Vishwaraj Sugar Industries Limited - agriculture in District Belgaum, Karnataka, India. FY 2026 financials and compliance.
CIN L85110KA1995PLC017730 Incorporated 02 May 1995 ROC Bangalore HQ District Belgaum, Karnataka, India
Active Listed - NSE: VISHWARAJ · BSE: 542852 Public Limited Company agriculture
Data last updated
Revenue · FY 2026
₹376.81 Cr
▼ 16.99% YoY
EBITDA · FY 2026
-₹3.75 Cr
▼ 119.4% YoY
Net profit · FY 2026
-₹28.17 Cr
▲ 23.91% YoY
Authorised capital
₹125 Cr
Registered with MCA
Paid-up capital
₹43.57 Cr
Issued & subscribed
Open charges
₹617.48 Cr
Satisfied ₹840.16 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
849
Latest available

About Vishwaraj Sugar Industries Limited

Data last updated: 11 January 2026

Vishwaraj Sugar Industries Limited is a public limited company based in District Belgaum, Karnataka, India. It specialises in sugar processing, a part of the broader agriculture sector. Incorporated on 02 May 1995, the company has been in operation for over 31 years.

Registered with ROC Bangalore under CIN L85110KA1995PLC017730. Listed on BSE: 542852 and NSE: VISHWARAJ.

Capital: an authorised share capital of ₹125 Cr and a paid-up capital of ₹43.57 Cr. Formerly known as Vishwanath Sugars Limited and Vishwanath Sugar and Steel Industries Limited. It is led by directors including Nikhil Umesh Katti and Mallikarjun Kadayya Pujar.

Last AGM: 24 September 2025. Financial statements filed for year ended 31 March 2024. Office: Bellad Bagewadi Taluk:: Hukkeri, District Belgaum, Karnataka, India – 591305.

As per the financials filed for FY 2025, the company reported a revenue of ₹461.55 Cr, a decline of 16% compared to the previous year.

The company has a workforce of approximately 849 employees as per the latest available data.

The company is associated with 1 brand - Vishwaraj Sugar Industries Limited. As per MCA filings, the company has open charges of ₹617.48 Cr and satisfied charges of ₹840.16 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vsil.co.in.

Company Details of Vishwaraj Sugar Industries Limited
CIN L85110KA1995PLC017730
Registration Number 017730
Incorporation Date 02 May 1995
ROC Bangalore
Listing Status Listed (BSE: 542852, NSE: VISHWARAJ)
Company Status Active
Date of Last AGM 24 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
  • Social Media
    **************
  • Registered Address
    Bellad Bagewadi Taluk:: Hukkeri, District Belgaum, Karnataka, India – 591305
  • Industry
    Agriculture, Sugar Processing
Company report
Vishwaraj Sugar Industries Limited - full intelligence report
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Financials, compliance, directors, charges, ownership and filings for Vishwaraj Sugar Industries Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of Vishwaraj Sugar Industries Limited

Vishwaraj Sugar Industries Limited has undergone 2 name changes throughout its history. The company was previously known as Vishwanath Sugars Limited, and Vishwanath Sugar And Steel Industries Limited.. The current legal name is Vishwaraj Sugar Industries Limited, reflecting the company's evolution and rebranding over time.

Company Name Status
Vishwaraj Sugar Industries Limited Current
Vishwanath Sugars Limited Previous
Vishwanath Sugar And Steel Industries Limited. Previous

CIN History of Vishwaraj Sugar Industries Limited

Vishwaraj Sugar Industries Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L85110KA1995PLC017730, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L85110KA1995PLC017730 Current
U85110KA1995PLC017730 Previous
U01542KA1995PLC017730 Previous

Associated Brands with Vishwaraj Sugar Industries Limited

Vishwaraj Sugar Industries Limited operates one associated brand: Vishwaraj Sugar Industries Limited. These brands represent Vishwaraj Sugar Industries Limited's diversified market presence and brand portfolio.

