Disclosure Context

Financial Results (Standalone)

Income Statement (₹ in lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹25,618.60
  • Other income: ₹203.93
  • Total Income: ₹25,822.53
  • Total Expenses: ₹25,332.37
  • Profit before tax: ₹490.16
  • Tax expense (Deferred tax): ₹99.41
  • Profit after tax: ₹390.75
  • Other comprehensive income/(loss): (₹13.06)
  • Total comprehensive income: ₹377.69
  • Basic & Diluted EPS: ₹1.55

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹51,967.07
  • Other income: ₹550.05
  • Total Income: ₹52,517.12
  • Total Expenses: ₹51,185.86
  • Profit before tax: ₹1,331.26
  • Tax expense (Deferred tax): ₹273.81
  • Profit after tax: ₹1,057.45
  • Other comprehensive income/(loss): (₹16.80)
  • Total comprehensive income: ₹1,040.65
  • Basic & Diluted EPS: ₹4.18

Comparative Figures (Quarter Ended September 30, 2025):

  • Profit/(loss) after tax: (₹904.16)
  • Basic & Diluted EPS: (₹3.58)

Year Ended March 31, 2026 (Audited):

  • Profit after tax: ₹233.47
  • Basic & Diluted EPS: ₹0.92

Balance Sheet (Standalone) as of September 30, 2026 (₹ in lakhs)

Assets:

  • Non-current assets: ₹37,826.22
  • Property, plant and equipment: ₹30,676.64
  • Capital work-in-progress: ₹2,590.93
  • Right-of-use assets: ₹593.01
  • Intangible assets: ₹303.20
  • Investments: ₹3,117.28
  • Loans: ₹2.90
  • Current assets: ₹17,365.90
  • Inventories: ₹7,638.86
  • Trade receivables: ₹7,528.21
  • Cash and cash equivalents: ₹36.00
  • Bank balances other than above: ₹96.91
  • Other financial assets: ₹413.02
  • Current tax assets (net): ₹107.77
  • Other current assets: ₹1,545.08
  • Total Assets: ₹55,418.17

Equity and Liabilities:

  • Equity share capital: ₹1,264.00 (face value of ₹5 per share)
  • Other equity: ₹9,156.91
  • Total equity: ₹10,420.91
  • Non-current liabilities: ₹10,422.25
  • Borrowings: ₹7,956.61
  • Lease liability: ₹600.11
  • Other financial liabilities: ₹1.50
  • Provisions: ₹216.11
  • Deferred tax liabilities (net): ₹1,571.27
  • Other non-current liabilities: ₹76.65
  • Current liabilities: ₹34,575.01
  • Borrowings: ₹12,521.20
  • Lease liability: ₹96.39
  • Trade payables:
  • Dues to micro and small enterprises: ₹98.25
  • Dues to other creditors: ₹15,934.44
  • Other financial liabilities: ₹2,303.68
  • Other current liabilities: ₹2,694.36
  • Provisions: ₹23.9
  • Total Liabilities: ₹44,997.26
  • Total Equity and Liabilities: ₹55,418.17

Cash Flows (Standalone) for H1 FY2027 (₹ in lakhs)

  • Net cash from operating activities: ₹1,577.45
  • Net cash used in investing activities: (₹449.87)
  • Net cash used in financing activities: (₹1,113.15)
  • Net increase in cash and cash equivalents: ₹14.43
  • Cash and cash equivalents at period end: ₹36.02

Financial Results (Consolidated)

Income Statement (₹ in lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹26,354.95
  • Other income: ₹77.63
  • Total Income: ₹26,432.58
  • Total Expenses: ₹26,148.51
  • Profit before tax and share in joint venture: ₹284.07
  • Profit in share of joint venture: ₹103.22
  • Profit before tax: ₹387.29
  • Tax expense: ₹73.71 (Current: (₹9.48), Deferred: ₹83.19)
  • Profit after tax: ₹313.58
  • Total comprehensive income: ₹291.8
  • Profit attributable to owners of the company: ₹117.9
  • Basic & Diluted EPS: ₹1.35

