AGM Details

The 5th Annual General Meeting of members is scheduled to be held on Monday, August 17, 2026 at 03:30 PM (IST) through video conferencing/other audio-visual means in accordance with MCA and SEBI circulars.

Cut-off Date and Voting

Members whose names appear in the register of members/list of beneficial owners as on Monday, August 10, 2026 are entitled to vote. Remote e-voting period commences on Friday, August 14, 2026 at 09:00 AM and concludes on Sunday, August 16, 2026 at 05:00 PM.

Financial Performance FY 2025-26

Revenue from Operations: ₹25,572.21 lakhs (previous year: ₹18,726.83 lakhs) - 37.19% growth

Total Revenue: ₹25,691.77 lakhs (previous year: ₹18,727.95 lakhs)

Profit Before Tax: ₹3,318.55 lakhs (previous year: ₹2,732.30 lakhs)

Profit After Tax: ₹2,478.38 lakhs (previous year: ₹2,040.66 lakhs)

EBITDA: Not explicitly quantified in disclosure

Key Operational Metrics

  • Capacity utilization: 86% at Andhra Pradesh facility
  • Institutional revenue share: 33.96% of total revenue (up from 20.88% in FY 2024-25 and 1.39% in FY 2022-23)
  • Royal Mewa brand revenue: ₹432.96 lakhs (6.5x growth from ₹66.13 lakhs in FY 2024-25)
  • Repeat customers contribute 78% of revenue

IPO and Capital Structure

IPO Details:

  • Issue type: 100% Book Built Issue
  • Issue price: ₹118 per equity share
  • Issue size: 63,09,600 equity shares
  • Issue amount: ₹7,445.33 lakhs (₹74.45 crores)
  • Face value: ₹10 per equity share

IPO Proceeds Utilization:

  • ₹57 crores deployed into new Vizianagaram processing facility (land development, civil construction, machinery)
  • ₹10.43 crores for general corporate purposes (brand enhancement, working capital, business development)
  • Purchase orders worth ₹39.53 crores issued by FY 2025-26 end, with ₹10.47 crores advanced

Share Capital:

  • Authorized share capital: ₹25,00,00,000 divided into 2,50,00,000 equity shares of ₹10 each
  • Paid-up share capital: ₹23,80,95,950 divided into 2,38,09,595 equity shares of ₹10 each
  • Changes due to bonus issue of 1,39,99,996 shares (4:1 ratio) and IPO allotment of 63,09,600 shares

Capacity Expansion

Current Capacity: 18,000 MTPA at Anakapalli facility

Expansion Plan: Greenfield facility at Vizianagaram adding 35,000 MTPA, taking total capacity to 53,000 MTPA

Progress: Land acquired (7,73,190 sq ft), purchase orders worth ₹39.53 crores issued, ₹10.47 crores advanced

Target: Trial production in Q3 FY27, commercial output to follow

Business Segments and Products

Revenue Contribution:

  • Cashew Kernels: 93.49%
  • By-products: 4.69%
  • Royal Mewa brand: 1.68%

Product Grades:

  • Whole cashew grades (W-180, W-240, W-320, W-400, S-320)
  • Broken cashew grades (JH, JK, LWP, SWP, BB)
  • By-products: Cashew shells, husk, powder

Distribution Channels

  • Wholesale: 170+ distributors across 20+ states
  • Institutional: Customers include Reliance Retail, Bikaji, Haldiram's, OM Sweets, Bikanervala, Farmley, Nutraj, ProV, Zomato Hyperpure
  • Export: Targeting Middle East, Asia, Europe, Southeast Asia markets
  • Retail: Royal Mewa brand sold through Amazon, JioMart, Snapdeal

Corporate Actions

Board Changes:

  • Mr. Aayush Jain redesignated as Chairman & Managing Director
  • Ms. Anjali Jain redesignated as Whole-Time Director
  • Mr. Jayesh Bhagia appointed then resigned as Executive Director
  • Mr. Prince Wadhwa and Ms. Priyanka Devi appointed as Independent Directors

Auditor Changes:

  • M/s P.K. Maheshwari & Co. resigned as Statutory Auditors
  • M/s S.S. Kothari Mehta & Co. LLP appointed as Statutory Auditors

Corporate Governance

Committees:

  • Audit Committee: Mr. Prince Wadhwa (Chairperson), Ms. Priyanka Devi, Mr. Aayush Jain
  • Nomination and Remuneration Committee: Ms. Priyanka Devi (Chairperson), Mr. Prince Wadhwa, Mr. Pulkit Jain
  • CSR Committee: Ms. Anjali Jain (Chairperson), Mr. Aayush Jain, Mr. Prince Wadhwa
  • Stakeholder Relationship Committee: Ms. Priyanka Devi (Chairperson), Mr. Aayush Jain, Ms. Anjali Jain

CSR Activities:

  • Contribution to Prime Minister National Relief Fund
  • ₹1.89 lakhs to Clean Ganga Fund
  • ₹6.75 lakhs to Sewa Bharti Diagnostic & Dialysis Centre
  • ₹7.50 lakhs to AKARO Association for Education and Social Welfare

Key Ratios and Metrics

  • Debt-to-Equity Ratio: 0.25
  • EBITDA Margin: 14.79% (previous year: 16.16%)
  • Net Profit Margin: 12.82% (previous year: 11.67%)

Foreign Exchange

  • Foreign Exchange Earnings: Nil (previous year: ₹508.21 lakhs)
  • Foreign Exchange Outgo: ₹15,568.69 lakhs (previous year: ₹11,460.62 lakhs)

Pending Litigations and Contingencies

Contingent Liabilities:

  • Bank Guarantees: ₹1.00 lakh
  • GST audit demand: ₹21.23 lakh

Capital Commitments: ₹2,426.63 lakhs for contracts remaining to be executed

Internal Financial Controls

The company has adequate internal financial controls with reference to financial statements and such controls were operating effectively as at March 31, 2026.

Forward-looking Statements

The document contains forward-looking statements regarding expected future events and financial performance based on assumptions and subject to risks and uncertainties.