Key Decisions and Approvals

The Board of Directors, in their meeting which commenced at 12:30 p.m. and concluded at 7:30 p.m., approved and noted the following items:

1. Appointment of Internal Auditor: Approved the re-appointment of M/s. SPDS & Associates LLP, Chartered Accountants (FRN: W100383), as the Internal Auditor of the Company for a tenure of 3 (three) years. The term is effective from the conclusion of the financial year 2025-26 up to the end of the financial year 2028-29. The firm is a peer-reviewed CA firm with offices in Mumbai, Surat, and Ahmedabad, specializing in statutory and internal auditing, corporate advisory, and tax planning services.

2. Approval of Financial Results: Approved the Audited Standalone and Consolidated Financial Results of the Company for the half-year and financial year ended March 31, 2026, along with the Report of the Statutory Auditor thereon. The results were recommended and reviewed by the Audit Committee.

3. Audit Report Declaration: Declared the issuance of an Audit Report pursuant to Regulation 33(3)(d) with an unmodified opinion on the Audited Standalone and Consolidated Financial Results for the half-year and financial year ended March 31, 2026.

4. Compliance and Non-Compliance Notice: Disclosed that a notice of non-compliance identified by the Exchange and subsequent actions were placed before the Board. The Board confirmed that necessary systemic rectifications were completed and the applicable penalty/fine levied by the Exchange has been fully paid. The Board reviewed the root cause and directed management to strengthen internal compliance tracking mechanisms to prevent recurrence.

Detailed Financial Results (Standalone)

Period: Financial Year (FY) and Half Year (H2) ended March 31, 2026. All figures in ₹ Lakhs.

Profit & Loss Statement:

  • Revenue from Operations (net): FY26: ₹663.64; FY25: ₹847.09 | H2 FY26: ₹301.99; H1 FY26 (Unaudited): ₹361.65; H2 FY25 (Audited): ₹692.53
  • Other Income: FY26: ₹83.93; FY25: ₹64.93 | H2 FY26: ₹81.55; H1 FY26: ₹2.38; H2 FY25: ₹32.21
  • Total Revenue: FY26: ₹747.57; FY25: ₹912.01 | H2 FY26: ₹383.53; H1 FY26: ₹364.03; H2 FY25: ₹724.74
  • Total Expenses: FY26: ₹643.84; FY25: ₹804.60 | H2 FY26: ₹339.11; H1 FY26: ₹304.73; H2 FY25: ₹495.52
  • Cost of materials: FY26: ₹323.88; FY25: ₹580.67
  • Employee benefits: FY26: ₹183.35; FY25: ₹96.78
  • Depreciation: FY26: ₹54.45; FY25: ₹21.23
  • Profit Before Tax: FY26: ₹103.72; FY25: ₹107.41 | H2 FY26: ₹44.42; H1 FY26: ₹59.30; H2 FY25: ₹229.22
  • Profit for the period: FY26: ₹103.72; FY25: ₹107.41 | H2 FY26: ₹44.42; H1 FY26: ₹59.30; H2 FY25: ₹229.22
  • Earnings Per Share (₹10 each):
  • Basic: FY26: ₹0.60; FY25: ₹0.77 | H2 FY26: ₹0.25; H1 FY26: ₹0.35; H2 FY25: ₹1.64
  • Diluted: FY26: ₹0.49; FY25: ₹0.76 | H2 FY26: ₹0.22; H1 FY26: ₹0.27; H2 FY25: ₹1.53

Balance Sheet (Standalone) - Key Highlights as of March 31, 2026:

  • Share Capital: ₹391.00 Lakhs (Previous: ₹125.00 Lakhs)
  • Reserves & Surplus: ₹3,828.61 Lakhs (Previous: ₹3,533.14 Lakhs)
  • Total Shareholders' Funds: ₹4,219.61 Lakhs (Previous: ₹3,658.14 Lakhs)
  • Non-Current Liabilities: ₹893.99 Lakhs (Previous: ₹148.67 Lakhs)
  • Current Liabilities: ₹42.26 Lakhs (Previous: ₹34.87 Lakhs)
  • Total Equity & Liabilities: ₹5,155.86 Lakhs (Previous: ₹3,841.68 Lakhs)
  • Non-Current Assets: ₹3,562.50 Lakhs (Previous: ₹1,312.90 Lakhs)
  • Fixed Assets: ₹1,758.08 Lakhs (PPE: ₹720.56 Lakhs, CWIP: ₹838.93 Lakhs, Intangible under dev: ₹198.59 Lakhs)
  • Current Assets: ₹1,593.36 Lakhs (Previous: ₹2,528.78 Lakhs)
  • Inventories: ₹464.47 Lakhs | Trade Receivables: ₹748.71 Lakhs | Cash & Cash Equivalents: ₹17.94 Lakhs

