Key Decisions Approved

1. Un-Audited Financial Results for Q2 and H1 FY27

The Board approved the unaudited financial results for the quarter and half year ended September 30, 2026. The results were reviewed by the statutory auditors, Singh & Co., who issued an unmodified limited review report.

2. Interim Dividend Declaration

The Board declared an interim dividend of ₹3.70 per equity share (37% of face value of ₹10) for FY 2026-27. The dividend will be paid to shareholders whose names appear on the register of members as of the record date of November 09, 2026.

Financial Performance Highlights

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from operations: ₹2,267.25 lakhs (vs ₹2,386.60 lakhs in Q2 FY26)
  • Other income: ₹175.21 lakhs (vs ₹124.24 lakhs in Q2 FY26)
  • Total income: ₹2,284.77 lakhs (vs ₹2,399.03 lakhs in Q2 FY26)
  • Profit before tax: ₹2,517.08 lakhs (vs ₹1,492.62 lakhs in Q2 FY26)
  • Total tax expense: ₹640.46 lakhs (vs ₹380.44 lakhs in Q2 FY26)
  • Profit for the period: ₹1,876.62 lakhs (vs ₹1,112.18 lakhs in Q2 FY26)
  • Basic EPS: ₹4.70 (vs ₹3.04 in Q2 FY26)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from operations: ₹4,152.64 lakhs (vs ₹4,416.16 lakhs in H1 FY26)
  • Other income: ₹355.84 lakhs (vs ₹241.86 lakhs in H1 FY26)
  • Total income: ₹4,188.22 lakhs (vs ₹4,440.34 lakhs in H1 FY26)
  • Profit before tax: ₹4,196.35 lakhs (vs ₹2,773.19 lakhs in H1 FY26)
  • Total tax expense: ₹1,067.84 lakhs (vs ₹708.04 lakhs in H1 FY26)
  • Profit for the period: ₹3,128.51 lakhs (vs ₹2,065.15 lakhs in H1 FY26)
  • Basic EPS: ₹7.84 (vs ₹5.66 in H1 FY26)

Financial Position as of September 30, 2026

  • Total assets: ₹4,689.53 lakhs (vs ₹4,509.25 lakhs as of March 31, 2026)
  • Equity share capital: ₹398.88 lakhs (unchanged from March 31, 2026)
  • Other equity: ₹3,524.63 lakhs (vs ₹3,305.80 lakhs as of March 31, 2026)
  • Total equity: ₹3,923.51 lakhs (vs ₹3,704.68 lakhs as of March 31, 2026)
  • Inventories: ₹1,172.21 lakhs (vs ₹804.17 lakhs as of March 31, 2026)
  • Trade receivables: ₹1,334.35 lakhs (vs ₹1,179.63 lakhs as of March 31, 2026)
  • Cash and cash equivalents: ₹501.77 lakhs (vs ₹583.93 lakhs as of March 31, 2026)

Cash Flow Statement (H1 FY27)

  • Cash generated from operations: ₹1,872.92 lakhs
  • Net cash used in investing activities: ₹(1,597.94) lakhs
  • Net cash used in financing activities: ₹(1,825.22) lakhs
  • Net decrease in cash and cash equivalents: ₹(2,236.74) lakhs

Significant Notes to Financial Results

1. Business Segment

The company operates in a single primary business segment "Food and allied products" comprising manufacturing, selling and distribution of packaged consumer staples including wheat-based products, gram-based products, spices and flour of various cereals and pulses.

2. Consolidation of Employee Welfare Trust

The financial results include consolidation of Ganesh Employee Welfare Trust, which had:

  • Total assets: ₹1,013.17 lakhs as of September 30, 2026
  • Total revenue: ₹13.11 lakhs for Q2 FY27 and H1 FY27
  • Total comprehensive income: ₹13.10 lakhs for Q2 FY27 and ₹13.09 lakhs for H1 FY27
  • Net cash inflow: ₹11.75 lakhs for H1 FY27

3. IPO Proceeds Utilization

The company completed its Initial Public Offer (IPO) in Q2 FY25 (September 2025) issuing 12,698,020 equity shares at ₹322 per share (including premium of ₹312). Total IPO expenses were revised to ₹3,088.82 lakhs from ₹3,394.22 lakhs.

IPO proceeds utilization as of September 30, 2026:

  • Prepayment/repayment of borrowings: ₹6,000.00 lakhs (fully utilized)
  • Capex for gram flour unit in Darjeeling: ₹246.24 lakhs utilized of ₹4,500.00 lakhs allocated
  • General corporate purposes: ₹1,472.32 lakhs utilized of ₹1,523.14 lakhs allocated
  • Total utilized: ₹7,718.56 lakhs of ₹12,023.14 lakhs net proceeds
  • Unutilized amount: ₹4,304.58 lakhs temporarily invested in fixed deposits

4. Asset Sale Agreement

During Q2 FY27, the company entered into an agreement to sell its factory assets in Telangana for ₹3,250 lakhs. The carrying value of these assets (₹1,262.45 lakhs) has been reclassified as "Assets held for sale" as of September 30, 2026. An advance of ₹321.75 lakhs received against this agreement has been recognized under current liabilities.

Meeting Details

The Board meeting commenced at 4:30 PM IST and concluded at 5:27 PM IST on November 02, 2026.