Brand Description Website
Sugar-based products are manufactured and packaged, with by-products produced. vsil.co.in

Business Activity of Vishwaraj Sugar Industries Limited

Vishwaraj Sugar Industries Limited is engaged in the principal business activity of manufacturing, with detailed activities including food, beverages and tobacco products, coke and refined petroleum products. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C1 Food, beverages and tobacco products *********
C Manufacturing C5 Coke and refined petroleum products *********

Auditor Details of Vishwaraj Sugar Industries Limited

Vishwaraj Sugar Industries Limited is audited by M/s. P. G. Ghali & Co. (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
M/s. P. G. Ghali & Co. (ICAI peer reviewed, certificate valid till 2027-07-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Vishwaraj Sugar Industries Limited

Vishwaraj Sugar Industries Limited is currently managed by 10 directors, with 29 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Nikhil Umesh Katti Managing Director 16 Jan 2009 17 Years 5 Months Current
Mallikarjun Kadayya Pujar Whole-Time Director 16 Jul 2025 0 Years 11 Months Current
Basavaraj Veerappa Hagaragi Director 30 Sep 2017 8 Years 9 Months Current
Kush Ramesh Katti Whole-Time Director 30 Jun 2013 13 Years 0 Months Current
Vishnukumar Mahadev Kulkarni Director 17 Jul 2020 5 Years 11 Months Current
Pramod Pratibha Munnolli Director 30 Sep 2017 8 Years 9 Months Current
Showing 6 of 10 current directors. View all directors

