SAKTHI SUGARS LTD. - Board Meeting Outcome for Outcome Of Board Meeting

We wish to inform that the Board of Directors of the Company at its meeting held today has approved the following:<BR> <BR> a. Unaudited Statement of Financial Results of the Company for the quarter ended 31st December 2022 pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. We enclose the following:<BR> <BR> 1. Unaudited Statement of Financial Results of the Company (Standalone) for the quarter ended 31st December 2022 together with Segment Results as at that date.<BR> <BR> 2. A copy of the Limited Review Report of the Statutory Auditors, M/s. P.N.Raghavendra Rao & Co., Coimbatore.<BR> <BR> b. Phoenix ARC Private Limited, which has taken over the loan liabilities of the Company on assignment from ARCIL, has agreed for restructure of the outstanding loan amount of Rs.567.82 crores at Rs.151.15 crores after remission of outstanding interest amounting to Rs.480.73 crores. <BR> <BR> The Board Meeting commenced at 11.45 AM and concluded at 1.15 PM.<BR> <BR> <BR>