Detailed Summary

Key Quantitative Figures & Financial Results

Standalone Results (Q4 FY26):

  • Total Income/Revenue from Operations: ₹410.51 Crores
  • Net Profit before Tax: ₹18.38 Crores
  • Net Profit after Tax: ₹13.23 Crores
  • Total Comprehensive Income: ₹13.88 Crores
  • Earnings Per Share (Basic & Diluted): ₹4.23

Standalone Results (Full Year FY26):

  • Total Income/Revenue from Operations: ₹1,442.40 Crores
  • Net Profit before Tax: ₹34.09 Crores
  • Net Profit after Tax: ₹26.09 Crores
  • Total Comprehensive Income: ₹28.43 Crores
  • Earnings Per Share (Basic & Diluted): ₹8.35
  • Paid-up Equity Share Capital: ₹15.62 Crores (Face Value ₹5 each)

Consolidated Results (Q4 FY26):

  • Total Income/Revenue from Operations: ₹410.69 Crores
  • Net Profit before Tax: ₹20.44 Crores
  • Net Profit after Tax: ₹14.59 Crores
  • Total Comprehensive Income: ₹15.24 Crores
  • Earnings Per Share (Basic & Diluted): ₹4.67

Consolidated Results (Full Year FY26):

  • Total Income/Revenue from Operations: ₹1,451.04 Crores
  • Net Profit before Tax: ₹35.55 Crores
  • Net Profit after Tax: ₹27.03 Crores
  • Total Comprehensive Income: ₹29.36 Crores
  • Earnings Per Share (Basic & Diluted): ₹8.65

Segment-wise Revenue (FY26 Standalone):

  • Maize Processing Division: ₹1,442.40 Crores
  • Infrastructure Division: ₹64.13 Crores
  • Others: ₹1.42 Crores

Balance Sheet Highlights (Standalone as of 31.03.2026):

  • Total Assets: ₹1,061.88 Crores
  • Total Equity and Liabilities: ₹1,061.88 Crores
  • Property, Plant and Equipment: ₹416.49 Crores
  • Inventories: ₹286.66 Crores
  • Borrowings (Non-current): ₹87.21 Crores
  • Borrowings (Current): ₹235.49 Crores

Dates of Action

  • Board Meeting Date: 27th May, 2026
  • Financial Period Ended: 31st March, 2026
  • Auditor's Report Date: 27th May, 2026

Parties Involved

  • Statutory Auditors: M/s Y.K. Sud & Co., Chartered Accountants (Firm Regn. No. 000047N)
  • Cost Auditors: M/s Kushwinder Kumar & Associates, Cost Accountants
  • Subsidiaries: Sukjit Mega Food Park & Infra Ltd., The Vijoy Steel & General Mills Co. Ltd., Scott Industries Ltd.
  • Stock Exchanges: BSE Limited, National Stock Exchange of India Limited
  • Key Personnel: K.K. Sardana (Managing Director), Madan Gopal Sharma (Executive Director)

Purpose & Rationale

  • To comply with SEBI LODR Regulation 33 by reporting audited quarterly and annual financial results.
  • To seek shareholder approval for key proposals in the ensuing Annual General Meeting.

Capital Structure Impact

  • The paid-up equity share capital remained unchanged at ₹15.62 Crores.
  • A final dividend recommendation, if approved, will result in a cash outflow subject to shareholder approval.

Cash Flow Implications

Standalone Cash Flow (FY26):

  • Net Cash from Operating Activities: ₹1.69 Crores
  • Net Cash used in Investing Activities: (₹8.51) Crores
  • Net Cash from Financing Activities: ₹6.76 Crores
  • Net decrease in Cash and Cash Equivalents: (₹0.06) Crores

Other Material Disclosures

1. Dividend Declaration: The Board recommended a final dividend @ 20% i.e., ₹1 per equity share of ₹5 each for FY 2025-26.

2. Change in Registered Office: Approved shifting from Sarai Road, Phagwara, Distt. Kapurthala-144401 to Rehana Jattan, Teh. Phagwara, Distt. Kapurthala-144407. This move was already approved by shareholders via a special resolution in the 77th AGM.

3. Re-appointments:

  • Re-appointment of Sh. Madan Gopal Sharma as Executive Director for 5 years w.e.f. 01/06/2026 to 31/05/2031.
  • Re-appointment of M/s Kushwinder Kumar & Associates as Cost Auditors for FY 2026-27.

4. Labour Code Impact: The Government of India notified four Labour Codes on 21st November 2025. The company assessed a financial implication of ₹17 Lacs (Standalone) and ₹20 Lacs (Consolidated) mainly for incremental gratuity. This amount, considered immaterial, was accounted for under "Employee Benefits Expense" and not as an exceptional item.

5. Audit Opinion: The statutory auditors, M/s Y.K. Sud & Co., issued an unmodified (clean) audit opinion on both the standalone and consolidated financial results.

Notes to Financial Results

  • The figures for the last quarter (Q4) are balancing figures between the audited full-year results and the published year-to-date figures up to Q3.
  • Previous year figures have been regrouped/recast for comparability.
  • The company operates in a single segment: manufacturing starch & its derivatives.
  • The consolidated results include subsidiaries Sukjit Mega Food Park & Infra Ltd. (not a material subsidiary), The Vijoy Steel and General Mills Co. Limited, and Scott Industries Limited (closed entities).