Financials of Vishwaraj Sugar Industries Limited FY 2026 filings available

Vishwaraj Sugar Industries Limited reported revenue of ₹376.81 Cr (down 16.99% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹376.81 Cr ▼ 16.99%
Profit · FY 2026
-₹28.17 Cr ▲ 23.91%
EBITDA · FY 2026
-₹3.75 Cr ▼ 119.4%
Revenue₹ Cr · Standalone0250500750FY 2020: ₹377 Cr377FY 2020FY 2021: ₹426 Cr · +13.2% YoY426+13.2%FY 2021FY 2022: ₹469 Cr · +9.9% YoY469+9.9%FY 2022FY 2023: ₹616 Cr · +31.5% YoY616+31.5%FY 2023FY 2024: ₹550 Cr · -10.8% YoY550-10.8%FY 2024FY 2025: ₹454 Cr · -17.4% YoY454-17.4%FY 2025FY 2026: ₹377 Cr · -17% YoY377-17%FY 2026
Net Profit₹ Cr · Standalone-50-250255075FY 2020: ₹8 Cr (loss)-7.9FY 2020FY 2021: ₹8 Cr · +205.2% YoY8.3+205.2%FY 2021FY 2022: ₹60 Cr · +625.4% YoY60.2+625.4%FY 2022FY 2023: ₹23 Cr (loss) · -139% YoY-23.4FY 2023FY 2024: ₹14 Cr · +161.8% YoY14.5+161.8%FY 2024FY 2025: ₹37 Cr (loss) · -355.4% YoY-37FY 2025FY 2026: ₹28 Cr (loss) · +23.9% YoY-28.2FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year0100200Q1'25: ₹101 Cr · -28.5% YoY101-28.5%Q1'25Q2'25: ₹93 Cr · -32.8% YoY92.8-32.8%Q2'25Q3'25: ₹93 Cr · -12.3% YoY93.2-12.3%Q3'25Q4'25: ₹167 Cr · +1.8% YoY167+1.8%Q4'25Q1'26: ₹133 Cr · +31.4% YoY133+31.4%Q1'26Q2'26: ₹55 Cr · -40.7% YoY55-40.7%Q2'26Q3'26: ₹78 Cr · -16.6% YoY77.7-16.6%Q3'26Q4'26: ₹111 Cr · -33.4% YoY111-33.4%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹376.81 Cr ₹453.92 Cr ₹549.7 Cr ₹616.49 Cr ₹468.75 Cr ₹426.46 Cr ₹376.74 Cr
Other Income ₹5.99 Cr ₹7.63 Cr ₹2.5 Cr ₹2.86 Cr ₹1.52 Cr ₹61.41 Lakh ₹1.41 Cr
Total Income ₹382.8 Cr ₹461.55 Cr ₹552.21 Cr ₹619.36 Cr ₹470.27 Cr ₹427.08 Cr ₹378.15 Cr
Cost of Materials Consumed ₹333.16 Cr ₹317.77 Cr ₹365.52 Cr ₹393.86 Cr ₹391.54 Cr ₹311.2 Cr ₹244.66 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories -₹15.25 Cr ₹39.99 Cr ₹27.09 Cr ₹63.13 Cr -₹79.31 Cr ₹5.46 Cr ₹36.15 Cr
Employee Benefit Expense ₹25.42 Cr ₹22.79 Cr ₹20.65 Cr ₹20.27 Cr ₹18.35 Cr ₹13.84 Cr ₹12.55 Cr
Finance Costs ₹29.74 Cr ₹34.27 Cr ₹30.5 Cr ₹27.54 Cr ₹32.28 Cr ₹35.66 Cr ₹41.74 Cr
Depreciation & Amortisation ₹18.28 Cr ₹16.11 Cr ₹15.91 Cr ₹15.98 Cr ₹15.51 Cr ₹14.75 Cr ₹14.57 Cr
Other Expenses ₹43.21 Cr ₹61.69 Cr ₹70.27 Cr ₹73.04 Cr ₹44.73 Cr ₹33.95 Cr ₹45.02 Cr
Total Expenses ₹434.56 Cr ₹492.62 Cr ₹529.92 Cr ₹593.81 Cr ₹423.09 Cr ₹414.85 Cr ₹394.69 Cr
Profit Before Exceptional Items & Tax -₹51.77 Cr -₹31.07 Cr ₹22.28 Cr ₹25.55 Cr ₹47.18 Cr ₹12.23 Cr -₹16.54 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax -₹51.77 Cr -₹31.07 Cr ₹22.28 Cr ₹25.55 Cr ₹47.18 Cr ₹12.23 Cr -₹16.54 Cr
Total Tax Expense -₹23.6 Cr ₹5.96 Cr ₹7.79 Cr ₹48.99 Cr -₹12.98 Cr ₹3.94 Cr -₹8.66 Cr
Net Profit -₹28.17 Cr -₹37.02 Cr ₹14.5 Cr -₹23.45 Cr ₹60.16 Cr ₹8.29 Cr -₹7.88 Cr
Other Comprehensive Income ₹64.76 Lakh -₹78.89 Lakh ₹7.18 Lakh ₹21.23 Lakh ₹17.84 Lakh -₹35.78 Lakh ₹20.95 Lakh
Total Comprehensive Income -₹27.52 Cr -₹37.81 Cr ₹14.57 Cr -₹23.23 Cr ₹60.34 Cr ₹7.94 Cr -₹7.67 Cr
EBITDA (computed) -₹3.75 Cr ₹19.32 Cr ₹68.69 Cr ₹69.06 Cr ₹94.97 Cr ₹62.63 Cr ₹39.77 Cr
Basic EPS ₹-1.26 ₹-1.74 ₹0.78 ₹-1.24 ₹3.21 ₹2.11 ₹-2.19
Diluted EPS ₹-1.26 ₹-1.74 ₹0.78 ₹-1.24 ₹3.21 ₹2.11 ₹0.00
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹827.75 Cr ₹818.53 Cr ₹799.17 Cr ₹726.17 Cr
Non-current Assets ₹508.3 Cr ₹482.51 Cr ₹415.97 Cr ₹307.86 Cr
Current Assets ₹319.46 Cr ₹336.02 Cr ₹383.2 Cr ₹418.31 Cr
Property, Plant & Equipment ₹480.95 Cr ₹276.47 Cr ₹286.65 Cr ₹298.07 Cr
Inventories ₹250.62 Cr ₹235.85 Cr ₹276.53 Cr ₹303.05 Cr
Trade Receivables ₹22.65 Cr ₹29.9 Cr ₹40.64 Cr ₹43.3 Cr
Cash & Equivalents ₹2.45 Cr ₹9.59 Cr ₹1.19 Cr ₹1.7 Cr
Equity (Net Worth) ₹252.95 Cr ₹280.48 Cr ₹268.29 Cr ₹255.6 Cr
Equity Share Capital ₹43.57 Cr ₹43.57 Cr ₹37.56 Cr ₹37.56 Cr
Borrowings (Non-current) ₹131.34 Cr ₹124.84 Cr ₹74.66 Cr ₹82.36 Cr
Borrowings (Current) ₹289.24 Cr ₹265.68 Cr ₹290.86 Cr ₹273.23 Cr
Total Debt (computed) ₹420.58 Cr ₹390.52 Cr ₹365.52 Cr ₹355.59 Cr
Current Liabilities ₹419.77 Cr ₹365.97 Cr ₹416.25 Cr ₹350.04 Cr