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹55,162.48
  • Other income: ₹259.77
  • Total Income: ₹55,422.25
  • Total Expenses: ₹54,362.63
  • Profit before tax and share in joint venture: ₹1,059.62
  • Profit in share of joint venture: ₹263.57
  • Profit before tax: ₹1,323.19
  • Tax expense: ₹275.90 (Deferred)
  • Profit after tax: ₹1,047.25
  • Total comprehensive income: ₹1,026.98
  • Profit attributable to owners of the company: ₹1,045.06
  • Basic & Diluted EPS: ₹4.13

Comparative Figures (Quarter Ended September 30, 2025):

  • Profit/(loss) after tax: (₹616.42)
  • Basic & Diluted EPS: (₹3.69)

Year Ended March 31, 2026 (Audited):

  • Profit after tax: ₹154.84
  • Basic & Diluted EPS: ₹0.56

Balance Sheet (Consolidated) as of September 30, 2026 (₹ in lakhs)

Assets:

  • Non-current assets: ₹37,198.16
  • Current assets: ₹34,230.1
  • Non-current assets classified as held for sale (land): ₹726.05
  • Total Assets: ₹61,654.52

Equity and Liabilities:

  • Equity attributable to owners of the parent: ₹10,294.24
  • Non-controlling interest: ₹327.58
  • Total equity: ₹10,621.82
  • Total liabilities: ₹51,032.70
  • Total Equity and Liabilities: ₹61,654.52

Cash Flows (Consolidated) for H1 FY2027 (₹ in lakhs)

  • Net cash from operating activities: ₹396.99
  • Net cash used in investing activities: (₹317.80)
  • Net cash used in financing activities: (₹8.70)
  • Net decrease in cash and cash equivalents: (₹29.51)
  • Cash and cash equivalents at period end: ₹68.48

Significant Accounting Policy Change

The company changed its method of inventory valuation from FIFO to Weighted Average basis during the quarter ended June 30, 2026. This change was applied retrospectively from April 1, 2025, as permitted under Ind AS 8.

Impact of Change (₹ in lakhs):

On Balance Sheet (as at April 1, 2025):

  • Decrease in Inventory: ₹9.03
  • Decrease in Other Equity: ₹6.76 (net of tax)
  • Decrease in Deferred Tax Liability (Net): ₹2.27

On Statement of Profit and Loss for Q2 FY2026:

  • Increase/(Decrease) in Profit After Tax: ₹6.83
  • Change in EPS (Basic & Diluted): ₹0.03

Segment Information (Consolidated)

The Chief Operating Decision Maker reviews performance at three business segments:

Quarter Ended September 30, 2026 Revenue (₹ in lakhs):

  • Agro Processing Maize: ₹24,594.02
  • Agri Seeds: ₹736.34
  • Spray Dried Food Products: ₹1,061.08
  • Total Segment Revenue: ₹26,391.4
  • Less: Inter-segment elimination: (₹36.49)
  • Revenue From Operation: ₹26,354.95

Segment Results (Profit/(loss) before interest & tax) for Q2 FY2027 (₹ in lakhs):

  • Agro Processing Maize: ₹1,223.26
  • Agri Seeds: ₹50.1
  • Spray Dried Food Products: ₹103.48
  • Total: ₹1,331.85

Segment Assets as of September 30, 2026 (₹ in lakhs):

  • Agro Processing-Maize: ₹46,999.91
  • Agri Seeds: ₹7,020.65
  • Spray Dried Food Products: ₹3,979.90
  • Investment in Joint Venture: ₹2,427.80
  • Unallocable Assets: ₹1,226.26
  • Total Segment Assets: ₹61,654.52

Entities Included in Consolidation

The consolidated results include:

1. M/s Sayaji Seeds Private Limited (subsidiary, converted from LLP on January 9, 2026)

2. M/s. Sayaji Industries FZC, UAE (subsidiary)

3. M/s. Sayaji Ingritech Limited (subsidiary)

4. M/s. Alland and Sayaji LLP (joint venture)

The unaudited financial results of three subsidiaries, representing total assets of ₹7,084.31 lakhs as of September 30, 2026, were not reviewed by their auditors but were certified by management.