Key Quantitative Figures

Standalone Financial Results (Q1 FY27 vs Q1 FY26):

  • Revenue from Operations: ₹13,744.06 lakhs (vs ₹17,134.32 lakhs YoY)
  • Marine Products: ₹12,953.61 lakhs
  • Solar Power: ₹75.81 lakhs
  • Other Income: ₹714.64 lakhs
  • Total Expenses: ₹13,007.71 lakhs
  • Profit Before Tax: ₹736.35 lakhs (vs ₹727.79 lakhs YoY)
  • Current Tax: ₹192.13 lakhs
  • Deferred Tax: (₹3.29) lakhs
  • Net Profit for Period: ₹547.51 lakhs (vs ₹545.60 lakhs YoY)
  • Total Comprehensive Income: ₹328.55 lakhs
  • Basic EPS: ₹0.82 (vs ₹0.81 YoY)
  • Diluted EPS: ₹0.82 (vs ₹0.81 YoY)
  • Paid-up Capital: ₹1,339.55 lakhs (unchanged)

Consolidated Financial Results (Q1 FY27):

  • Revenue from Operations: ₹26,215.26 lakhs
  • Other Income: ₹1,057.99 lakhs
  • Total Revenue: ₹27,273.25 lakhs
  • Profit Before Tax: ₹1,445.89 lakhs
  • Net Profit for Period: ₹1,157.40 lakhs
  • Total Comprehensive Income: ₹938.44 lakhs
  • Basic EPS: ₹1.73
  • Diluted EPS: ₹1.73

Dates of Action

  • Board Meeting Date: 03rd August, 2026 (commenced 11:15 AM, concluded 1:00 PM)
  • Record Date for Dividend: Thursday, August 20, 2026
  • 45th Annual General Meeting: Thursday, 27th August, 2026
  • Quarter Ended: 30th June, 2026

Parties Involved

  • Statutory Auditors: Brahmayya & Co., Chartered Accountants
  • Subsidiaries: Continental Fisheries India Limited, Coastal Biotech Private Limited, Seacrest Seafoods Inc. (USA)
  • Regulatory Bodies: SEBI, BSE, NSE, Ministry of Corporate Affairs
  • New Counterparty: Food Corporation of India (FCI)

Purpose/Rationale

The Board meeting was held to approve quarterly financial results, declare dividend record date, approve AGM materials, and consider business development opportunities including FCI registration.

Financial Impact Disclosures

  • Dividend payment will be made within stipulated time period if approved at AGM
  • Investment in Seacrest Seafoods Inc. amounts to ₹2,500.00 lakhs with no impairment provision
  • Financial impact of FCI registration not quantified in disclosure

Capital Structure Impact

No change in paid-up capital reported. Dividend payment will reduce cash reserves if approved.

Auditor Qualifications

Auditors issued a qualified opinion regarding non-provision of impairment loss allowance on investment in M/s. Seacrest Seafoods Inc. amounting to ₹2,500.00 lakhs. The Board believes no impairment exists due to expected tariff refunds from US government based on Supreme Court of US instructions.

Forward-looking Information

  • Expected substantial refund from US government for Seacrest subsidiary
  • FCI registration expected to enable procurement of rice and other eligible food grains
  • Buy-back proposal for Seacrest shares has been dropped due to market volatility

Additional Business Updates

  • Company recognized as Three Star Export House by Government of India
  • Operational units in Visakhapatnam and Kakinada SEZ