Simbhaoli Sugars will be issuing preferential shares worth Rs 40 crore to the company's promoters as well as some investors. A special resolution in this regard was passed at the company’s extra-ordinary general meeting held on March 13, 2013.
Further, the company’s shareholder has also passed a special resolution on increasing authorized share capital of the company from Rs 40 crore to 75 crore.
Simbhaoli Sugars has three sugar plants (Simbhaoli and Brijnathpur, Western UP and Chilwaria, Eastern UP) with a combined, crushing capacity of 20,100 TCD. It is capable of producing a wide range of world-class sugars i.e. white crystal refined sugar, pharmaceutical grade sugar, EU grade sugar (foe exports), superfine sugars, sugar cubes and candy sugar.
