Flex Foods Limited held a Board Meeting on November 11, 2026, which commenced at 5:50 PM and concluded at 7:05 PM. The Board inter-alia approved the Unaudited Financial Results of the Company for the Quarter and Half Year ended September 30, 2026, along with the Limited Review Report furnished by the Statutory Auditors, MJMJ & Associates LLP. The approval was done pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were also reviewed by the Audit Committee.

Financial Performance for Quarter Ended September 30, 2026 (Unaudited)

  • Total Income: ₹34.57 crore
  • Revenue from Operations: ₹34.50 crore, comprising:
  • Net Sales / Income from Operations: ₹33.84 crore
  • Other Operating Income: ₹0.66 crore
  • Other Income: ₹0.07 crore
  • Total Expenses: ₹46.07 crore, comprising:
  • Cost of materials consumed: ₹10.99 crore
  • Changes in inventories of finished goods, WIP, and stock-in-trade: (₹5.58) crore (decrease)
  • Changes in Inventory of Biological Assets: ₹0.08 crore
  • Power & Fuel: ₹9.67 crore
  • Employees Benefit Expenses: ₹7.80 crore
  • Finance Cost: ₹6.68 crore
  • Depreciation and amortisation expense: ₹4.43 crore
  • Other expenses: ₹12.00 crore
  • Loss before tax and exceptional items: (₹11.50) crore
  • Exceptional items: ₹0.00 crore
  • Loss before tax: (₹11.50) crore
  • Tax Expense: (₹2.35) crore (Deferred Tax)
  • Net Loss for the quarter: (₹9.15) crore
  • Other Comprehensive Income: ₹0.00 crore
  • Total Comprehensive Loss for the quarter: (₹9.15) crore
  • Paid-up equity share capital: ₹12.45 crore (Face Value ₹10 per share)
  • Earnings Per Share (EPS): Basic and Diluted EPS of (₹7.35)

Financial Performance for Half Year Ended September 30, 2026 (Unaudited)

  • Total Income: ₹94.68 crore
  • Revenue from Operations: ₹94.24 crore, comprising:
  • Net Sales / Income from Operations: ₹90.65 crore
  • Other Operating Income: ₹3.59 crore
  • Other Income: ₹0.44 crore
  • Total Expenses: ₹107.83 crore
  • Loss before tax and exceptional items: (₹13.15) crore
  • Exceptional items: ₹0.00 crore
  • Loss before tax: (₹13.15) crore
  • Tax Expense: (₹2.68) crore (Deferred Tax)
  • Net Loss for the half-year: (₹10.47) crore
  • Other Comprehensive Income: ₹0.00 crore
  • Total Comprehensive Loss for the half-year: (₹10.47) crore
  • Earnings Per Share (EPS): Basic and Diluted EPS of (₹8.41)

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

  • Total Assets: ₹3,918.9 lakhs (₹39.19 crore)
  • Non-Current Assets: ₹2,733.2 lakhs (₹27.33 crore)
  • Property, Plant and Equipment: ₹2,360.8 lakhs
  • Right-of-Use Assets: ₹1.35 lakhs
  • Intangible Assets under development: ₹0.69 lakhs
  • Other Financial Assets: ₹4.36 lakhs
  • Deferred Tax Assets (Net): ₹308.4 lakhs
  • Current Assets: ₹1,185.7 lakhs (₹11.86 crore)
  • Inventories: ₹587.9 lakhs
  • Biological Assets: ₹4.0 lakhs
  • Trade Receivables: ₹303.5 lakhs
  • Cash and Cash Equivalents: ₹12.2 lakhs
  • Bank Balances (other than above): ₹1.5 lakhs
  • Loans: ₹0.1 lakhs
  • Other Financial Assets: ₹1.5 lakhs
  • Other Current Assets: (₹275.0) lakhs
  • Total Equity and Liabilities: ₹3,918.9 lakhs (₹39.19 crore)
  • Equity: (₹12.5) lakhs
  • Equity Share Capital: ₹124.5 lakhs
  • Other Equity: (₹1,370) lakhs
  • Liabilities: ₹3,931.4 lakhs (₹39.31 crore)
  • Non-Current Liabilities: ₹1,947.7 lakhs
  • Deferred Government Grants: ₹10.9 lakhs
  • Financial Liabilities - Borrowings: ₹1,915.9 lakhs
  • Lease Liabilities: ₹1.3 lakhs
  • Provisions: ₹19.6 lakhs
  • Current Liabilities: ₹1,983.7 lakhs
  • Financial Liabilities - Borrowings: ₹1,058.4 lakhs
  • Lease Liabilities: ₹5.3 lakhs
  • Trade Payables: ₹243.3 lakhs (including micro & small enterprises: ₹24.33 lakhs; others: ₹142.5 lakhs)
  • Other Financial Liabilities: ₹387.9 lakhs
  • Other Current Liabilities: ₹87.2 lakhs
  • Provisions: ₹59.1 lakhs

Statement of Cash Flows for Half Year Ended September 30, 2026 (Unaudited)

  • Net Cash from Operating Activities: ₹-71.15 lakhs (used in)
  • Net Cash used in Investing Activities: ₹-30.8 lakhs
  • Net Cash from Financing Activities: ₹111.5 lakhs (generated from)
  • Net decrease in Cash and Cash Equivalents: ₹-6.0 lakhs
  • Cash and Cash Equivalents at beginning of period: ₹197 lakhs
  • Cash and Cash Equivalents at end of period: ₹137 lakhs (Includes ₹15 lakhs in unclaimed dividend account, demand deposits >3 months, and margin money)

Additional Notes

  • The Limited Review Report was issued by MJMJ & Associates LLP, Chartered Accountants, stating that nothing has come to their attention to believe the financial results contain any material misstatement.
  • Segment reporting is not applicable as there is only one reportable segment.
  • Other Operating Income for the half-year includes an exchange gain of ₹2.42 lakhs on foreign currency transactions/outstandings.
  • Other expenses for the comparative half-year ended September 30, 2025, included an exchange loss of ₹13.60 lakhs.
  • Figures for previous periods have been re-grouped/re-arranged wherever considered necessary.