Total Liabilities ₹574.8 Cr ₹538.05 Cr ₹530.88 Cr ₹470.57 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹37.18 Cr ₹50.36 Cr ₹145.74 Cr ₹52.07 Cr ₹35.21 Cr
Investing Cash Flow -₹44.64 Cr -₹82.59 Cr -₹124.69 Cr -₹18.38 Cr -₹32.81 Cr
Financing Cash Flow ₹31.95 Lakh ₹40.73 Cr -₹22.44 Cr -₹44.26 Cr -₹38.1 Cr
Capital Expenditure ₹0 ₹0 ₹125.88 Cr ₹0 ₹33.23 Cr
Free Cash Flow (computed) ₹37.18 Cr ₹50.36 Cr ₹19.86 Cr ₹52.07 Cr ₹1.98 Cr
Dividends Paid ₹0 ₹0 ₹1.88 Cr ₹1.88 Cr ₹0
Net Change in Cash -₹7.14 Cr ₹8.5 Cr -₹1.4 Cr -₹10.57 Cr -₹35.7 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹111.03 Cr ₹77.68 Cr ₹55.04 Cr ₹133.06 Cr ₹166.68 Cr ₹93.2 Cr ₹92.78 Cr ₹101.25 Cr ₹163.71 Cr ₹106.24 Cr ₹138.05 Cr ₹141.71 Cr
Other Income ₹1.5 Cr ₹1.78 Cr ₹83.26 Lakh ₹1.87 Cr ₹5.44 Cr ₹62.1 Lakh ₹58.82 Lakh ₹98.2 Lakh ₹63.62 Lakh ₹59.96 Lakh ₹62.29 Lakh ₹64.33 Lakh
Total Income ₹112.53 Cr ₹79.47 Cr ₹55.87 Cr ₹134.93 Cr ₹172.12 Cr ₹93.82 Cr ₹93.37 Cr ₹102.24 Cr ₹164.35 Cr ₹106.84 Cr ₹138.67 Cr ₹142.35 Cr
Cost of Materials Consumed ₹133.04 Cr ₹198.68 Cr ₹72.12 Lakh ₹71.66 Lakh ₹116.26 Cr ₹200.64 Cr ₹1.56 Cr -₹69.8 Lakh ₹135.48 Cr ₹230.93 Cr -₹61.43 Lakh -₹27.81 Lakh
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories -₹44.41 Cr -₹141.21 Cr ₹47.91 Cr ₹122.47 Cr ₹10.34 Cr -₹150.15 Cr ₹84 Cr ₹95.81 Cr -₹16.89 Cr -₹194.74 Cr ₹116.44 Cr ₹122.28 Cr
Employee Benefit Expense ₹6.5 Cr ₹7.62 Cr ₹5.5 Cr ₹5.8 Cr ₹6.61 Cr ₹6.93 Cr ₹4.61 Cr ₹4.63 Cr ₹5.25 Cr ₹6.39 Cr ₹4.38 Cr ₹4.63 Cr
Finance Costs ₹14.38 Cr ₹4.08 Cr ₹4.61 Cr ₹6.67 Cr ₹6.16 Cr ₹13.43 Cr ₹7.31 Cr ₹7.36 Cr ₹9.32 Cr ₹7.02 Cr ₹6.67 Cr ₹7.49 Cr
Depreciation & Amortisation ₹4.79 Cr ₹3.86 Cr ₹3.95 Cr ₹4.06 Cr ₹3.74 Cr ₹3.82 Cr ₹3.9 Cr ₹3.98 Cr ₹3.74 Cr ₹3.85 Cr ₹3.91 Cr ₹3.98 Cr
Other Expenses ₹10.9 Cr ₹13.16 Cr ₹7.55 Cr ₹11.6 Cr ₹20.99 Cr ₹18.52 Cr ₹13.73 Cr ₹8.44 Cr ₹17.36 Cr ₹20.28 Cr ₹19.22 Cr ₹13.38 Cr
Total Expenses ₹125.2 Cr ₹86.18 Cr ₹70.24 Cr ₹151.32 Cr ₹164.11 Cr ₹93.19 Cr ₹115.11 Cr ₹119.52 Cr ₹154.26 Cr ₹73.72 Cr ₹150 Cr ₹151.49 Cr
Profit Before Exceptional Items & Tax -₹12.67 Cr -₹6.71 Cr -₹14.37 Cr -₹16.39 Cr ₹8.01 Cr ₹62.76 Lakh -₹21.74 Cr -₹17.29 Cr ₹10.09 Cr ₹33.12 Cr -₹11.33 Cr -₹9.14 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax -₹12.67 Cr -₹6.71 Cr -₹14.37 Cr -₹16.39 Cr ₹8.01 Cr ₹62.76 Lakh -₹21.74 Cr -₹17.29 Cr ₹10.09 Cr ₹33.12 Cr -₹11.33 Cr -₹9.14 Cr
Total Tax Expense -₹23.6 Cr ₹0 ₹0 ₹0 ₹5.96 Cr ₹0 ₹0 ₹0 ₹7.79 Cr ₹1.88 Cr ₹0 ₹0
Net Profit ₹10.93 Cr -₹6.71 Cr -₹14.37 Cr -₹16.39 Cr ₹2.06 Cr ₹62.76 Lakh -₹21.74 Cr -₹17.29 Cr ₹2.3 Cr ₹31.24 Cr -₹11.33 Cr -₹9.14 Cr
Other Comprehensive Income ₹64.77 Lakh ₹0 ₹0 ₹0 -₹78.89 Lakh ₹0 ₹0 ₹0 ₹7.18 Lakh ₹0 ₹0 ₹0
Total Comprehensive Income ₹11.58 Cr -₹6.71 Cr -₹14.37 Cr -₹16.39 Cr ₹1.27 Cr ₹62.76 Lakh -₹21.74 Cr -₹17.29 Cr ₹2.37 Cr ₹31.24 Cr -₹11.33 Cr -₹9.14 Cr
EBITDA (computed) ₹6.5 Cr ₹1.22 Cr -₹5.81 Cr -₹5.66 Cr ₹17.92 Cr ₹17.88 Cr -₹10.53 Cr -₹5.95 Cr ₹23.15 Cr ₹43.98 Cr -₹75.31 Lakh ₹2.33 Cr
Basic EPS ₹0.53 ₹-0.31 ₹-0.66 ₹-0.75 ₹0.06 ₹0.03 ₹-1.00 ₹-0.92 ₹0.13 ₹1.66 ₹-0.60 ₹-0.49
Diluted EPS ₹0.53 ₹-0.31 ₹-0.66 ₹-0.75 ₹0.06 ₹0.03 ₹-1.00 ₹-0.92 ₹0.13 ₹1.66 ₹-0.60 ₹-0.49
Latest 12 quarters shown of 25 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Sugar ₹79.88 Cr -₹43.28 Cr ₹314.55 Cr ₹463.76 Cr
Co-generation ₹11.11 Cr ₹6.61 Cr ₹62.35 Cr ₹23.58 Lakh
Distilery ₹16.28 Cr ₹42.51 Cr ₹408.42 Cr ₹152.91 Cr
IML ₹0 ₹57.63 Lakh ₹3.29 Cr ₹0
Vinegar Unit ₹4.18 Cr ₹1.09 Cr ₹21.62 Cr ₹65.9 Lakh
Other ₹21.04 Lakh ₹0 ₹0 ₹0
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Sugar ₹248.59 Cr -₹142.34 Cr - -
Co-generation ₹24.36 Cr ₹7.44 Cr - -
Distilery ₹94.1 Cr ₹112.04 Cr - -
IML ₹0 ₹2 Cr - -
Vinegar Unit ₹12.6 Cr ₹8.8 Cr - -
Other ₹51.88 Lakh ₹0 - -
Want more history and ratios?
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Shareholding Pattern of Vishwaraj Sugar Industries Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 29.05%, domestic institutional investors hold 2.03%, retail and other public shareholders hold 68.92% of Vishwaraj Sugar Industries Limited. The company had 145,857 shareholders on record.

