Date: 29th May, 2026

Board Meeting Outcomes

The Board of Directors meeting held on 29th May, 2026 approved:

  • Audited Standalone and Consolidated Financial Results for Q4 and FY ended March 31, 2026
  • The results were reviewed and recommended by the Audit Committee

Financial Results (Standalone)

Quarterly Performance (₹ lakhs)

  • Revenue from operations: Q4 FY2026: ₹27,816.73 vs Q4 FY2025: ₹23,180.38
  • Total Income: Q4 FY2026: ₹28,353.81 vs Q4 FY2025: ₹23,181.59
  • Profit before tax: Q4 FY2026: ₹293.62 vs Q4 FY2025: ₹826.01
  • Net Profit: Q4 FY2026: ₹293.62
  • EPS: Q4 FY2026: ₹2.28 (not annualized)

Annual Performance FY2026 (₹ lakhs)

  • Revenue from operations: ₹77,226.73 vs FY2025: ₹45,067.80
  • Total Income: ₹79,786.19 vs FY2025: ₹47,994.25
  • Profit before tax: ₹3,532.35 vs FY2025: ₹1,288.60
  • Net Profit: ₹2,311.95 vs FY2025: ₹1,288.60
  • EPS: ₹22.93 vs FY2025: ₹8.04
  • Paid-up Equity Share Capital: ₹7,243.81 lakhs (face value ₹10 each)
  • Reserves: ₹14,113.78 lakhs

Balance Sheet Highlights (as at 31st March, 2026)

  • Total Assets: ₹58,631.37 lakhs
  • Inventories: ₹25,375.97 lakhs
  • Trade Receivables: ₹9,432.59 lakhs
  • Cash and Cash Equivalents: ₹41.56 lakhs
  • Total Equity: ₹15,357.59 lakhs
  • Borrowings: ₹36,334.37 lakhs (Non-current: ₹5,619.40 lakhs, Current: ₹30,714.97 lakhs)
  • Trade Payables: ₹10,389.98 lakhs

Financial Results (Consolidated)

Quarterly Performance (₹ lakhs)

  • Revenue from operations: Q4 FY2026: ₹29,991.35 vs Q4 FY2025: ₹14,698.67
  • Total Income: Q4 FY2026: ₹30,862.40 vs Q4 FY2025: ₹15,845.15
  • Profit before tax: Q4 FY2026: ₹2,077.29 vs Q4 FY2025: ₹103.87
  • Net Profit: Q4 FY2026: ₹1,913.40 vs Q4 FY2025: ₹(841.34)
  • EPS: Q4 FY2026: ₹15.38 (not annualized)

Annual Performance FY2026 (₹ lakhs)

  • Revenue from operations: ₹64,679.95 vs FY2025: ₹84,446.96
  • Total Income: ₹69,152.55 vs FY2025: ₹87,247.42
  • Profit before tax: ₹4,045.04 vs FY2025: ₹3,944.15
  • Net Profit: ₹3,190.24 vs FY2025: ₹2,110.63
  • EPS: ₹25.65 vs FY2025: ₹20.94
  • Paid-up Equity Share Capital: ₹7,161.54 lakhs
  • Reserves: ₹16,689.55 lakhs
  • Profit attributable to equity shareholders: ₹2,873.84 lakhs
  • Non-controlling interest: ₹316.40 lakhs

Consolidated Balance Sheet (as at 31st March, 2026)

  • Total Assets: ₹60,754.06 lakhs
  • Total Equity: ₹18,272.46 lakhs
  • Non-current liabilities: ₹5,597.95 lakhs
  • Current liabilities: ₹36,683.63 lakhs

Segment Reporting

The company has two reportable segments:

1. Rice: Parboiled rice, puffed rice, rice bran, rice husk, rice husk ash, broken rice and rejection rice

2. Edible Oil: Crude Rice Bran Oil, De-Oiled Rice Bran, Refined Rice Bran Oil, Crude Soyabean Oil, Refined Soyabean Oil, Refined Sunflower Oil, Palmolein Oil, Mustard Oil, Rice Bran Wax, Gums, Spent Earth, Fatty Acid, Stearin, Acid Oil and Rice Lecithin

FY2026 Segment Revenue (₹ lakhs)

  • Rice: ₹31,443.47
  • Edible Oil: ₹34,449.47
  • Total: ₹65,892.94
  • Less: Inter-segment revenue: ₹7,401.60
  • Gross Revenue: ₹58,491.08

FY2026 Segment Results (₹ lakhs)

  • Rice segment profit: ₹6,102.45
  • Edible Oil segment profit: ₹1,614.30
  • Total segment profit: ₹7,776.75

Standalone Financial Results

  • Auditor: Sen & Ray, Chartered Accountants
  • Opinion: Unmodified audit opinion
  • Emphasis of Matter: Shares of the company held by two subsidiaries (Intellect Buildcon Private Limited and Prakruti Commosale Private Limited) totaling 8,22,654 shares (6.61% holding) in contravention of Section 19 of Companies Act, 2013. Subsidiaries have commenced disposal of these shares and expect to dispose of balance after balance sheet date. Company believes no financial liability will arise based on legal opinion.

Consolidated Financial Results

  • Opinion: Unmodified audit opinion
  • Emphasis of Matter: Same emphasis matter as standalone results regarding subsidiary shareholding
  • Other Matters: Financial results of two subsidiaries located outside India (total assets: ₹12,982.88 lakhs, revenue: ₹23,985.16 lakhs, net profit: ₹2,165.23 lakhs) were audited by other auditors

Other Operational / Strategic Disclosures

Haldia Manufacturing Unit Acquisition

  • Acquired Haldia Manufacturing Unit of K.S. Oil Limited (in liquidation) as per NCLAT order dated 20th March 2025
  • Process of property transfer in company's name is ongoing
  • Company has received possession from liquidator and commenced operations to transform property into functional industrial space
  • Amount paid for acquisition of leasehold land: ₹5,614.09 lakhs transferred to Right of Use Assets
  • Development cost incurred up to 31st March 2026: ₹4,430.09 lakhs (₹2,282.20 lakhs capitalized, balance ₹2,147.89 lakhs to be capitalized on completion)

Fundraising / Financing

  • During Q4 FY2026, company approved issue and allotment of 793,650 convertible warrants at ₹315 per warrant to specified persons/entities by preferential allotment
  • Warrants convertible to equity shares within 18 months from date of allotment
  • Process of allotment ongoing, to be concluded after statutory approvals

Subsidiary Information

List of Consolidated Entities

Subsidiaries:

1. Intellect Buildcon Private Limited

2. Prakruti Commosale Private Limited

3. Halder Greenfuel Industries Limited

4. Hal Exim Pte. Limited

5. LLC Halroots (w.e.f 1st April 2025)

Stepdown Subsidiaries of Hal Exim Pte. Limited:

1. Hal Impex Ghana Limited (w.e.f 1st April 2024)

2. Hal Impex Cameroun Limited (w.e.f 1st April 2024)

3. Hal Impex Benin (w.e.f 1st April 2024)

4. Hal Impex Togo (w.e.f 1st April 2024)

5. Hal Impex Ivory Coast Limited (w.e.f 1st November 2024)