Summary of Key Information:
Reporting Period (Quarter/Year): Fourth Quarter (Q4) and Financial Year (FY) ended 31st March 2026
Nature of Filing / Announcement: Outcome of Board Meeting, Audited Financial Results, Dividend Recommendation, Director Appointments, and Capex Approval
Date of Board Meeting / Approval: 30th May 2026
Audit Opinion: Qualified Opinion on Standalone Results, Unmodified Opinion on Consolidated Results
Auditor’s Comment: The auditors issued a qualified opinion on the standalone results due to non-provision of an impairment loss allowance of ₹3009.85 lakhs on the investment in the wholly owned foreign subsidiary, M/s. Seacrest Seafoods Inc. The management believes no impairment is necessary as a substantial tariff refund from the US government is expected based on a Supreme Court ruling.
Key Financial Highlights [unit: Rupees in Lakhs]
Standalone Results:
Revenue from Operations (FY): ₹70,706.05 (Previous Year: ₹62,347.45)
Total Income (FY): ₹70,706.05
Net Profit (FY): ₹1,350.24 (Previous Year: ₹739.99)
EPS (FY): ₹2.02 (Previous Year: ₹1.10)
Other Equity (as of 31.03.2026): ₹28,773.47
Cash and Cash Equivalents (as of 31.03.2026): ₹373.28
Debt (as of 31.03.2026):
- Short-term Borrowings: ₹24,959.37
- Long-term Borrowings: ₹5,588.08
- Total Borrowings: ₹30,547.45
Consolidated Results:
Revenue from Operations (FY): ₹96,691.43 (₹87,712.66 from Goods + ₹8,966.69 from Trading + ₹387.08 from Solar)
Total Income (FY): ₹99,528.76
Net Profit (FY): ₹2,665.69 (Previous Year: ₹448.16)
EPS (FY): ₹3.98 (Previous Year: ₹0.67)
Other Equity (as of 31.03.2026): ₹27,029.62
Cash and Cash Equivalents (as of 31.03.2026): ₹7,021.74
Debt (as of 31.03.2026):
- Short-term Borrowings: ₹36,069.59
- Long-term Borrowings: ₹11,876.21
- Total Borrowings: ₹47,945.80
Segment-wise Performance:
The entire operations of the Company relate to only one segment. Hence segmental reporting as per Ind AS 108 is not applicable.
Corporate Actions:
Dividend: The Board recommended a Final Dividend of ₹0.28/- (14%) per equity share of ₹2/- each for the financial year 2025-2026. The record date is not specified.
Other Significant Information:
Expansion / Capex: The Board approved a proposal for setting up a 300 KLPD (Kilo Litres Per Day) Ethanol Manufacturing Plant at Kalahandi District, Odisha, in its wholly owned subsidiary M/s. Coastal Biotech Private Limited. The estimated project cost is approximately ₹350 Crores.
Subsidiary Update: The wholly owned subsidiary M/s Coastal Biotech Private Limited is fully operational and has started selling grain-based Ethanol to Oil Marketing Companies (OMCs).
Labour Code Impact: The adoption of new Labour Codes resulted in an increase in gratuity and leave liability by ₹297 lakhs, recognized in the books of account.
Investment in Subsidiary: The investment in M/s. Seacrest Seafoods Inc. (USA) is subject to a significant audit qualification regarding impairment. Management expects a refund of tariffs paid in the US, which would improve the subsidiary's financial position.