Sunil Agro Foods Ltd

Dematerialisation status

• Securities dematerialised in the quarter ended 30 September 2026 have been listed on the stock exchanges.
• Securities received for dematerialisation were confirmed to the depositories.
• Physical certificates for dematerialisation were mutilated and cancelled after verification.
• Depository name substituted as registered owner within 15 days.

Sunil Agro Foods Limited – Trading Window closed from Oct 1, 2026 until 48 hours after unaudited results for the quarter and half year ended Sep 30, 2026.

AGM details

• Date/time/mode: 23 Sep 2026, 11:00 AM, VC/OAVM.

AGM details (cont.)

• End time: 11:19 AM IST.
• Record date: 16-09-2026.

Key resolutions

• Ordinary: Adoption of financial statements and related reports.
• Ordinary: Reappointment of Mrs. Manvi Jain (DIN 10497934).
• Special: Re-appointment of Mr. Pramod Kumar S as Whole-Time Director.

Voting results

• Resolution 1 passed; 26 in favour, 1 against.
• Resolution 2 passed; 26 in favour, 1 against.
• Resolution 3 passed; 26 in favour, 1 against.

Director changes

• Mrs. Manvi Jain reappointed as Director.
• Mr. Pramod Kumar S reappointed as Whole-Time Director.

AGM quorum correction

• Quorum count at 38th AGM corrected to 35 members from 34.

AGM details

• AGM held on 23 September 2026 at 11:00 IST via VC/OAVM.

Key Resolutions

• Ordinary: Adopt financial statements for year ended 31 March 2026, including Auditors' Report.
• Ordinary: Reappoint Mrs. Manvi Jain as Director on retirement by rotation.
• Special: Reappoint Mr. Pramod Kumar S as Whole Time Director.

Voting results

• Voting results to be announced after Scrutinizer’s report.
• Results to be filed with BSE and posted on the company website.

Director Changes

• Mrs Manvi Jain to be reappointed as Director.
• Mr Pramod Kumar S to be reappointed as Whole Time Director.

Financial snapshot

• Total income: 19,772.26 Lakhs; down from 23,096.14 in 2025.
• Total expenditure: 19,710.01 Lakhs; lower vs prior year.
• Profit before tax: 52.05 Lakhs; tax 12.34 Lakhs.
• Profit after tax: 39.71 Lakhs; comprehensive income 41.96 Lakhs.
• Earnings per share: 1.32; dividend not declared.

Capital structure & liquidity

• Paid-up equity share capital: 300.29 Lakhs.
• Total equity including reserves: 1,631.88 Lakhs.
• Total borrowings: 4,075.91 Lakhs (current 4,053.76; non-current 22.15).
• Current assets: 8,143.69 Lakhs; current liabilities: 7,991.94 Lakhs.
• No equity issues or stock options during the year.

Cash flows

• Net cash from operations: negative 465.15 Lakhs.
• Investing activities: inflows 7.43; capex outflow 28.15 Lakhs.
• Financing activities: loan receipts approx 1,557.03 Lakhs; repayments 710.93 Lakhs.
• Net cash from all activities: negative 15.05 Lakhs.
• Opening cash: 45.92 Lakhs; closing cash: 30.87 Lakhs.

Governance & board

• Mr. B. Shantilal resigned as MD on 27 May 2026.
• Mr. Pramod Kumar S appointed CEO & Whole-time Director from 1 Nov 2026.
• Ms. Manvi Jain reappointed; four board meetings held in 2025-26.
• Independent directors provided declarations; performance evaluated.
• Secretarial audit reported compliance; no material governance breaches.

Audit & internal controls

• Independent Auditor's Report: qualified opinion due to non-provision for Maiyas bad debt.
• Emphasis on long-outstanding receivables aging; no provision made (Note 7).
• Internal financial controls: material weakness in external balance confirmations (Annexure B).
• Secretarial audit: compliance with applicable laws; Annexure III.

Related party & remuneration

• Material related-party contracts with ADM Enterprises and BRFM India; rent, sales, and charges.
• KMP unsecured loans outstanding: ~499.45 Lakhs at year-end; notable balances with directors.
• Remuneration to directors/KMP: total around 56.78 Lakhs; CEO salary 27.00 Lakhs; MD 12.00 Lakhs.

Risks, contingencies & outlook

• Contingent liabilities include excise-related matters; 195.51 Lakhs resolved in 2026 in company's favor.
• Labour Codes impact: gratuity and leave liability increase of 10.20 Lakhs recognized as exceptional item.
• Outlook: capacity expansion, consumer-pack growth, and joint venture on Whitefield property.
• Resumption of General Mills India business in June 2026; ongoing risk from raw material costs.

Operations & performance drivers

• Volume growth aided Maida and bakery products; focus on retail, institutional segments.
• Revenue mix includes Maida, Sooji, Atta; robust production capacity expansion underway.
• Resilience amid volatility in raw materials and receivables; emphasis on prudent risk management.

AGM convening details

• AGM for year ended 31 March 2026 to be held on 23 September 2026.
• Time is 11:00 AM IST and meeting will be conducted via Video Conferencing.
• Notice and Annual Report details to be communicated in due course.

Financials

• Revenue from operations: 4,001.88 Lakhs; Total Income: 4,065.52 Lakhs.
• Total Expenses: 4,046.47 Lakhs; Profit before tax: 19.05 Lakhs.
• Tax: Current 2.03, Deferred 7.00; Total tax: 9.03 Lakhs; PAT: 10.02 Lakhs.
• Total Comprehensive income: 12.49 Lakhs; EPS: 0.33 (Basic & Diluted).

Audit & Board

• Board approved unaudited standalone results for quarter ended 30 June 2026.
• Results subject to Limited Review by statutory auditors with an unmodified report.

Meeting Details

• Date: 13 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited financial results for Q1 ended 30 June 2026.

Other Notes

• No trading window closure period disclosed; no other material notes.