The EID Parry Sivagangai distillery sale moved a step closer on November 13 when the board of E.I.D.-Parry (India) Ltd approved a proposed ₹45.90 crore cash deal with SVRAJU Agro Private Limited. The company cited tighter supplies of sugarcane and molasses in Tamil Nadu and the economics of sourcing molasses from other states.
The standalone molasses-based distillery in Udaikulam village generated ₹119.58 crore in total income in the financial year ended March 31, 2026, or about 3% of EID Parry’s total income, according to its stock exchange filing. EID Parry’s investment in the unit stood at about ₹9.84 crore at the end of the financial year, equivalent to 0.52% of the company’s net worth.
EID Parry targets completion within three months
The proposed slump sale would transfer the distillery as a going concern, including its employees, assets, licences, contracts and liabilities. EID Parry plans to sign the business transfer agreement within 30 days of board approval and expects the transaction to close within three months, subject to approvals and other closing conditions. The proposed price is subject to financial and legal due diligence and any adjustments the parties agree.
SVRAJU Agro was incorporated on September 29, 2026. EID Parry said the buyer is outside its promoter group and the deal falls outside related-party transactions. The company said the sale would allow it to direct resources towards its core businesses.
Related coverage from Bioenergy Business includes the feedstock rules for India’s ESY 2026–27 ethanol tender and the company-wise breakdown of first-round ethanol allocations.
