Board Meeting Details

The Meeting of the Board of Directors was held on November 14, 2026, at the Corporate Office and Works of the Company situated at Village Naultha, Tehsil Israna, Panipat-132145. The meeting commenced at 05:00 P.M and concluded at 07:40 P.M.

Key Agenda Item Approved

The Board considered and approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30th September, 2026.

Financial Results Overview

Consolidated Financials (Amount in ₹ lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹45,642.25
  • Other income: ₹75.34
  • Total income: ₹45,339.59
  • Total expenses: ₹42,822.62
  • Profit before tax: ₹2,516.97
  • Tax expense: ₹640.66
  • Net profit for the period: ₹1,876.31
  • Share of loss of associate: ₹-46.93
  • Profit after tax and share of associate: ₹1,829.38
  • Total comprehensive income: ₹1,828.95
  • Total comprehensive income attributable to controlling interest: ₹1,790.09
  • Paid-up equity share capital: ₹4,144.20 lakhs (Face value ₹2 per share)
  • Basic EPS: ₹0.88; Diluted EPS: ₹0.88

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹87,915.70
  • Other income: ₹123.61
  • Total income: ₹88,039.31
  • Total expenses: ₹82,532.13
  • Profit before tax: ₹5,507.18
  • Tax expense: ₹1,490.60
  • Net profit for the period: ₹4,016.58
  • Share of loss of associate: ₹-83.13
  • Profit after tax and share of associate: ₹3,933.45
  • Total comprehensive income: ₹3,948.13
  • Total comprehensive income attributable to controlling interest: ₹3,874.95
  • Basic EPS: ₹1.90; Diluted EPS: ₹1.90

Standalone Financials (Amount in ₹ lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹35,273.69
  • Other income: ₹71.45
  • Total income: ₹35,345.14
  • Total expenses: ₹33,423.81
  • Profit before tax: ₹1,921.33
  • Tax expense: ₹478.97
  • Net profit for the period: ₹1,442.36
  • Total comprehensive income: ₹1,346.06
  • Paid-up equity share capital: ₹4,144.20 lakhs
  • Basic EPS: ₹0.70; Diluted EPS: ₹0.70

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹68,686.04
  • Other income: ₹124.86
  • Total income: ₹68,810.90
  • Total expenses: ₹64,317.85
  • Profit before tax: ₹4,493.05
  • Tax expense: ₹1,193.59
  • Net profit for the period: ₹3,299.46
  • Total comprehensive income: ₹3,304.53
  • Basic EPS: ₹1.59; Diluted EPS: ₹1.59

Subsidiaries and Associates

The consolidated results include the following entities:

1. GRM International Holdings Limited (Subsidiary)

2. GRM Foodkraft Private Limited (Subsidiary)

3. GRM ARABIA FZCO (Subsidiary)

4. Swamabhan Commerce Pvt. Ltd. (Associate)

The limited review report by Mehra Goel & Co LLP provides details on the reviewed and unreviewed components of the subsidiaries' financials.

Limited Review Report

The unaudited financial results were subjected to a limited review by the statutory auditors, Mehra Goel & Co LLP (FRN-000517N/N500502). The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 and SEBI Regulation 33(8). The auditors concluded that nothing came to their attention causing them to believe that the statement contained any material misstatement.

Capital Structure Impact

During the previous year, shareholders approved a bonus issue in the ratio of 2:1. The company allotted 13,81,40,000 bonus equity shares of ₹2 each by capitalizing ₹27,62,80,000 from retained earnings. Consequently, the earnings per share for comparative periods have been restated.

Regulatory and Accounting Notes

The financial results are prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and other accounting principles generally accepted in India.

The Government of India's new Labour Codes (effective November 21, 2025) have been assessed, and their financial impact is not material to the results based on current information. The company continues to monitor the finalization of rules.

Segment Reporting

The company's business activities fall into three segments: Food Items, Edible Oil, and Others. Segment-wise revenue and results are provided in Annexure-1.

Cash Flow Statements

Consolidated and standalone cash flow statements for the half year ended September 30, 2026, are provided, detailing operating, investing, and financing activities.

Balance Sheet Highlights

Consolidated Balance Sheet as at September 30, 2026 (₹ lakhs):

  • Total assets: ₹1,01,355.72
  • Total equity: ₹64,573.09
  • Total liabilities: ₹36,782.62

Standalone Balance Sheet as at September 30, 2026 (₹ lakhs):

  • Total assets: ₹94,860.42
  • Total equity: ₹58,131.99
  • Total liabilities: ₹36,187.73

Additional Information

The above information is available on the company's website at www.grmrice.com.