Key Quantitative Figures

  • Revenue from Operations: ₹32,410.00 lakhs (FY 2025-26) vs ₹10,303.55 lakhs (FY 2024-25) - 214.56% increase
  • Net Profit: ₹2,316.70 lakhs (FY 2025-26) vs ₹722.10 lakhs (FY 2024-25) - 220.83% increase
  • Earnings Per Share: ₹13.89 (Basic/Diluted) vs ₹24.07 previous year
  • Total Assets: ₹11,746.28 lakhs (Mar 2026) vs ₹3,910.54 lakhs (Mar 2025)
  • Authorized Share Capital: ₹2,500 lakhs (250 lakh shares of ₹10 each)
  • Paid-up Share Capital: ₹1,672.73 lakhs (167.27 lakh shares of ₹10 each) as of Mar 31, 2026

Dates of Action

  • AGM Date: October 3, 2026 at 11:00 AM IST
  • Cut-off Date for Voting: September 28, 2026
  • E-voting Period: September 30, 2026 (9:00 AM) to October 2, 2026 (5:00 PM)
  • Bonus Issue Dates: May 19, 2025 (30 lakh shares) and February 18, 2026 (104.55 lakh shares)
  • Private Placement: May 30, 2025 (2.73 lakh shares at ₹110 per share)
  • IPO Dates: Subscription June 29-July 1, 2026; Allotment July 2, 2026; Listing July 6, 2026

Parties Involved

  • Statutory Auditors: M/s. Kheria & Company (FRN: 144903W)
  • Internal Auditors: M/s. Amit Verma & CO. (FRN: 143975W)
  • Bankers: ICICI Bank Limited
  • RTA: KFIN Technologies Limited
  • Scrutinizer for E-voting: CS Rohini Pimple (PIMPLE & ASSOCIATES)
  • Listed on: BSE Limited (SME Platform)

Capital Structure Impact

  • Bonus Issues: Issued 134.55 lakh equity shares during FY 2025-26
  • Private Placement: Issued 2.73 lakh shares at premium of ₹100 per share
  • Post-IPO Capital: ₹2,301.73 lakhs (230.17 lakh shares) as of signing date
  • Promoter Holding: Mr. Narayanswamy Venkitkrishnan and Mr. Shubham Ratan Sharma each hold 75.89 lakh shares (45.37%)

Corporate Governance

  • Board Composition: 6 Directors (3 Executive, 3 Independent)
  • Women Directors: 2 (Ms. Jigisha Narayanswamy and Ms. Shilpa Bung)
  • Board Meetings: 36 meetings held during FY 2025-26
  • Key Managerial Personnel: Mr. Narayanswamy Venkitkrishnan (MD), Ms. Manisha Agrawal (CFO), Ms. Snehal Gajanan Mhatre (CS)

Subsidiary Update

  • Adon Agro Trading L.L.C. (Dubai subsidiary) incorporated but did not commence operations
  • Board approved disposal of Dubai subsidiary by liquidation on August 5, 2026
  • Approval for new subsidiary in Chile obtained
  • No consolidated financial statements required as subsidiary was inactive

Related Party Transactions

  • Transactions with DRAPS Ventures Private Limited: Purchases ₹903.15 lakhs, Commission ₹49.50 lakhs
  • Professional fees to Sakhi Sharma: ₹18.00 lakhs
  • All transactions at arm's length basis

CSR Activities

  • CSR Obligation: ₹8.42 lakhs (2% of average net profit)
  • CSR Expenditure: ₹9.83 lakhs (exceeding obligation by ₹1.41 lakhs)
  • Focus areas: Eradicating hunger, poverty, malnutrition; promoting preventive healthcare

Subsequent Events

  • IPO Completion: Fresh issue of 62.90 lakh equity shares at ₹70 per share (₹60 premium)
  • Listing: Equity shares listed on BSE SME Platform on July 6, 2026
  • Post-IPO Capital: ₹2,301.73 lakhs (230.17 lakh shares)

Voting Arrangements

  • E-voting through NSDL platform
  • Physical voting at registered office in Navi Mumbai
  • Scrutinizer appointed for vote counting
  • Results to be posted on company website and NSDL platform

Dividend

  • No dividend recommended for FY 2025-26
  • Entire profit retained for future expansion and working capital requirements

Foreign Exchange Exposure

  • Export Turnover: ₹1,292.16 lakhs (USD 14.80 lakhs)
  • Unhedged Exposure: USD 28.74 lakhs in trade payables, receivables, and advances
  • Foreign Exchange Gain: ₹75.24 lakhs recorded in Other Income

Employee Strength

  • Total Employees: 65 (33 Male, 32 Female)
  • Average Salary Increase: 215.1% for employees excluding KMP
  • Gratuity Liability: ₹6.86 lakhs (actuarial valuation)

Registered Office Change

  • Shifted from Z-2123 to I-3029, Akshar Business Park, Vashi, Navi Mumbai effective April 1, 2025

Trademark Applications

  • Applied for trademarks in classes 29, 30, 32, 33, and 35
  • 'Hunger Nuts' trademark registered in class 29 on March 23, 2026

Litigation

  • Customs Matter: Writ petition filed regarding seizure of imported walnuts
  • Bank Guarantee: ₹341.12 lakhs furnished for provisional release of goods
  • No other significant material orders from regulators/courts