Key Decisions and Approvals
The Board of Directors of Aveer Foods Limited at their meeting held on Thursday, August 13, 2026, considered/approved the following items:
1. Un-audited Financial Results for Quarter Ended 30 June 2026
The Board approved the unaudited financial results for the quarter ended 30 June 2026, along with notes and Limited Review Report. Key financial figures (Amount in Rs. Lakhs):
Income Statement:
- Revenue from Operations: ₹3,444.71
- Other Income: ₹2.10
- Total Income: ₹3,446.81
- Cost of Materials Consumed: ₹2,085.49
- Purchase of Stock in trade: ₹767.56
- Changes in inventories: (₹653.65)
- Employees Benefit Expenses: ₹259.38
- Finance Costs: ₹20.41
- Depreciation & Amortisation Expenses: ₹63.41
- Other expenditure: ₹824.86
- Total Expenses: ₹3,367.46
- Profit before tax: ₹79.35
- Tax expense: ₹20.34
- Profit after tax: ₹59.01
- Earnings Per Share (Basic): ₹1.32
- Earnings Per Share (Diluted): ₹1.32
- Paid-up Equity Share Capital: ₹448.04
Comparative Figures:
- Quarter Ended 31 March 2026: Profit after tax ₹36.70 lakh
- Quarter Ended 30 June 2025: Profit after tax ₹52.91 lakh
- Year Ended 31 March 2026: Profit after tax ₹356.28 lakh
2. Re-appointment of Whole-Time Director
The Board approved and recommended the re-appointment of Mr. Bapu Ramchandra Gavhane (DIN: 00386217) as Executive Director designated as Whole-Time Director for a further period of 1 year commencing from 31 October 2026 to 30 October 2027, subject to shareholder approval at the ensuing Annual General Meeting.
Director Profile: Mr. Bapu Gavhane has vast experience in Finance, Accounts and Taxation and also coordinates activities of the Company. He is not debarred from holding the office of director by virtue of any SEBI order.
3. Annual General Meeting
The 7th Annual General Meeting of the Company will be held on Tuesday, September 29, 2026 at 11:30 AM through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).
4. Appointment of Scrutinizer
CS Satish Chandrashekhar Kadrolli, Partner of M/s. Satish & Satish, Practicing Company Secretaries, Pune, has been appointed as the Scrutinizer for the e-voting process for the ensuing Annual General Meeting.
5. Book Closure Period
The Register of Members and Share Transfer Books will remain closed from Wednesday, September 23, 2026 to Tuesday, September 29, 2026 (both days inclusive) for the purpose of voting at the Annual General Meeting.
6. Cut Off Date for E-Voting
The Board fixed Tuesday, September 22, 2026 as the cutoff date to record entitlement of members to cast their votes electronically for the business to be transacted at the AGM.
7. E-Voting Period
The remote e-voting period commences on Saturday, September 26, 2026 at 9:00 a.m. (IST) and ends on Monday, September 28, 2026 at 5:00 p.m. (IST).
8. Record Date for Dividend
The Board fixed Tuesday, September 22, 2026 to determine entitlement of shareholders to the final dividend for financial year 2025-26 (as previously intimated on May 28, 2026).
Meeting Timing
The Board meeting commenced at 11:30 AM and concluded at 2:00 PM on August 13, 2026.
Financial Reporting Notes
The financial results were prepared in accordance with Indian Accounting Standards (IND AS) and SEBI Listing Regulations. The company recognizes 'Sale of Processed Food items' as its only primary business segment with no reportable segments. Figures for the quarter ended 31 March 2026 are balancing figures between audited annual figures and previously published quarterly figures.
Auditor Review
Statutory Auditors M/s. SBH & Co. Chartered Accountants conducted a limited review and issued an unmodified review report on the unaudited financial results for the quarter ended 30 June 2026.