Nature of the Event

Board of Directors of Essex Marine Limited (Formerly known as Essex Marine Private Limited) approved the Unaudited Standalone Financial Results for the half year ended September 30, 2026, at its meeting held on November 12, 2026. The meeting commenced at 2:15 PM and concluded at 2:45 PM. The disclosure is made pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Financial Figures (Half Year Ended September 30, 2026)

(All figures in ₹ Lakhs, except EPS)

Income Statement:

  • Revenue from Operations: ₹3,843.51 Lakhs
  • Other Income: ₹194.89 Lakhs
  • Total Revenue: ₹4,138.40 Lakhs
  • Total Expenses: ₹3,525.01 Lakhs
  • Cost of materials consumed: ₹3,447.86 Lakhs
  • Changes in inventories: (₹860.57) Lakhs
  • Employee benefits expense: ₹334.34 Lakhs
  • Finance costs: ₹166.39 Lakhs
  • Depreciation and amortisation: ₹38.51 Lakhs
  • Other expenses: ₹398.48 Lakhs
  • Profit before Exceptional Items & Tax: ₹613.39 Lakhs
  • Exceptional Items: Not applicable (line item shows ₹613.39, but this appears to be the profit before tax)
  • Profit before Tax: ₹613.39 Lakhs
  • Tax Expense: ₹161.43 Lakhs
  • Current tax: ₹145.35 Lakhs
  • Deferred tax charge: ₹9.23 Lakhs
  • Income Tax for earlier years: ₹6.85 Lakhs
  • Profit for the period: ₹451.96 Lakhs
  • Earnings Per Share (EPS):
  • Basic: ₹1.96
  • Diluted: ₹2.96

Comparative Figures:

  • Revenue from Operations (H1 FY26): ₹2,799.64 Lakhs | (H2 FY26 Audited): ₹3,169.67 Lakhs
  • Total Revenue (H1 FY26): ₹2,961.24 Lakhs | (H2 FY26 Audited): ₹3,508.66 Lakhs
  • Profit before Tax (H1 FY26): ₹405.70 Lakhs | (H2 FY26 Audited): ₹460.18 Lakhs
  • Profit for the period (H1 FY26): ₹296.01 Lakhs | (H2 FY26 Audited): ₹341.33 Lakhs
  • EPS Basic (H1 FY26): ₹2.15 | (H2 FY26 Audited): ₹2.48

Statement of Assets and Liabilities (as at September 30, 2026)

(Unaudited, compared to Audited March 31, 2026 figures in ₹ Lakhs)

Equity and Liabilities:

  • Shareholder's Funds: ₹1,526.30 Lakhs (Mar-26: ₹1,526.20 Lakhs)
  • Non-current liabilities: ₹1,931.19 Lakhs (Mar-26: ₹1,479.32 Lakhs)
  • Long-Term Borrowings: ₹1,148.64 Lakhs (Mar-26: ₹1,095.54 Lakhs)
  • Deferred Tax Liabilities (Net): ₹196.67 Lakhs (Mar-26: ₹393.59 Lakhs)
  • Long Term Provision: ₹110.80 Lakhs (Mar-26: ₹101.58 Lakhs)
  • Other: ₹8.51 Lakhs (Mar-26: ₹4.51 Lakhs)
  • Current liabilities: ₹5,203.25 Lakhs (Mar-26: ₹3,507.57 Lakhs)
  • Short Term Borrowings: ₹1,134.00 Lakhs (Mar-26: ₹788.29 Lakhs)
  • Trade payables: ₹24.00 Lakhs (Mar-26: ₹24.00 Lakhs)
  • Outstanding dues of micro/small enterprises: ₹7.91 Lakhs (Mar-26: ₹4.96 Lakhs)
  • Other creditors: Not fully detailed
  • Other Current Liabilities: ₹183.49 Lakhs (Mar-26: ₹147.60 Lakhs)
  • Short Term Provisions: ₹132.17 Lakhs (Mar-26: ₹19.12 Lakhs)
  • Total Liabilities: ₹8,660.74 Lakhs (Mar-26: ₹6,513.09 Lakhs)

Assets:

  • Non-Current Assets: ₹2,848.77 Lakhs (Mar-26: ₹1,990.85 Lakhs)
  • Property, plant and equipment: ₹2,103.23 Lakhs (Mar-26: Not fully comparable)
  • Capital Work-in-progress: ₹610.60 Lakhs (Mar-26: ₹453.95 Lakhs)
  • Intangible Assets: ₹34.10 Lakhs (Mar-26: ₹24.10 Lakhs)
  • Non-Current Investments: ₹245.08 Lakhs (Mar-26: ₹138.30 Lakhs)
  • Long Term Loans & Advances: ₹89.45 Lakhs (Mar-26: ₹39.42 Lakhs)
  • Other Non-Current Assets: Not fully detailed
  • Current Assets: ₹5,811.97 Lakhs (Mar-26: ₹4,522.24 Lakhs)
  • Inventories: ₹1,452.53 Lakhs (Mar-26: ₹592.86 Lakhs)
  • Trade receivables: ₹77.56 Lakhs (Mar-26: ₹16.35 Lakhs)
  • Cash & Bank Balances: ₹297.09 Lakhs (Mar-26: ₹455.55 Lakhs)
  • Short-Term Loans & Advances: Not fully detailed
  • Other Current Assets: Not fully detailed
  • Total Assets: ₹8,660.74 Lakhs (Mar-26: ₹6,513.09 Lakhs)

Statement of Cash Flow (Half Year Ended September 30, 2026)

(Unaudited, compared to Audited Full Year FY26 figures in ₹ Lakhs)

  • Net cash flow from/(used in) operating activities: (₹1,182.76) Lakhs (FY26: ₹285.69 Lakhs)
  • Net cash flow from/(used in) investing activities: (₹311.20) Lakhs (FY26: ₹483.68 Lakhs)
  • Net cash flow from/(used in) financing activities: ₹1,335.50 Lakhs (FY26: ₹1,103.44 Lakhs)
  • Net Increase/(Decrease) in Cash and Bank balances: (₹158.46) Lakhs (FY26: ₹334.07 Lakhs)
  • Cash & Bank Balances as at April 1, 2026: ₹455.55 Lakhs
  • Cash & Bank Balances as at September 30, 2026: ₹297.09 Lakhs

Segment Information

The company operates in two reportable primary business segments:

1. Processing and selling Frozen Fish, Shrimps & Vegetables:

  • H1 FY27 Revenue: ₹3,762.68 Lakhs
  • H1 FY27 Segment Results (Profit before interest, tax and unallocable items): ₹1,175.39 Lakhs

2. Income from Cold and Dry storage:

  • H1 FY27 Revenue: ₹80.83 Lakhs
  • H1 FY27 Segment Results (Profit before interest, tax and unallocable items): ₹80.83 Lakhs

Additional Notes and Disclosures

  • The results were reviewed by the Audit Committee and approved by the Board of Directors.
  • The Limited Review Report was issued by Baid Agarwal Singhi & Co., Chartered Accountants (Firm Registration No: 328671E), with Partner Ruchi Rungta (Membership No: 303186).
  • The company has completed its salary restructuring exercise in compliance with the four Labour Codes notified by the Government of India on November 21, 2025.
  • Tax expense has been determined using the estimated taxable income for the period at the rates applicable under Section 115BAA of the Income-tax Act, 1961.
  • EPS for the half-year periods is not annualized.
  • The figures for the corresponding previous period have been regrouped/reclassified wherever necessary.
  • The results are available on the BSE website (www.bseindia.com) and the Company's website (www.essexmpl.com).