Cash Flow Statement (Standalone) for FY26:

  • Net Cash from Operating Activities: ₹19.75 Lakhs (Previous: ₹(1,943.50) Lakhs)
  • Net Cash used in Investing Activities: ₹(1,926.81) Lakhs (Previous: ₹(646.42) Lakhs)
  • Net Cash from Financing Activities: ₹1,135.22 Lakhs (Previous: ₹3,357.39 Lakhs)
  • Net Decrease in Cash: ₹(771.84) Lakhs (Previous: Increase of ₹767.47 Lakhs)

Detailed Financial Results (Consolidated)

Profit & Loss Statement:

  • Revenue from Operations (net): FY26: ₹787.83; FY25: ₹847.09 | H2 FY26: ₹419.06; H1 FY26 (Unaudited): ₹368.77; H2 FY25 (Audited): ₹692.53
  • Profit Before Tax: FY26: ₹109.27; FY25: ₹107.41 | H2 FY26: ₹43.30; H1 FY26: ₹65.96; H2 FY25: ₹229.22
  • Profit for the period: FY26: ₹109.27; FY25: ₹107.41 | H2 FY26: ₹43.30; H1 FY26: ₹65.96; H2 FY25: ₹229.22
  • Earnings Per Share (₹10 each):
  • Basic: FY26: ₹0.63; FY25: ₹0.77 | H2 FY26: ₹0.28; H1 FY26: ₹0.35; H2 FY25: ₹1.64
  • Diluted: FY26: ₹0.52; FY25: ₹0.76 | H2 FY26: ₹0.25; H1 FY26: ₹0.27; H2 FY25: ₹1.53

Balance Sheet (Consolidated) - Key Highlights as of March 31, 2026:

  • Total Equity & Liabilities: ₹5,905.32 Lakhs (Previous: ₹3,841.68 Lakhs)
  • Total Assets: ₹5,905.32 Lakhs (Previous: ₹3,841.68 Lakhs)

Segment Reporting (Standalone)

For the year ended March 31, 2026:

  • Revenue: Beverages Sales (₹447.66 Lakhs), Snacks (₹59.85 Lakhs), Technical Consultancy (₹40.00 Lakhs), Project Consultancy Fees (₹50.00 Lakhs), Rental Income (₹36.00 Lakhs).
  • Segment Result (PBT): Beverages (₹69.97 Lakhs), Snacks (₹9.35 Lakhs), Technical Consultancy (₹6.25 Lakhs), Rental Income (₹5.63 Lakhs).

Subsidiary and Business Updates

Detailed operational progress was provided for key subsidiaries and business verticals:

1. Valencia Beverages & Superwater Private Limited (Wholly Owned Subsidiary): Engaged in PET bottle beverage manufacturing. Commissioned two manufacturing units, doubling bottling capacity. Secured a significant co-packing agreement with Virchow Laboratories Limited. Expanded distribution network across five southern states and Maharashtra.

2. Valencia Nutracare Lifesciences Private Limited (75% Subsidiary): Incorporated to address nutrition across the human lifecycle. Conducted extensive R&D with over 28 domain experts and 15+ formulation trials. Focused on pregnancy and lactation nutrition verticals initially. Entering commercial production phase.

3. Valencia Vitabev (Can Beverages): Conducted multiple pilot programs. Achieved sales exceeding 100,000 Cans since August 2025, with a retail footprint of over 400 stores in Goa and 200+ outlets in Mumbai. Launched a co-branded energy drink "Nitrro Roar" with Nitrro Fitness in October 2025. Employs a B2B distribution strategy via Innov8 and AWFIS.

4. New Product Launches:

  • Commenced production of fortified snacks under the brand "CRUNZZO" (Potato Chips, Baked/Fried Extruded Snacks, Namkeen).
  • Initiated pilot production of fortified Valencia Osmania Biscuits and other cookie variants in March 2026.

Additional Notes from Financial Statements

  • The financial results for the six months ended March 31, 2026, were derived by subtracting the unaudited figures for H1 FY26 (ended Sept 30, 2025) from the full-year audited figures for FY26.
  • The company operates multiple segments.
  • Comparative figures for the previous period have been regrouped/rearranged for conformity.
  • The financial results will be available on the company's website (www.valencianutrition.com) and BSE website (www.bseindia.com).