Aveer Foods Ltd

Dematerialisation processing and listing status

• Securities received for dematerialisation were processed and confirmed to the depositories.
• Securities dematerialised have been listed on the stock exchanges where the existing shares are listed.
• No physical certificates were received for dematerialisation during the quarter; all shares are in demat mode.

AGM details

• Date/time/mode: 29 Sep 2026, 11:30 AM, via VC/OAVM.

Key resolutions

• Adopt audited financial statements and reports (ordinary).
• Declare dividend of Rs 0.25 per equity share (ordinary).
• Re-appoint director by rotation (ordinary).

Voting results

• Adoption of financial statements: Passed.
• Dividend: Passed.
• Director rotation: Passed.

Dividend

• Dividend of Rs 0.25 per equity share approved.

Director changes

• No new appointments; existing directors re-appointed by rotation.

Aveer Foods Ltd – Board Meeting to approve the un-audited financial results for the quarter ended 30 September, 2026 will be communicated separately.

AGM details

• 7th AGM held on 29 September 2026 at 11:30 AM via VC/OAVM.
• Notice dated 24 August 2026 referenced.
• Meeting conducted from Hadapsar, Pune.

Resolutions

• Adopt audited financial statements for year ended 31 March 2026 — Ordinary resolution.
• Re-appoint Anand Rajkumar Chordia as Director, liable to retire by rotation — Ordinary resolution.
• Re-appoint Bapu Gavhane as Whole-Time Director 31 Oct 2026 to 30 Oct 2027 — Special Business; Ordinary resolution.
• Approve revised limit of material related party transactions with related party — Ordinary resolution.

Dividend

• Dividend of Rs 0.25 per equity share declared for FY ended 31 March 2026.

Voting results

• Voting outcome not disclosed for adoption of financial statements.
• Voting outcome not disclosed for re-appointment of Anand Chordia.
• Voting outcome not disclosed for re-appointment of Bapu Gavhane.
• Voting outcome not disclosed for RPT limit approval.

Director changes

• Anand Rajkumar Chordia re-appointed as Director liable to retire by rotation.
• Bapu Gavhane re-appointed as Whole-Time Director for 2026–2027.

Material related party transactions

• To consider and approve revised limit of material related party transactions.

Dividend and AGM record details

• Security: Equity Shares.
• Record date: 22 September 2026 for dividend and AGM entitlement.
• Book closure: 23 Sep 2026 to 29 Sep 2026 for AGM-related entitlement.
• Final dividend: Rs 0.25 per equity share (2.5%).
• AGM date and time: 29 September 2026 at 11:30 AM (VC/OAVM).
• Cut-off date for e-voting entitlement: 22 September 2026.
• Remote e-voting window: 26 Sep 2026 9:00 AM to 28 Sep 2026 5:00 PM.

Financial performance

• Revenue from operations: 14,324.60 Lakhs; up from 10,851.89 in prior year.
• EBITDA: 859.39 Lakhs; improved from 794.89 in FY24-25.
• Profit after tax: 356.28 Lakhs; lower than 393.91 in FY24-25.
• Basic EPS: 8.74; diluted EPS: 8.59.
• Final dividend of 0.25 per equity share proposed; payout ~11.20 Lakhs; record date 22-Sep-2026.

Capital structure & liquidity

• Borrowings: 65.30 Lakhs; cash and cash equivalents: 26.87 Lakhs.
• Net debt: 38.43 Lakhs; current ratio: 2.59; DSCR: 4.84.
• Share capital: 448.04 Lakhs; outstanding equity shares: 4,480,426.
• Promoter group holding: 74.88%; 4,52,174 warrants converted to equity; total equity now 5,099.55 Lakhs.

Strategic actions & capital moves

• Acquisition of Kamal Industries on a slump sale basis; consideration 2500 Lakhs; goodwill 157.14 Lakhs.
• 4,52,174 warrants converted; equity increased to 44,80,426 shares.
• 75% of warrant proceeds received in FY2025-26; listing approvals obtained post-year-end.

Dividend & shareholder return timeline

• Final dividend: 0.25 per share; cash outflow 11.20 Lakhs; payable subject to member approval.
• Record date for dividend: 22 Sep 2026; dividend to be paid within 30 days of declaration.

Governance & risk management

• Board strength: 10 directors (3 ED, 7 NED); 6 independent; Radhakrishnan resigned Oct 2025.
• Five Board meetings held; Independent Directors met on 11-Mar-2026 (except Lamba).
• Statutory auditors: SBH & Co; no qualifications; Secretarial auditor: Satish & Satish for 5 years.

Related party disclosures

• Material RPT with Pravin Masalewale; up to 95 Crores approved till AGM 2027.
• FY2025-26 related party transactions: Sales 3730.91 Lakhs; Purchases 2548.72 Lakhs; Royalty 19.85 Lakhs.
• Omnibus approvals & quarterly review by Audit Committee; no adverse conflicts reported.

ESG, sustainability & outlook

• BRSR applicability not required; ongoing ESG initiatives in GHG, water recycling, waste-to-wealth.
• Waste segregation; biomass briquettes; aim for LPG-free plants; water reuse and planned ZLD.
• Industry outlook positive: focus on branding, distribution, and product innovations in processed foods.

Director change

• Re-appointment of Mr. Bapu Ramchandra Gavhane as Executive Director to be designated as Whole-Time Director.
• Term from 31 Oct 2026 to 30 Oct 2027 (1 year).
• Approved by Board on recommendation of Nomination and Remuneration Committee.
• Profile: Mr. Bapu Ramchandra Gavhane has vast experience in Finance, Accounts and Taxation.
• Subject to shareholders' approval.
• Not debarred by SEBI or any other authority.
• No disclosed relationships with other directors.