Promoters: 29.05%DII (Domestic Institutional): 2.03%Retail & Others: 68.92%
Mar 2026
QUARTER
29.05% Promoters
2.03% DII (Domestic Institutional)
68.92% Retail & Others
Promoter holding - history
Now 29.05% · Mar 2026High 54.22% · Sep 2019Low 28.96% · Sep 2024
27%34.3%41.5%48.8%56%Sep 2019Mar 2021Sep 2022Mar 2024Sep 2025Sep 2019: 54.22%Dec 2019: 32.83%Mar 2020: 32.83%Jun 2020: 32.83%Sep 2020: 32.83%Dec 2020: 32.83%Mar 2021: 32.83%Jun 2021: 32.83%Sep 2021: 32.83%Dec 2021: 31.92%Mar 2022: 33.69%Jun 2022: 33.69%Sep 2022: 33.69%Dec 2022: 33.69%Mar 2023: 33.69%Jun 2023: 33.69%Sep 2023: 33.69%Dec 2023: 33.69%Mar 2024: 33.69%Jun 2024: 33.69%Sep 2024: 28.96%Dec 2024: 29.05%Mar 2025: 29.04%Jun 2025: 29.05%Sep 2025: 29.05%Dec 2025: 29.05%Mar 2026: 29.05%54.22%28.96%29.05%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters29.05%29.05%29.05%29.05%29.04%29.05%
Public70.95%70.95%70.95%70.95%70.96%70.95%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Promoters29.05%29.04%33.69%33.69%33.69%32.83%32.83%
Public70.95%70.96%66.31%66.31%66.31%67.17%67.17%
Promoter change (YoY, %pts)+0.01-4.65+0.00+0.00+0.86+0.00-

