Financial Results (Standalone)
Half Year Ended September 30, 2026 (Unaudited)
- Total Revenue: ₹9173.18 lakh
- Net Sales/Income From Operations: ₹9113.23 lakh
- Other Operating Income: ₹59.95 lakh
- Total Expenses: ₹8794.60 lakh
- Cost of material consumed: ₹8551.25 lakh
- Purchase of Stock-in-trade: ₹138.26 lakh
- Changes in inventory: -₹448.59 lakh
- Employee benefits expenses: ₹42.58 lakh
- Finance costs: ₹45.21 lakh
- Depreciation expense: ₹27.88 lakh
- Other expenses: ₹438.01 lakh
- Profit Before Tax: ₹378.58 lakh
- Tax Expense: ₹88.97 lakh
- Current year tax: ₹87.92 lakh
- Prior years tax: ₹1.05 lakh
- Net Profit for Period: ₹289.61 lakh
- Earnings Per Share (₹5 face value): ₹1.49 (Basic and Diluted)
- Paid-up Equity Share Capital: ₹971.25 lakh
- Reserves Excluding Revaluation Reserve: ₹3386.0 lakh (as at March 31, 2026)
Comparative Figures
- Half Year Ended March 31, 2026: Net Profit ₹349.89 lakh, Revenue ₹10512.44 lakh, EPS ₹2.43
- Half Year Ended September 30, 2025: Net Profit ₹227.09 lakh, Revenue ₹7218.79 lakh, EPS ₹1.58
- Year Ended March 31, 2026: Net Profit ₹576.98 lakh, Revenue ₹17731.24 lakh, EPS ₹4.0
Assets and Liabilities (Standalone)
As at September 30, 2026 (Unaudited)
- Total Equity and Liabilities: ₹5872.53 lakh
- Shareholder's funds: ₹4646.94 lakh
- Share capital: ₹971.25 lakh
- Reserves and surplus: ₹3675.69 lakh
- Non-current liabilities: ₹144.04 lakh
- Long-term borrowings: ₹83.85 lakh
- Deferred tax liabilities: ₹51.26 lakh
- Long-term provisions: ₹8.93 lakh
- Current liabilities: ₹1081.55 lakh
- Short-term borrowings: ₹890.10 lakh
- Trade payables: ₹50.89 lakh
- Other current liabilities: ₹87.92 lakh
- Short-term provisions: ₹42.60 lakh
- Total Assets: ₹5872.53 lakh
- Non-current assets: ₹1097.49 lakh
- Property, Plant and Equipment: ₹1041.69 lakh
- Other non-current assets: ₹55.80 lakh
- Current assets: ₹4775.04 lakh
- Inventories: ₹3770.37 lakh
- Trade receivables: ₹678.37 lakh
- Cash and cash equivalents: ₹148.62 lakh
- Other current assets: ₹177.68 lakh
Comparative Figures (March 31, 2026)
- Total Equity and Liabilities: ₹5234.95 lakh
- Total Assets: ₹5234.95 lakh
Cash Flow Statement (Standalone)
Half Year Ended September 30, 2026 (Unaudited)
- Net Cash flow from Operating Activities: -₹1014.79 lakh
- Net Cash used in Investing Activities: -₹4.00 lakh
- Net Cash used in Financing Activities: ₹406.4 lakh
Year Ended March 31, 2026 (Audited)
- Net Cash flow from Operating Activities: ₹1466.45 lakh
- Net Cash used in Investing Activities: -₹68.44 lakh
- Net Cash used in Financing Activities: -₹662.50 lakh
- Net Increase in Cash & Cash Equivalents: ₹735.11 lakh
IPO Funds Utilization
Original Allocation (₹2502.75 lakh)
- Working Capital: ₹1932.61 lakh
- Issue related expenses: ₹220.14 lakh
- General Corporate Purposes: ₹350.00 lakh
Utilization as at September 30, 2026
- Total Utilized: ₹2387.75 lakh (95.4% of proceeds)
- Working Capital: ₹1932.61 lakh (100% of allocation)
- Issue related expenses: ₹105.14 lakh
- General Corporate Purposes: ₹350.00 lakh (100% of allocation)
- Unutilized Amount: ₹115.00 lakh (from issue expenses allocation)
Important Note on Unutilized Funds
The Board has proposed to utilize the unutilized ₹115 lakh (originally for issue expenses) towards working capital requirements, subject to shareholders' approval. A postal ballot notice dated September 09, 2026 was issued for remote e-voting scheduled to conclude on October 11, 2026. As of September 30, 2026, the voting process was ongoing.
There has been no deviation/variation in the use of public issue proceeds for the period ended September 30, 2026.
Related Party Transactions
Half Year Ended September 30, 2026
Total value of transactions: ₹310.85 lakh
Key transactions include:
- Purchases from Shreeshyam Agro Proteins Private Limited: ₹3.88 lakh
- Rent paid to Shreeshyam Agro Proteins Private Limited: ₹0.9 lakh
- Purchases from Daga Brothers: ₹219.02 lakh
- Sales to Shreeshyam Agro Proteins Private Limited: ₹20.68 lakh
- Sales to Daga Brothers: ₹38.63 lakh
- Sales to Neetu Daga (Relative of Director): ₹0.01 lakh
- Sales to Seema Daga (Relative of Director): ₹0.01 lakh
- Director Sitting Fees: ₹0.40 lakh total
- Remuneration to Key Management Personnel:
- Deepak Pal Daga (Managing Director): ₹15.00 lakh
- Vimal Kumar Daga (Whole Time Director): ₹9.00 lakh
- Ratan Lal Bareth (CFO): ₹1.52 lakh
- Khushbu Sethi (Company Secretary): ₹1.80 lakh
All transactions were approved by the Audit Committee.
Certifications
- CEO & CFO certification provided by Deepak Pal Daga (Managing Director) and Ratan Lal Bareth (CFO) confirming the financial results don't contain false/misleading statements
- Limited review report by Deepak Agal & Co, Chartered Accountants (Firm Registration No. 019684C) stating nothing has come to their attention suggesting material misstatement