AGM Details
Event: 32nd Annual General Meeting
Date: Wednesday, September 30, 2026
Time: 11:30 AM IST
Venue: Registered Office at Dwarka Thirumala Road, Denduluru Village and Mandal, Eluru District, AP–534432
E-Voting Schedule
Service Provider: CDSL E-Voting
E-Voting Period: September 27, 2026 (9:00 AM IST) to September 29, 2026 (5:00 PM IST)
Cut-off Date/Record Date: September 23, 2026
Book Closure: September 24, 2026 to September 30, 2026 (both days inclusive)
EVSN: 260907071
Business Items for AGM
1. Adoption of Audited Standalone Financial Statements for FY 2025-26
2. Appointment of Director in place of retiring director - Mrs. Phani Anupama Vankineni (DIN: 00935032) who retires by rotation
Financial Performance Summary (₹ in Lakhs)
Revenue from Operations: ₹15,295.18 (FY25: ₹14,355.70) - 6.54% growth
Profit Before Tax: ₹337.60 (FY25: ₹348.70)
Profit After Tax: ₹252.33 (FY25: ₹251.49)
EPS: ₹0.11 (FY25: ₹0.17)
Key Financial Position (as of March 31, 2026)
Property, Plant & Equipment: ₹1,290.32 lakh
Capital Work-in-Progress: ₹299.61 lakh
Inventories: ₹4,615.21 lakh (FY25: ₹3,973.63 lakh)
Trade Receivables: ₹2,981.19 lakh (FY25: ₹839.41 lakh)
Total Borrowings: ₹3,929.51 lakh (FY25: ₹3,636.97 lakh)
Cash & Cash Equivalents: ₹7.07 lakh (FY25: ₹66.94 lakh)
Dividend Information
No dividend recommended for FY 2025-26. Profits retained for reinvestment.
Share Capital Structure
Authorized Share Capital: ₹35,00,00,000
Paid-up Share Capital: ₹23,84,30,766 comprising 23,84,30,766 Equity Shares of ₹1 each
Shareholding Pattern: Promoters 63.49%, Public 36.51%
Demat Percentage: 97.30% shares in dematerialized form
Board of Directors
Managing Director: Mr. Bhanu Prakash Vankineni (DIN: 00919910)
Executive Director & CFO: Mr. Kiran Kumar Vankineni
Non-Executive Non-Independent Director: Mrs. Phani Anupama Vankineni (DIN: 00935032)
Independent Directors: Mr. Durga Prasad Vajjha, Mr. Lokeswararao Nelluri, Mr. Mohammed Baba
Key Managerial Personnel
CFO: Mr. Kiran Kumar Vankineni
Company Secretary & Compliance Officer: Mr. Ankit Singhal
Operational Highlights
- Company engaged in manufacturing, processing and trading of edible oils, food products, feed products and agricultural commodities
- Continued refinery facility enhancements and operational efficiency improvements
- Revenue growth driven by higher business turnover
- Maintained comparable profitability despite dynamic business environment
- Focus on efficient resource utilization and working capital management
Related Party Transactions
Significant transactions with related parties:
- Purchases from Adithya Rice Mill: ₹5,510.78 lakh
- Purchases from Adithya Commercials India Private Limited: ₹8,119.25 lakh
- Sales to E-Way Lipids Private Limited: ₹2,142.25 lakh
- Loans from related parties: ₹881.09 lakh outstanding
- Trade receivables from related parties: ₹2,211.79 lakh (74% of total receivables)
Regulatory Compliance Issues
- Paid SOP fines to BSE for delayed filing of shareholding patterns (₹2,000 + GST for 1-day delay in September 2025 quarter; ₹8,000 + GST for 4-day delay in June 2025 quarter)
- Undisputed statutory dues outstanding for more than 6 months: Income tax liabilities of ₹309.71 lakh and TDS liabilities of ₹29.64 lakh
- Contingent liabilities: Income tax demands of ₹1,027.17 lakh for FY 2022-23 and interest liabilities of ₹295.33 lakh
Key Ratios
Current Ratio: 2.10 (FY25: 2.12)
Debt-Equity Ratio: 0.59 (FY25: 0.56)
Inventory Turnover Ratio: 3.56 (FY25: 4.59)
Trade Receivables Turnover Ratio: 8.01 (FY25: 5.16)
Return on Equity: 3.84% (FY25: 6.10%)
Employee Information
Total Employees: 18 permanent employees as of March 31, 2026
Employee Benefit Expenses: ₹85.50 lakh (FY25: ₹51.55 lakh)
Gratuity Liability: Recognized ₹14.13 lakh for the first time through actuarial valuation
Corporate Governance
- Conducted 5 Board meetings during FY25-26
- All independent directors provided confirmation of independence
- Familiarization programs conducted for independent directors
- Whistleblower mechanism in place with no complaints during the year
- Anti-sexual harassment policy implemented with no cases filed
Risk Factors Identified
1. Commodity Price Risk - Exposure to fluctuations in oilseeds and edible oil prices
2. Raw Material Availability Risk - Dependence on agricultural commodity availability
3. Credit Risk - Significant concentration in trade receivables (74% from single related party)
4. Liquidity and Working Capital Risk - Increased inventory and receivables impacting liquidity
5. Regulatory Compliance Risk - Outstanding tax liabilities and delayed filings
Rights Issue Utilization
Proceeds from FY24-25 rights issue of ₹4,466.55 lakh utilized as:
- Adjustment of promoter unsecured loans: ₹2,674.53 lakh
- Working capital requirements: ₹1,500.00 lakh
- General corporate purposes: ₹225.73 lakh
- Issue-related expenses: ₹66.28 lakh
Auditor Qualifications
Statutory auditors highlighted two key audit matters:
1. Inventory valuation complexities due to joint production cost allocation between oil and de-oiled bran
2. Concentration of trade receivables and purchases with related parties, particularly E-Way Lipids Private Limited
Other Material Information
- Company has not accepted any deposits under Section 73 of Companies Act, 2013
- No material changes in nature of business during the year
- CSR provisions not applicable to the company
- No frauds reported by auditors during the year
- No significant orders passed by regulators/courts impacting going concern status
#Tags: #DiligentIndustries #AGM2026 #SEBIDisclosure #FinancialResults #EdibleOil #CorporateGovernance #BSE #RegulatoryCompliance #Neutral