AGM Details
The 34th Annual General Meeting will be held on Monday, August 3, 2026, at 02:30 P.M. (IST) through video conferencing/other audiovisual means.
The company is providing remote e-voting facility through CDSL. The e-voting period commences on Friday, July 31, 2026 at 09:00 A.M. (IST) and ends on Sunday, August 2, 2026 at 05:00 P.M. (IST). The cut-off date for determining voting eligibility is Monday, July 27, 2026.
The company has appointed Mr. Panakkat Sandeep Kumar of Panakkat Sandeep & Associates, Practicing Company Secretaries, as the Scrutinizer for the e-voting process.
Business to be Transacted
1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026, together with reports of Board of Directors and Auditors
2. Re-appointment of Mr. Thomas Kadakketh Chandy (DIN: 02239374) as Director, who retires by rotation
Key Financial Figures (Amount in ₹ Lakhs)
| Particulars | FY 2025-26 | FY 2024-25 |
| Revenue from operations | 2,869.89 | 2,845.22 |
| Other Income | 11.72 | 8.36 |
| Total Revenue | 2,881.61 | 2,853.58 |
| Total expense | 2,852.69 | 2,846.67 |
| Profit before Tax | 28.92 | 6.91 |
| Profit After tax | 26.58 | 6.91 |
| Basic EPS (₹) | 0.45 | 0.13 |
| Diluted EPS (₹) | 0.45 | 0.13 |
Balance Sheet Highlights:
- Paid-up capital: ₹647.95 lakhs (64,79,500 equity shares of ₹10 each)
- Total Assets: ₹2,211.92 lakhs (Previous year: ₹1,822.17 lakhs)
- Inventories: ₹980.07 lakhs (Previous year: ₹1,183.66 lakhs)
- Trade Receivables: ₹870.12 lakhs (Previous year: ₹285.94 lakhs)
- Borrowings: ₹1,646.94 lakhs (Current), ₹0 lakhs (Non-current)
- Total Equity: ₹82.67 lakhs (Previous year: ₹53.32 lakhs)
Dividend and Reserves
The Board of Directors has not recommended any dividend for FY 2025-26. No amount was transferred to reserves for the financial year under review.
Director Re-appointment Details
Mr. Thomas Kadakketh Chandy (DIN: 02239374), aged 80, offers himself for re-appointment as Director liable to retire by rotation.
Key details:
- Date of first appointment: August 21, 1992
- Qualifications: Pre-degree
- Experience: Over 31 years in seafood business
- Shares held: 237,500 equity shares
- Relationship: Father of Managing Director Mr. Anush Kalluvila Thomas
- Committee memberships: Nil
- Board meetings attended: 8 out of 8 in FY 2025-26
- Other directorships: Himax Builders India Private Limited, Casper Securities Private Limited, Gilgal Property Developers Private Limited, Shrewsberry Farm Products Private Limited
Board Composition and Changes
As of March 31, 2026, the Board comprises:
1. Mr. Sachu Rajan Eapen - Chairman, Independent Director
2. Mr. Ganesh Mohan - Independent Director
3. Mr. Anush Kalluvila Thomas - Managing Director
4. Mrs. Nithya Alex - Non-executive Woman Director
5. Mr. Thomas Kadakketh Chandy - Non-executive Director
Changes during FY 2025-26:
- Mr. Ambrish Naresh Sampat, Independent Director (DIN: 01969624) resigned effective October 31, 2025
- Mr. Ganesh Mohan appointed as Independent Director effective October 31, 2025
- Mr. Mohanlal (DIN: 00149939) resigned effective November 30, 2025
Key Managerial Personnel
- Mr. Anush Kalluvila Thomas - Managing Director
- Mrs. Bindu Suresh - Chief Financial Officer
- Mr. Sajeesh Kurian P - Company Secretary and Compliance Officer
Bankers
1. The Federal Bank Ltd, Kozhikode
2. UCO Bank, Kozhikode
Registered Office and Contact Details
11/19, Chamancheri, Vengalam P.O., Calicut, Kerala, India - 673303
Registrars & Share Transfer Agents
MUFG Intime India Private Limited
Surya, 35, Mayflower Avenue, Behind Senthil Nagar, Sowripalayam Road,
Coimbatore - 641028, Tamil Nadu
Operational Highlights
The company is engaged in purchasing, processing, curing, canning, freezing, selling, exporting and dealing in marine products. There was no change in the business during FY 2025-26.
The company implemented workforce restructuring measures due to underutilization of manpower in certain operational areas caused by continued shortage of raw materials and lower production requirements. These measures were part of operational optimization and cost rationalization initiatives.
Foreign Exchange Earnings & Outgo
Export of goods on FOB basis: ₹2,230.70 lakhs (Previous year: ₹2,084.36 lakhs)
No royalty, know-how, professional charges, interest or dividend income from foreign exchange transactions.
Compliance Status
The company has complied with applicable provisions of Companies Act, 2013 and SEBI Listing Regulations. No significant material orders were passed by regulators, courts or tribunals impacting the going concern status.
The Secretarial Audit Report does not contain any qualification, observation or adverse remark. The Statutory Auditors' report does not contain any qualification, reservation or adverse remark.
Energy Conservation
Electricity purchased: 11,47,232 KWH (₹108.81 lakhs)
Own generation through diesel generator: 29,820 KWH
Consumption per unit of production: Electricity - 2.28 KWH, Diesel - 0.14 Ltrs
Employee Strength
Total permanent employees: 43 (Previous year: 48)
Important Notes
1. The company has identified errors in computation of depreciation on Property, Plant and Equipment relating to earlier periods, resulting in net excess depreciation provision of ₹8.92 lakhs, which has been corrected retrospectively.
2. The company has approved sale of 180 cents of land with building at registered office location, with condition that successful bidder must lease the building back to the company.
3. Bill discounted with Federal Bank under FDBP limit: ₹481.89 lakhs (Previous year: ₹215.11 lakhs), secured against documents of title to goods and hypothecation of assets.