Board & Governance of Vishwaraj Sugar Industries Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Vishwaraj Sugar Industries Limited has 8 directors - 4 independent and 4 executive. The board is chaired by Nikhil Umesh Katti.

DirectorPositionOn board sinceListed boards
Nikhil Umesh Katti Executive Director · MD · Chairperson 2009-01-16 2
Kush Ramesh Katti Executive Director 2013-06-30 2
Basavaraj Veerappa Hagaragi Non-Executive - Independent Director 2017-09-30 2
VISHNUKUMAR MAHADEV KULKARNI Non-Executive - Independent Director 2020-07-17 1
Shivanand Basavanneppa Tubachi Non-Executive - Independent Director 2017-09-30 1
Pratibha Pramod Munnolli Non-Executive - Independent Director 2017-09-30 2
Sneha Nitin Dev Executive Director 2022-10-15 1
Mallikarjun Kadayya Pujar Executive Director 2025-07-16 1
Board Committees
CommitteeMembers
Audit Committee Shivanand Basavanneppa Tubachi (Chairperson), Kush Ramesh Katti, VISHNUKUMAR MAHADEV KULKARNI
Nomination and remuneration committee Basavaraj Veerappa Hagaragi (Chairperson), Pratibha Pramod Munnolli, VISHNUKUMAR MAHADEV KULKARNI
Stakeholders Relationship Committee Shivanand Basavanneppa Tubachi (Chairperson), Nikhil Umesh Katti, Sneha Nitin Dev
Risk Management Committee VISHNUKUMAR MAHADEV KULKARNI (Chairperson), Pratibha Pramod Munnolli, Sneha Nitin Dev
Corporate Social Responsibility Committee VISHNUKUMAR MAHADEV KULKARNI (Chairperson), Kush Ramesh Katti, Pratibha Pramod Munnolli

