The meeting commenced at 12:15 hours and concluded at 15:00 hours. The financial results were reviewed by the Audit Committee and approved by the Board of Directors. Limited review was carried out by the statutory auditors, M/s Singhi & Co, Chartered Accountants.

Financial Performance (Quarter ended June 30, 2026)

  • Revenue from Operations: ₹2,021.49 million
  • Other Income: ₹4.23 million
  • Total Income: ₹2,025.72 million
  • Total Expenses: ₹1,847.09 million
  • Profit before exceptional item and tax: ₹178.63 million
  • Tax Expenses: ₹45.35 million (Current Tax: ₹5.46 million, Deferred Tax: ₹30.89 million)
  • Profit for the period: ₹133.28 million
  • Other Comprehensive Income: ₹(0.61) million
  • Total Comprehensive Income: ₹132.67 million
  • Earnings per share (Basic): ₹1.30
  • Earnings per share (Diluted): ₹1.29

Comparative Financials

Quarter ended June 30, 2026 vs June 30, 2025:

  • Revenue from Operations: ₹2,021.49 million vs ₹2,465.69 million (decrease)
  • Profit for the period: ₹133.28 million vs ₹90.67 million (47% increase)

Quarter ended June 30, 2026 vs March 31, 2026:

  • Revenue from Operations: ₹2,021.49 million vs ₹2,446.08 million (decrease)
  • Profit for the period: ₹133.28 million vs ₹165.35 million (decrease)

Capital Structure

  • Paid-up Equity Share Capital (Face Value ₹5 each): ₹513.62 million
  • Other Equity: ₹4,380.68 million

Business Segment

The company is primarily engaged in the manufacturing of 'Maize starch and its derivatives'. There are no separate reporting segments under Ind AS 108.

Exceptional Item Disclosure

The Company disclosed an exceptional item of ₹66.57 million provided during FY2025-26 related to subsidy as reimbursement of Goods & Service Tax subsidy (SGST reimbursement) under the Bihar Industrial Promotion Policy, 2016/2011. This amount is refundable/reversable due to certain distributors utilizing SGST credit claimed on supplies by the Company during April 2019 to September 2025 for payment of IGST on subsequent interstate sales, which is not in accordance with the Resolution No.108 dated 20.01.2020.

Out of the total amount, ₹104.64 million is recoverable from concerned distributors due to breach of agreement clauses, and the balance ₹66.57 million has been provided as an exceptional item. No demand has been received from the department till date.

Capacity Expansion

During the current quarter, the Company successfully commissioned:

  • Enhanced crushing capacity from 825 MT per day (TPD) to 1,650 TPD
  • New Liquid Glucose (LG) manufacturing facility with production capacity of 180 TPD
  • New Maltodextrin Powder (MDP) manufacturing facility with production capacity of 50 TPD
  • Enhanced Captive co-generation power plant capacity from 7.1 MW to 15.8 MW

All expansions are at the company's factory situated at Kishanganj, Bihar.

ESOP Allotment

On July 21, 2026, the Company issued and allotted 270,400 equity shares (face value of ₹5 each) under the Company's employee stock option plan. Consequently, the issued and paid-up share capital increased from ₹513.62 million to ₹514.97 million.

Auditor's Review

Singhi & Co, Chartered Accountants conducted a limited review and issued an unqualified report stating that nothing has come to their attention that causes them to believe that the accompanying Statement contains any material misstatement.

Note on Quarterly Figures

The figures for the quarter ended March 31, 2026 are balancing figures between audited figures in respect of the full previous financial year and the published year-to-date figures up to the third quarter of the previous financial year.