Board Meeting Details
The Board of Directors meeting was held on May 28, 2026, from 12:30 p.m. to 7:30 p.m.
Key Approvals and Disclosures
1. Internal Auditor Appointment
The Board approved the re-appointment of M/s. SPDS & Associates LLP, Chartered Accountants (FRN: W100383), as Internal Auditor for a tenure of 3 years, effective from conclusion of FY 2025-26 until end of FY 2028-29.
2. Financial Results Approval
The Board approved the Audited Standalone and Consolidated Financial Results for the half-year and financial year ended March 31, 2026, along with the Statutory Auditor's Report, as recommended by the Audit Committee.
3. Audit Report Declaration
Declaration confirming issuance of Audit Reports with unmodified opinions on both Standalone and Consolidated Audited Financial Results for half-year and year ended March 31, 2026, pursuant to Regulation 33(3)(d).
4. Compliance Disclosure
The Board noted a non-compliance notice from the Exchange and confirmed that:
- Necessary systemic rectifications have been completed
- Applicable penalty/fine levied by Exchange has been fully paid
- Management directed to strengthen internal compliance tracking mechanisms
- Team instructed to ensure absolute adherence to regulatory timelines
Financial Results - Standalone (All amounts in ₹ lakhs)
Profit & Loss Statement
- Revenue from Operations (net): FY26: ₹847.09 (vs. FY25: ₹663.64)
- Other Income: FY26: ₹64.93 (vs. FY25: ₹53.93)
- Total Revenue: FY26: ₹912.01 (vs. FY25: ₹747.57)
- Total Expenses: FY26: ₹804.60 (vs. FY25: ₹643.84)
- Profit Before Tax: FY26: ₹107.41 (vs. FY25: ₹103.72)
- Profit After Tax: FY26: ₹107.41 (vs. FY25: ₹103.72)
- EPS Basic: FY26: ₹0.77 (vs. FY25: ₹1.78)
- EPS Diluted: FY26: ₹0.76 (vs. FY25: ₹1.72)
Half-Year Breakdown (March 31, 2026)
- Revenue: ₹301.99 (Audited)
- Profit After Tax: ₹44.42 (Audited)
Balance Sheet Position (as at March 31, 2026)
- Share Capital: ₹1,832.03 lakhs (vs. ₹1,698.03 lakhs)
- Reserves & Surplus: ₹1,996.58 lakhs (vs. ₹1,835.10 lakhs)
- Share Warrants: ₹391.00 lakhs (vs. ₹125.00 lakhs)
- Long-term Borrowings: ₹893.99 lakhs (vs. ₹148.67 lakhs)
- Total Assets: ₹5,155.86 lakhs (vs. ₹3,841.68 lakhs)
Cash Flow Statement (FY26)
- Net Cash from Operating Activities: ₹19.75 lakhs
- Net Cash Used in Investing Activities: ₹(1,926.81) lakhs
- Net Cash from Financing Activities: ₹1,135.22 lakhs
- Net Decrease in Cash: ₹(771.84) lakhs
- Cash & Equivalents at End: ₹17.94 lakhs (vs. ₹789.78 lakhs)
Financial Results - Consolidated (All amounts in ₹ lakhs)
Profit & Loss Statement
- Revenue from Operations (net): FY26: ₹787.83 (vs. Standalone FY25: ₹663.64)
- Other Income: FY26: ₹170.01 (vs. Standalone FY25: ₹53.93)
- Total Revenue: FY26: ₹957.84 (vs. Standalone FY25: ₹747.57)
- Total Expenses: FY26: ₹848.57 (vs. Standalone FY25: ₹643.84)
- Profit Before Tax: FY26: ₹109.27 (vs. Standalone FY25: ₹103.72)
- Profit After Tax: FY26: ₹109.27 (vs. Standalone FY25: ₹103.72)
- EPS Basic: FY26: ₹1.88 (vs. Standalone FY25: ₹1.78)
- EPS Diluted: FY26: ₹1.81 (vs. Standalone FY25: ₹1.72)
Balance Sheet Position (as at March 31, 2026)
- Total Assets: ₹5,905.32 lakhs
- Share Capital: ₹1,832.03 lakhs
- Reserves & Surplus: ₹1,996.34 lakhs
- Minority Interest: ₹0.16 lakhs
- Long-term Borrowings: ₹1,513.29 lakhs
Subsidiary Updates
Valencia Beverages & Superwater Private Limited (Wholly Owned)
- Commissioned two manufacturing units with 250 bottles/minute capacity each
- Signed co-packing agreement with Virchow Laboratories Limited
- Expanded distribution across five southern states and Maharashtra
Valencia Nutracare Lifesciences Private Limited (75% Holding)
- Focused on science-led nutrition across human life cycle (11 verticals)
- Consulted 28+ domain experts, conducted 15+ formulation trials
- Entering commercial production phase
Valencia Vitabev - Can Beverages
- Sold over 100,000 cans since August 7, 2025
- Available in 400+ stores in Goa and 200+ outlets in Mumbai
- Launched co-branded "Nitrro Roar" energy drink with Roaring Fitness
- Deployed B2B distribution through Innov8 (OYO Workspaces) and AWFIS
New Product Launches
- CRUNZZO Fortified Snacks: Potato chips, baked extruded snacks, namkeen with vitamins A, D, E at MRP ₹5
- Valencia Osmania Biscuits: Fortified with vitamins B Complex & C, multiple variants at MRP ₹5
Expense Explanations
The company disclosed ₹65.59 lakhs in expenses related to business building activities including:
- Financial charges: ₹12.02 lakhs
- Marketing for cans: ₹6.16 lakhs
- Startup Mahakumbh: ₹13.38 lakhs
- Unit 2 plant opening: ₹14.93 lakhs
- Various other marketing and development expenses
Auditor Information
- Statutory Auditors: M/s. H A Y & Associates LLP, Chartered Accountants (FRN: 104106W)
- Internal Auditors: M/s. SPDS & Associates LLP, Chartered Accountants (FRN: W100383)