Financial Performance Highlights
FY 2025-2026 Results:
- Revenue from Operations: ₹14,988.00 lakhs (₹149.88 crore), representing 40% growth from ₹10,669.84 lakhs in FY 2024-25
- Net Profit: ₹866.80 lakhs (₹8.67 crore), showing 227% growth from ₹265.18 lakhs in previous year
- Profit Before Tax: ₹1,002.15 lakhs
- Earnings Per Share: ₹18.25 (Basic and Diluted) compared to ₹13.27 in previous year
- EBITDA: ₹1,063.67 lakhs
- Net Worth: ₹3,286.39 lakhs
Key Financial Ratios:
- Revenue growth: 40% YoY
- Net profit growth: 227% YoY
- EPS increased from ₹13.27 to ₹18.25
Capital Structure Changes
Rights Issue Details:
- Issue Size: 29,98,500 equity shares proposed
- Actual Allotment: 27,50,000 equity shares allotted (93.45% subscription)
- Issue Price: ₹54.60 per share (₹10 face value + ₹44.60 premium)
- Amount Raised: ₹15.01 crore
- Listing Date: May 19, 2025 on BSE SME platform
Share Capital Changes:
- Pre-Issue Capital: ₹199.90 lakhs (19,99,000 shares of ₹10 each)
- Post-Issue Capital: ₹474.90 lakhs (47,49,000 shares of ₹10 each)
- Authorized Capital: ₹1,350.00 lakhs (1,35,00,000 shares of ₹10 each)
Strategic Initiatives
Proposed Acquisition:
- Target: Holkar Somnath Milk and Agro Products Pvt. Ltd.
- Proposed Value: ₹170 million (₹17 crore)
- Strategic Rationale: Strengthening dairy and agro value chain participation
Business Strategy:
- Focus on diversification across agriculture, agro-products, food and allied sectors
- Emphasis on technology-led transformation and operational excellence
- Building integrated business capabilities including warehousing, cold-chain, and logistics
Corporate Governance
Board Composition:
- Managing Director: Mrs. Sonali Nilesh Kocharekar
- Whole Time Director: Mrs. Smita Shashikant Shah
- Independent Directors: Mr. Sundeep Paul Menezes, Ms. Ekta Anuj Chugani
- Executive Professional Director: Mr. Sanjay Rajkumar Dua (retiring by rotation)
- Additional Director: Mr. Devendrakumar Keshvlal Viradiya (resigned November 13, 2025)
Key Managerial Personnel:
- CFO: Mr. Shivang Shashikant Shah
- Company Secretary: Ms. Sweta Agarwal
Board Meetings:
- 9 meetings held during FY 2025-26
- All directors attended all meetings they were entitled to attend
AGM Matters
Date and Time:
- AGM Date: September 28, 2026
- Time: 4:00 PM IST
- Venue: HD-275, WeWork Oberoi Commerz II, 20th floor, Goregaon East, Mumbai - 400063
Agenda Items:
1. Adoption of financial statements for FY 2025-26
2. Not filling casual vacancy caused by retirement of Mr. Sanjay Rajkumar Dua (DIN: 10537921)
3. Reappointment of M/s. H Rajen & Co., Chartered Accountants as statutory auditors for 5 years (FY 2026-27 to 2030-31)
Voting Details:
- E-voting Period: September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
- Cut-off Date: September 21, 2026
- Register Closure: September 22, 2026 to September 28, 2026
Dividend and Reserves
- Dividend: No dividend recommended for FY 2025-26
- Reserves: No amount transferred to general reserves
Statutory Auditors:
- Firm: M/s. H Rajen & Co., Chartered Accountants
- FRN: 108351W
- Tenure: Recommended for reappointment for 5 years (2026-27 to 2030-31)
- Remuneration: To be mutually agreed between auditors and board
Secretarial Auditor:
- Firm: M/s K.P. Ghelani & Associates, Company Secretaries
- Tenure: Appointed for 5 years (2025-26 to 2029-30)
Internal Auditor:
- Name: Ms. Nilima Bane
- Appointment: For FY 2025-26 and FY 2026-27
Operational Highlights
- Business Model: Trading in FMCG products with focus on healthy snacks portfolio
- Product Range: Granola Bars, Healthy Laddus, Puffs, Cheeselings, Chakli, Diet Bhel, Sev
- Manufacturing: In-house production at Vasai facility
- Market Presence: Distribution to institutional buyers, regional distributors, and retail channels across India
Future Outlook
- Focus on expanding operating footprint and strategic partnerships
- Evaluation of inorganic growth opportunities
- Strengthening technology-enabled operational systems
- Building scalable business platform across agriculture and food sectors