Charges & Borrowings of Vishwaraj Sugar Industries Limited

Open charges
₹617.48 Cr
Satisfied charges
₹840.16 Cr
Breakdown by lending institutions
Others₹263.00 Cr
Bank of India₹179.70 Cr
State Bank of India₹174.78 Cr
Latest charge details
DateLenderAmountStatus
29 Nov 2025 State Bank of India ₹100 Cr Open
29 Nov 2024 State Bank of India ₹74.5 Cr Open
12 Aug 2024 Others ₹125 Cr Open
07 Aug 2023 Others ₹25 Cr Open
14 Feb 2023 Others ₹60 Cr Open

Total charge records: 46 View all charges

Employees and EPFO Compliance at Vishwaraj Sugar Industries Limited

Vishwaraj Sugar Industries Limited has a workforce of 849 employees as of Mar 28, 2024.

Employee count
849
Active EPFO establishments
1
Employee growth
0.24%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Vishwaraj Sugar Industries Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Vishwaraj Sugar Industries Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Vishwaraj Sugar Industries Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Vishwaraj Sugar Industries Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Vishwaraj Sugar Industries Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Vishwaraj Sugar Industries Limited

MSME Payment Delays by Vishwaraj Sugar Industries Limited

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Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Vishwaraj Sugar Industries Limited

Subsidiaries & Group Companies of Vishwaraj Sugar Industries Limited

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Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Vishwaraj Sugar Industries Limited

MCA Filings & Documents of Vishwaraj Sugar Industries Limited

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Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Vishwaraj Sugar Industries Limited

Charges
16 Dec 2025
A charge registered on 28 Dec 2023 via Charge ID 100853524 with State Bank Of India was fully satisfied on 16 Dec 2025.
Charges
16 Dec 2025
A charge registered on 27 Jan 2015 via Charge ID 10549970 with State Bank Of India was fully satisfied on 16 Dec 2025.
Charges
29 Nov 2025
A charge with State Bank Of India amounted to Rs. 100.00 Cr with Charge ID 101205116 was registered on 29 Nov 2025.
Activity
24 Sep 2025
Vishwaraj Sugar Industries Limited last Annual general meeting of members was held on 24 Sep 2025 as per latest MCA records.
Directors
16 Jul 2025
Mallikarjun Kadayya Pujar was appointed as a Whole-time director on 16 Jul 2025 & has been associated with this company since 11 months 23 days.
Charges
29 Nov 2024
A charge with State Bank Of India amounted to Rs. 74.50 Cr with Charge ID 101020329 was registered on 29 Nov 2024.

Frequently Asked Questions about Vishwaraj Sugar Industries Limited

Vishwaraj Sugar Industries Limited is an active public limited company in the agriculture sector based in District Belgaum, Karnataka, India. It was incorporated on 02 May 1995 (31+ years old) and is registered under CIN L85110KA1995PLC017730. Listed on BSE: 542852 and NSE: VISHWARAJ. The company has 849 employees.

Vishwaraj Sugar Industries Limited reported revenue of ₹461.55 Cr for FY 2025 (down 16.00% YoY).

The current directors of Vishwaraj Sugar Industries Limited are:

The primary industry of Vishwaraj Sugar Industries Limited is agriculture. The company specifically operates in sugar processing. The company is currently active in this sector.

Yes. Vishwaraj Sugar Industries Limited is listed on both BSE (code: 542852) and NSE (symbol: VISHWARAJ).

Vishwaraj Sugar Industries Limited can be reached at the registered office: Bellad Bagewadi Taluk:: Hukkeri, District Belgaum, Karnataka, India – 591305, or through the website vsil.co.in.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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