Company Overview

Financial Results (₹ in Lakhs)

| Metric | FY 2025-26 | FY 2024-25 |

| Revenue from Operations | 19,188.86 | 15,001.20 |

| Other Income | 97.80 | 37.99 |

| Total Revenue | 19,286.66 | 15,039.19 |

| Profit before Finance Cost, Depreciation & Tax | 101.93 | (374.66) |

| Finance Cost | 2,542.77 | 2,279.71 |

| Depreciation | 1,770.91 | 1,665.78 |

| Profit before Tax | (4,211.75) | (4,320.15) |

| Tax Expenses | (1,032.57) | (1,070.49) |

| Profit for the year | (3,179.18) | (3,249.66) |

Key Financial Highlights

  • Total revenue increased to ₹19,286.66 lakhs from ₹15,039.19 lakhs in previous year
  • Net loss reduced to ₹3,179.18 lakhs from ₹3,249.66 lakhs in previous year
  • Finance costs increased to ₹2,542.77 lakhs from ₹2,279.71 lakhs
  • Depreciation increased to ₹1,770.91 lakhs from ₹1,665.78 lakhs

Share Capital

  • Paid-up equity share capital: ₹12.45 crore as on March 31, 2026
  • No shares with differential voting rights, stock options, or sweat equity issued during the year
  • Ashok Chaturvedi held 7,610 equity shares as on March 31, 2026

Dividend

  • No dividend recommended for FY 2025-26 due to losses
  • No amount transferred to Investor Education and Protection Fund (IEPF)

Directors and Key Managerial Personnel

  • Ashok Chaturvedi retires by rotation and offers himself for reappointment
  • Re-appointment of Pradeep Narendra Poddar as Independent Director for second term (July 21, 2026 to July 20, 2031)
  • Appointment of Paresh Nath Sharma as Additional Director (Independent) for first term (May 19, 2026 to May 18, 2029)
  • All Independent Directors provided declarations confirming independence

Corporate Social Responsibility (CSR)

  • CSR Committee comprises Rahul Razdan (Chairman), Indu Liberhan, and Pradeep Narendra Poddar
  • No CSR contribution required as average net profit of previous 3 years was negative (₹(60.97) lakhs)
  • No CSR meetings held during the year

Foreign Exchange Transactions

  • Exports (FOB basis): ₹15,096.29 lakhs
  • Foreign exchange expenditure: ₹1,011.73 lakhs

Auditors

  • Statutory Auditor: MJMJ & Associates LLP - No qualifications in their report
  • Internal Auditor: KAAP & Associates reappointed for 2026-27
  • Secretarial Auditor: Mahesh Gupta & Co. appointed for 5 years (2025-26 to 2029-30)
  • Total fees paid to statutory auditor: ₹27.15 lakhs

Board and Committee Meetings

  • 4 Board meetings, 4 Audit Committee meetings, 1 Nomination and Remuneration Committee meeting, no CSR Committee meetings, 1 Stakeholders Relationship Committee meeting

Remuneration Details

  • Rahul Razdan (Whole-time Director & CEO): Total remuneration ₹117.04 lakhs (Salary ₹100.18 lakhs + Perquisites ₹6.85 lakhs + Bonus ₹10.00 lakhs)
  • Sitting fees paid to Non-Executive Directors ranging from ₹1.75 lakhs to ₹2.75 lakhs

Legal and Regulatory Compliance

  • No significant material orders passed by regulators or courts
  • No proceedings under Insolvency and Bankruptcy Code 2016
  • No one-time settlement with any bank or financial institution
  • No complaints received under Sexual Harassment of Women at Workplace Act, 2013

Capital Structure Impact

  • No change in share capital during the year
  • No dilution or holding changes reported

Cash Flow Implications

  • Operating cash flow: ₹328.30 lakhs
  • Investing cash flow: ₹(408.76) lakhs (primarily purchase of property, plant & equipment)
  • Financing cash flow: ₹108.33 lakhs (net borrowing proceeds)

Forward-looking Information

  • The company continues to focus on freeze-dried, air-dried, and IQF mushrooms, herbs, fruits and vegetables
  • Exploring global fruit snacks market opportunities
  • No specific financial guidance or projections provided in the report