About Sri Sai Basava Sugars Limited
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Sri Sai Basava Sugars Limited is a public limited company based in Sindgi, Karnataka, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 26 July 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U28259KA1995PLC048389. Its GSTIN is 29AADCM2301C1Z3 (Karnataka).
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹33.49 Cr. It was formerly known as Manali Sugars Limited. It is led by directors including Jawahar Vasantrao Hunagund (Managing Director) and Suresh Basangouda Patil.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sindgi, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹96.03 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net profit of ₹15.73 Lakh (net margin 0.2%) and EBITDA of ₹19.03 Cr (EBITDA margin 19.8%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 2% over five years.
The company has about 196 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹145 Cr and satisfied charges of ₹290.49 Cr on record. Court records list 137 cases involving the company, including 102 filed by the company and 35 filed against it; 30 cases are pending. The company has 3 deals on record (3 funding rounds), with disclosed funding of ₹28.96 Cr; the latest was in October 2013. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website manalisugars.com.
Company details
CIN history
Sri Sai Basava Sugars has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U28259KA1995PLC048389, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28259KA1995PLC048389 | Current |
| U01542KA1995PLC048389 | Previous |
| U01542TZ1995PLC006369 | Previous |
Contact details
Sri Sai Basava Sugars Limited's registered office is in Sindgi, Karnataka. Its website is manalisugars.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAt Post Malaghan, Taluk Almel, Sindgi, Karnataka, India – 586128
- IndustryAgriculture, Sugar Processing
To see the full contact details of Sri Sai Basava 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 Sri Sai Basava Sugars are manufacturing and electricity, gas, steam and air conditioning supply. In detail, this covers manufacture of food products and electricity, gas, steam and air conditioning supply. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 10 | Manufacture of food products | |
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply |
To see the full business activity and turnover split of Sri Sai Basava Sugars Limited, buy the company report.
Financials of Sri Sai Basava Sugars Limited
FY 2025 filings availableSri Sai Basava Sugars Limited reported revenue of ₹96.03 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 2%. EBITDA rose 53% 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 | ₹19.03 Cr | ||||
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| Net Profit (PAT) | ₹15.73 Lakh | ||||
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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 | 19.8% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of Sri Sai Basava Sugars Limited, buy the company report.
Board of directors and KMP of Sri Sai Basava Sugars Limited
Sri Sai Basava Sugars Limited currently reports 4 directors and 1 key managerial person. 7 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jawahar Vasantrao Hunagund | Managing Director | 01 Dec 2023 | 2 Years 10 Months | Current |
| Kanchi Srinivas Also directs: V3 Electronics India Private Limited | Company Secretary | 30 Jul 2024 | 2 Years 2 Months | Current |
| Suresh Basangouda Patil Also directs: Sampat Varshini Chit Funds Private Limited | Director | 01 Jul 2023 | 3 Years 3 Months | Current |
| Krishtappa Dundappa Udapudi | Director | 01 Jul 2023 | 3 Years 3 Months | Current |
| Krishnamurthy Seshatri Iyagriv | Director | 22 Jul 2023 | 3 Years 3 Months | Current |
Auditor
Sri Sai Basava Sugars Limited is audited by VHAVLE & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VHAVLE & CO. | FY 2023 | 013027S |
Shareholding
The shareholding of Sri Sai Basava 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 Sri Sai Basava Sugars Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Oct 2025 | 101168297 | Others | ₹20 Cr | Open | |
| 03 Jun 2025 | 101105915 | Others | ₹25 Cr | Open | |
| 08 May 2025 | 101091010 | Others | ₹100 Cr | Open | |
| 29 Nov 2023 | 100834067 | Others | ₹49 Cr | Satisfied | |
| 31 Mar 2018 | 100173223 | Others | ₹43.39 Cr | Satisfied |
To see the full charge records of Sri Sai Basava Sugars Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Sri Sai Basava Sugars Limited has 3 deals on record (3 funding rounds), with disclosed funding of ₹28.96 Cr; the latest was in October 2013.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2013 | Funding round | ₹22.23 Cr | Investors: Others - Manali Sugars Limited, 3 individuals |
| Aug 2010 | Funding round | ₹2.92 Cr | Investors: Others - Manali Sugars Limited, 3 individuals |
| Sep 2008 | Funding round | ₹3.81 Cr | Investors: Kaveri Investment LLC, Others - Manali Sugars Limited, 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sri Sai Basava Sugars Limited has 137 court cases on record: 102 filed by Sri Sai Basava Sugars, 35 filed against it. 30 cases are pending and 107 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 119 | 27 | 24 |
| High courts | 14 | 4 | 2 |
| NCLAT | 4 | 4 | 4 |
Cases on record (5 of 137)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Appeal | Filed by the company against Core Green Sugar and Fuels Pvt. Ltd., and 7 others | Pending |
| NCLAT, Court I | Tribunal matter | Filed against the company by Indian Renewable Energy Development Agency Limited | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against Loknete Baburao Patil Agro Industries Ltd and 7 others | Disposed |
| High Court, KARNATAKA | Court case (RP) | Filed against the company by M/S Bangalore Electricity Supply Company Ltd and 4 others | Disposed |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Indian Renewable Energy Development Agency Limited | Disposed |
To see the full case history of Sri Sai Basava 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.
MSME payment delays
Sri Sai Basava Sugars Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Sri Sai Basava Sugars Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sri Sai Basava Sugars Limited has a workforce of 196 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Sri Sai Basava Sugars has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCM2301C1Z3 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sri Sai Basava Sugars Limited, buy the company report.
Recent activity
Sri Sai Basava Sugars Limited has 19 board changes on record since 2006: 12 appointments and 7 cessations. The latest: Kanchi Srinivas was appointed as Company Secretary on 30 Jul 2024.
35 earlier events are in the company report.
Frequently asked questions
Sri Sai Basava Sugars is an active public limited company based in Sindgi, Karnataka, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 26 July 1995 (31+ years old) and is registered under CIN U28259KA1995PLC048389.
Sri Sai Basava Sugars has 5 current directors and KMP:
- Jawahar Vasantrao Hunagund - Managing Director
- Suresh Basangouda Patil - Director
- Krishtappa Dundappa Udapudi - Director
- Krishnamurthy Seshatri Iyagriv - Director
- Kanchi Srinivas - Company Secretary
The latest financial statements of Sri Sai Basava Sugars on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sri Sai Basava Sugars is 29AADCM2301C1Z3, registered in Karnataka.
The CIN (Corporate Identification Number) of Sri Sai Basava Sugars is U28259KA1995PLC048389. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sri Sai Basava Sugars has 137 court cases on record: 102 filed by the company and 35 filed against it. 30 are pending. Most are in the district courts.
Sri Sai Basava Sugars was incorporated on 26 July 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.
Sri Sai Basava Sugars has 3 deals on record (3 funding rounds), with disclosed funding of ₹28.96 Cr; the latest was in October 2013.
Kanchi Srinivas was appointed as Company Secretary on 30 Jul 2024. Jawahar Vasantrao Hunagund was appointed as Managing Director on 01 Dec 2023. Gurusangappagouda Balappagouda Padekanur ceased to be Director on 22 Jul 2023. Sri Sai Basava Sugars has 19 board changes on record in total.
Sri Sai Basava Sugars has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 30 Apr 2024.
Sri Sai Basava Sugars can be reached through the website manalisugars.com. Its registered office is in Sindgi, Karnataka, India.