign Industries Limited operates primarily in the manufacturing sector. The company has 1 registered business activity segment, reflecting its diverse operational portfolio.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Manufacturing | Locked | Food, beverages and tobacco products | Locked |
Detailed business activity records for Sovereign Industries Limited
Activity codes and turnover contribution percentages require an active report plan.
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Auditor Details of Sovereign Industries Limited
Sovereign Industries Limited is audited by NAGAYYACHARANTIMATH for the financial year 2022. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NAGAYYACHARANTIMATH | Locked | Locked | Locked |
Complete auditor history for Sovereign Industries Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
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Board of Directors of Sovereign Industries Limited
Sovereign Industries Limited is currently managed by 5 directors, with 9 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Shivakumar Malagan
Also directs:
Lokapur Cements Limited
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Director | 01 Jan 2012 | 14 Years 7 Months | As last reported |
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Konduru Prasanth Raju
Also directs:
True-Blue Realty Private Limited
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Irp/Rp/Liquidator | 18 Mar 2024 | 2 Years 4 Months | As last reported |
| Gurappa Reddi | Director | 05 May 2014 | 12 Years 3 Months | As last reported |
| Basavaraj Ningappa Arakeri | Director | 15 Sep 2017 | 8 Years 10 Months | As last reported |
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Ritesh Raghunath Mahajan
Also directs:
Ekana Propcon Llp, 5000Camels Hospitality Private Limited
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Irp/Rp/Liquidator | 23 Aug 2023 | 2 Years 11 Months | As last reported |
Financials of Sovereign Industries Limited FY 2022 filings available
Ten-year financial statements for Sovereign Industries Limited
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Ownership and Shareholding of Sovereign Industries Limited
Shareholding and ownership data for Sovereign Industries Limited
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Charges & Borrowings of Sovereign Industries Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Jul 2017 | Others | ₹10 Cr | Open |
| 28 Mar 2017 | Others | ₹7.04 Cr | Open |
| 22 Jun 2016 | Others | ₹30 Cr | Open |
| 22 Mar 2016 | The Karnatka State Co-Operative Apex Bank Ltd | ₹35 Cr | Open |
| 07 Apr 2015 | The Karnatka State Co-Operative Apex Bank Ltd | ₹61 Cr | Open |
Total charge records: 6 View all charges
Employees and EPFO Compliance at Sovereign Industries Limited
View historical data on people associated with Sovereign Industries Limited, including employment history and EPFO contributions.
Employee and EPFO history for Sovereign Industries Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Sovereign Industries Limited
GST registrations and filing compliance for Sovereign Industries Limited
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Credit Ratings, Litigation & Regulatory Alerts for Sovereign Industries Limited
Credit ratings, litigation, and regulatory alerts for Sovereign Industries Limited
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MSME Payment Delays by Sovereign Industries Limited
MSME payment history for Sovereign Industries Limited
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Subsidiaries & Group Companies of Sovereign Industries Limited
Corporate group structure for Sovereign Industries Limited
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MCA Filings & Documents of Sovereign Industries Limited
MCA filings and documents for Sovereign Industries Limited
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Recent Activity on Sovereign Industries Limited
Frequently Asked Questions about Sovereign Industries Limited
Sovereign Industries Limited is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Sovereign Industries Limited is a company under insolvency, formerly operating as a public limited company in the agriculture sector based in Mudhol, Karnataka, India. It was incorporated on 05 January 2009 and is registered under CIN U74900KA2009PLC069837. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
The current directors of Sovereign Industries Limited are:
- Shivakumar Malagan - Director
- Konduru Prasanth Raju - Irp/Rp/Liquidator
- Gurappa Reddi - Director
- Basavaraj Ningappa Arakeri - Director
- Ritesh Raghunath Mahajan - Irp/Rp/Liquidator
The CIN (Corporate Identification Number) of Sovereign Industries Limited is U74900KA2009PLC069837. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sovereign Industries Limited has open charges of ₹292.04 Cr and no satisfied charges on record as per latest MCA filings.
The primary industry of Sovereign Industries Limited is agriculture. The company specifically operates in sugar processing.