Board Meeting Details

The Board of Directors meeting was held on Monday, November 2, 2026, commencing at 4:00 PM and concluding at 4:30 PM. The Board considered and approved the unaudited standalone financial results for the half-year ended September 30, 2026, and took on record the limited review report issued by the statutory auditor.

Financial Results Overview (All amounts in ₹ lakhs, unless otherwise stated)

Income Statement Highlights

For the half year ended September 30, 2026:

  • Revenue from operations: ₹14,339.18 (compared to ₹11,837.07 in H1 FY26)
  • Other income: ₹171.65 (compared to ₹0.24 in H1 FY26)
  • Total income: ₹14,510.83 (compared to ₹11,837.31 in H1 FY26)
  • Cost of materials consumed: ₹11,909.71
  • Employee benefits expense: ₹643.24
  • Finance costs: ₹226.05
  • Depreciation and amortization expense: ₹113.52
  • Total expenses: ₹12,819.59
  • Profit before tax: ₹1,691.24 (compared to ₹1,901.72 in H1 FY26)
  • Total tax expense: ₹435.61 (Current tax: ₹438.00, Deferred tax: ₹(2.39))
  • Net profit after tax: ₹1,255.63 (compared to ₹1,421.10 in H1 FY26)

Earnings Per Share (EPS)

  • Basic EPS: ₹5.27 (not annualized)
  • Diluted EPS: ₹5.27 (not annualized)
  • Face value per share: ₹10

Comparative Performance

Half-year ended September 30, 2026 vs September 30, 2025:

  • Revenue growth: 21.1% YoY (from ₹11,837.07 lakh to ₹14,339.18 lakh)
  • Net profit decline: 11.7% YoY (from ₹1,421.10 lakh to ₹1,255.63 lakh)
  • EPS decline: from ₹8.12 to ₹5.27

Full-year reference (March 31, 2026):

  • Annual revenue: ₹25,572.21 lakh
  • Annual net profit: ₹2,478.38 lakh
  • Annualized EPS: ₹12.82

Capital Structure

  • Paid-up equity share capital: ₹2,380.96 lakh (unchanged from March 31, 2026)
  • Face value per share: ₹10

Balance Sheet Position (As at September 30, 2026)

Equity and Liabilities

  • Shareholders' funds: ₹14,858.90 lakh (Share capital: ₹2,380.96 lakh, Reserves and surplus: ₹12,477.94 lakh)
  • Non-current liabilities: ₹259.79 lakh (Long-term borrowings: ₹13.37 lakh, Deferred tax liabilities: ₹146.37 lakh, Long-term provisions: ₹100.05 lakh)
  • Current liabilities: ₹10,124.42 lakh (Short-term borrowings: ₹5,924.66 lakh, Trade payables: ₹2,928.35 lakh, Other current liabilities: ₹1,269.27 lakh, Short-term provisions: ₹2.14 lakh)
  • Total liabilities: ₹25,243.11 lakh

Assets

  • Non-current assets: ₹7,498.47 lakh (Property, plant and equipment: ₹4,022.05 lakh, Intangible assets: ₹1.49 lakh, Capital work-in-progress: ₹1,637.15 lakh, Long-term loans and advances: ₹1,837.78 lakh)
  • Current assets: ₹17,744.64 lakh (Inventories: ₹9,568.70 lakh, Trade receivables: ₹2,067.32 lakh, Cash and bank balances: ₹4,237.70 lakh, Short-term loans and advances: ₹1,817.55 lakh, Other current assets: ₹53.37 lakh)
  • Total assets: ₹25,243.11 lakh

Cash Flow Statement (For half year ended September 30, 2026)

  • Net cash used in operating activities: ₹(2,274.56) lakh
  • Net cash used in investing activities: ₹(279.24) lakh
  • Net cash from financing activities: ₹2,203.60 lakh
  • Net decrease in cash and cash equivalents: ₹(250.20) lakh
  • Cash and cash equivalents at end of period: ₹114.98 lakh

IPO Proceeds Utilization (As of September 30, 2026)

The company raised ₹7,445.33 lakh through an Initial Public Offer of 63,09,600 Equity Shares of ₹10 each at a premium of ₹108 each, listed on BSE SME platform on December 18, 2025.

Utilization status:

  • Setting up new manufacturing unit and plant & machinery: Allocated ₹5,700.00 lakh, Utilized ₹1,826.99 lakh, Unutilized ₹3,873.01 lakh
  • General corpus purpose: Allocated ₹1,042.36 lakh, Utilized ₹1,033.69 lakh, Unutilized ₹8.67 lakh
  • Issue-related expense: Allocated ₹702.97 lakh, Utilized ₹702.97 lakh, Unutilized ₹0
  • Total utilization: ₹3,563.65 lakh out of ₹7,445.33 lakh

Notes to Financial Results

1. Financial results prepared in accordance with Accounting Standard 25 "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 and Regulation 33 of SEBI Listing Regulations.

2. Results reviewed by Audit Committee and approved by Board of Directors on November 2, 2026.

3. Company is exempted from Indian Accounting Standards (Ind AS) as it is listed on SME platform.

4. Company operates in one reportable segment: processing of cashew nuts.

5. Previous period figures have been regrouped/rearranged/reclassified where necessary.

Auditor Review

S S Kothari Mehta & Co. LLP, Chartered Accountants (Firm Registration No.: 000756N) conducted a limited review and issued an unmodified review report dated November 2, 2026. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.