Nature of the Event

Wardwizard Foods and Beverages Limited has submitted its Annual Report for FY 2025-26 and Notice of the 72nd Annual General Meeting to BSE Limited. This constitutes a regulatory disclosure under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, specifically Regulation 34(1) for annual report submission and Regulation 30 for material events.

Financial Performance Summary

Revenue from Operations: ₹237.73 crore in FY26 vs ₹92.78 crore in FY25 (156% growth)

Profit After Tax: ₹1.31 crore in FY26 vs loss of ₹13.69 crore in FY25

EBITDA: ₹10.02 crore at 4.17% margin

Total Assets: ₹204.30 crore as of March 31, 2026

Cash and Cash Equivalents: ₹3.85 lakh

EPS (Basic & Diluted): ₹0.05 (FY25: -₹0.53)

Segment Performance

The company operates across three business segments:

  • RTE, Frozen, Sauces & Mayo: Revenue of ₹1.97 crore, segment loss of ₹7.02 crore
  • Food Commodities: Revenue of ₹225.46 crore, segment profit of ₹5.52 crore
  • Services: Revenue of ₹10.31 crore, segment profit of ₹6.08 crore

Audit Qualifications and Emphasis of Matter

The statutory auditors issued a qualified opinion with the following key issues:

  • Other Current Assets include outstanding advances of ₹7.60 crore subject to assessment of recoverability with no impairment provision recognized
  • Other Current Financial Assets include outstanding amount of ₹1.08 crore with no Expected Credit Loss provision recognized
  • Unsecured Borrowings include ₹29.42 crore payable to Indian Credit Co-operative Society without available balance confirmation or loan statements
  • The company has not recognized interest liability on delayed payments to Micro and Small Enterprises under MSMED Act, 2006

Balance Sheet Position (as at March 31, 2026)

Non-Current Assets: ₹84.38 crore (including Property, Plant & Equipment ₹61.86 crore, Intangible Assets ₹15.89 crore, Capital Work-in-Progress ₹5.36 crore)

Current Assets: ₹119.92 crore (including Inventories ₹2.70 crore, Trade Receivables ₹83.64 crore, Loans ₹21.55 crore)

Equity: ₹81.61 crore (Share Capital ₹25.71 crore, Other Equity ₹55.89 crore)

Liabilities: ₹122.69 crore (Non-Current ₹33.50 crore, Current ₹89.19 crore)

Borrowings: ₹37.03 crore total

Corporate Governance and Board Structure

Board Composition: 8-member board comprising 1 Executive Director, 2 Non-Executive Non-Independent Directors, and 5 Non-Executive Independent Directors

Board Meetings: 6 meetings held during FY26

Key Managerial Personnel: Mrs. Sheetal Mandar Bhalerao (CMD), Ms. Sejal Varia (CFO), Ms. Bindu Patidar (Company Secretary, appointed May 4, 2026)

Director Remuneration: Mrs. Sheetal Mandar Bhalerao received ₹60.00 lakhs as salary; Non-Executive Directors received sitting fees totaling ₹1.875 lakhs

Strategic and Operational Updates

  • Export Markets Expanded: 6 countries (USA, Canada, UAE, Bahrain, Germany, Tanzania)
  • Manufacturing Capacity: 1,500 TPA at Por facility, expanding from 5 TPD to 15 TPD
  • Medium-term Targets: 25% revenue CAGR and 12-15% EBITDA margin by FY29
  • Product Expansion: Introduced Farali range, Indian sweets range, Gujarati Dal, Methi Mutter Malai
  • Employee Strength: 18 permanent employees

Related Party Transactions Seeking Approval

Ordinary Business Items:

  • Wardwizard Solutions India Pvt Ltd: ₹80 crore
  • I Secure Credit & Capital Services Ltd: ₹10 crore
  • Mangalam Industrial Finance Ltd: ₹25 crore
  • Wardwizard Innovations & Mobility Ltd: ₹10 crore
  • Wardwizard Medicare Pvt Ltd: ₹20 crore
  • Wardwizard Healthcare Ltd: ₹20 crore
  • Mrs. Sheetal Mandar Bhalerao: ₹10 crore
  • Mr. Yatin Sanjay Gupte: ₹10 crore

AGM Details and Corporate Calendar

72nd AGM Details:

  • Date: September 28, 2026
  • Time: 1:00 PM IST
  • Venue: Through Video Conferencing/Other Audio-Visual Means
  • Remote E-voting Period: September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
  • Record Date: September 21, 2026

Shareholding Pattern and Capital Structure

Total Paid-up Capital: ₹25.71 crore (257,140,000 equity shares of ₹1 each)

Promoter & Promoter Group: 53.32%

Public Shareholding: 46.68%

Dematerialized Shares: 99.12% of total capital

No dividend recommended for FY26