Key Financial Figures (FY 2025-26 vs. FY 2024-25)
- Net Sales from Operations: ₹1,831.51 lakhs (prev. ₹1,328.78 lakhs) - 37.83% increase
- Other Operating Income: ₹396.04 lakhs (prev. ₹128.57 lakhs)
- Total Income: ₹2,227.56 lakhs (prev. ₹1,457.35 lakhs)
- Total Expenses: ₹1,764.28 lakhs (prev. ₹1,351.68 lakhs)
- Profit Before Tax: ₹463.27 lakhs (prev. ₹105.67 lakhs)
- Tax Expense: ₹80.52 lakhs (prev. ₹20.10 lakhs)
- Profit for the Year: ₹382.75 lakhs (prev. ₹85.57 lakhs) - 347% increase
- Earnings Per Share (Basic & Diluted): ₹8.05 (prev. ₹1.80)
- Authorized Share Capital: ₹5,00,00,000 (unchanged)
- Paid-up Equity Share Capital: ₹4,75,41,060 (unchanged)
Operational Highlights
- Business Model: Operates in health and wellness-focused food and beverage segment through brands HAS Juices & More and HAS South Bombay Café
- Outlet Network: 9 outlets across Mumbai as of March 31, 2026
- Customer Base: Served over 6 million customers since inception
- Quality Focus: Follows structured Standard Operating Procedures (SOPs) and implements food safety systems aligned with globally recognized standards
- Workforce: 116 employees as of March 31, 2026 (increased from 85 in previous year)
- Holding Company: Team India Managers Limited holds 76.50% stake
19th Annual General Meeting Details
- Date: Thursday, 24th September, 2026
- Time: 12:00 P.M.
- Venue: Registered Office at A/5, Ground Floor Gandhi Sadan Building, C.T.S., Usha Talkies New Nagardas Road, Andheri East, Mumbai-400069
- Record Date: Thursday, 17th September, 2026
- Book Closure: Friday, 18th September 2026 to Thursday, 24th September 2026 (both days inclusive)
Agenda Items
Ordinary Business
1. Adoption of Audited Financial Statements for FY 2025-26 and Reports of Board of Directors and Auditors
2. Re-appointment of Mrs. Niru Kanodia (DIN: 02651444) as Director liable to retire by rotation
3. Appointment of Statutory Auditors: M/s. Gujar and Kulkarni, Chartered Accountants (Firm Registration No. 140182W) for a term of 5 years from conclusion of 19th AGM until conclusion of 24th AGM at remuneration of ₹60,000 per annum plus applicable taxes
Special Business
4. Adoption of New Articles of Association to align with amendments to Companies Act, 2013 and other regulatory provisions
Board of Directors
- Mr. Hemang Bhatt: Chairperson and Managing Director (DIN: 01353668)
- Mrs. Niru Kanodia: Non-Executive Director (DIN: 02651444)
- Mr. Ravi Gupta: Non-Executive Independent Director (DIN: 03175416)
- Mr. Sagar Shah: Non-Executive Independent Director (DIN: 10727721)
Key Managerial Personnel
- Ms. Priya Jha: Company Secretary, Compliance Officer & Chief Financial Officer (appointed August 25, 2025)
Auditor Information
- Statutory Auditors: M/s. Gujar and Kulkarni, Chartered Accountants (Firm Registration No. 140182W)
- Appointed to fill casual vacancy created by resignation of M/s. Sachin Phadke & Associates effective October 30, 2025
- EGM held on January 16, 2026 appointed them until conclusion of ensuing AGM
- Board recommends 5-year term subject to member approval
- Internal Auditor: M/s. S. Rajesh & Co., Chartered Accountants (Membership No. 019372)
- Secretarial Auditor: CS Divya Mohta (Membership No. 47040)
Capital Structure
- Authorized Capital: ₹5,00,00,000 divided into 50,00,000 equity shares of ₹10 each
- Paid-up Capital: ₹4,75,41,060 divided into 47,54,106 equity shares of ₹10 each
- Major Shareholders:
- Team India Managers Limited: 36,37,356 shares (76.51%)
- Hemang Manoj Bhatt: 6,36,500 shares (13.39%)
- Dinesh Nagindas Shah: 2,45,000 shares (5.15%)
Dividend and Reserves
- Dividend: No dividend declared for current financial year
- Reserves: No amount transferred to General Reserves during the year
- Reserves & Surplus: ₹11,95,24,473 (prev. ₹8,12,49,638)
Related Party Transactions
Transactions with related parties during the year:
- Mrs. Sonali Saraogi (Promoter group): Appointed as Marketing Manager, remuneration ₹27.6 lakhs
- Mr. Hridansh Saraogi (Promoter group): Appointed as Business Development Analyst, remuneration ₹14.2 lakhs
- Key Managerial Personnel: Reimbursement of expenses ₹7,79,180; Salary ₹46,78,904; Conveyance ₹3,52,475
- Holding Company: Salary payments ₹42,35,000
Director Remuneration
- Mr. Hemang Bhatt (Managing Director): ₹36,90,000 (23.41% increase from previous year)
- Non-Executive Directors: No remuneration drawn
- Ratio to Median Employee Remuneration: Mr. Bhatt's remuneration is 1892.31 times median employee remuneration
Employee Statistics
- Total Employees: 116 (increased from 85 in previous year)
- Median Remuneration Increase: 32.03% increase in median remuneration
- Average Remuneration Change: 0.44% decrease for non-managerial personnel
- Managerial Remuneration Increase: 43.68% increase
Legal and Regulatory Compliance
- Secretarial Audit Report: No qualifications, reservations or adverse remarks
- Statutory Audit Report: Unqualified opinion with no adverse remarks
- SEBI Compliance: Company registered with SEBI Complaints Redress System (SCORES)
- Tax Disputes: Income tax assessment dues totaling ₹6,97,060 under dispute for AY 2017-18, 2019-20, and 2020-21
- No Material Orders: No significant/material orders passed by regulators/courts impacting going concern status
Internal Financial Controls
Board confirms adequate internal financial controls were in place and operating effectively during FY 2025-2026.
Corporate Governance
- Applicable provisions of Regulations 17 to 27 of SEBI LODR not applicable to the company
- Constituted Audit Committee and Nomination & Remuneration Committee
- Board met 9 times during the year
- Audit Committee met 4 times during the year
- Whistle Blower Policy and POSH Policy implemented
Future Outlook
The Company expects to further strengthen its operational and financial performance during Financial Year 2026-27, focusing on sustainable growth opportunities.
Other Material Information
- RTA: MUFG Intime India Private Limited
- Bankers: YES Bank Limited, HDFC Bank, Bank of India
- Investor Grievance Email: compliance@hasjuicebar.com