Aditya Vision Ltd

Instruments & Ratings

• Long Term Bank Facilities ₹315 crore: CARE A+, Stable.
• Long Term / Short Term Bank Facilities ₹75 crore: CARE A+, Stable; CARE A1.
• Short Term Bank Facilities ₹110 crore: CARE A1.
• Total facilities rated ₹500 crore.

Agency & Date

• Agency: CARE Ratings Limited.
• Rating letter dated 13 August 2026.

Key dates and actions

• Record date for dividend entitlement, if declared at the 27th AGM.
• Cut-off date for e-voting eligibility: Aug 26, 2026.
• Remote e-voting period: Aug 30, 2026 9:00 AM to Sep 1, 2026 5:00 PM.
• AGM date: Sep 2, 2026 via Video Conferencing.
• No explicit dividend payment date provided.

AGM details

• Date: 2 September 2026; time 4:30 PM; via VC/OAVM.
• Venue deemed at the Registered Office, Patna.
• Record date for dividend and voting: 26 August 2026.
• Remote e-voting window: 30 August 2026 09:00 to 1 September 2026 17:00.
• Dividend payment, if approved, to be made within 30 days of declaration.

Resolutions – ordinary

• Item 1: Adopt Audited Financial Statements for FY2025-26.
• Item 2: Declare Final Dividend of 125% (₹1.25 per share).
• Item 3: Re-appoint Mrs. Rashi Vardhan as Director, retiring by rotation.

Resolutions – ordinary (cont.)

• Item 4: Appoint M S K A & Associates LLP as Statutory Auditors for five years.
• Item 5: Re-appoint Nishant Prabhakar as Whole-time Director for five years; remuneration up to ₹15 lakh per month.
• Item 6: Approve remuneration of Mrs. Sunita Sinha up to ₹15 lakh per month; special resolution.

Dividend

• Final dividend proposed: 125% per share (₹1.25).

Director changes

• Rashi Vardhan appointed Additional Non-Executive Director on 14-Jun-2025; eligible for rotation and re-appointment.

Auditors

• Current Statutory Auditor: Nirmal & Associates; proposed replacement: M S K A & Associates LLP for five years.
• Remuneration for FY2027: ₹49.00 lakh; further years per Audit Committee guidance.

Related party transactions

• FY2025-26 had no material related party transactions.

Other material approvals

• ESOP Plan 2021 continues; 475,000 options exercised in Nov 2025.

Meeting Details

• Date: July 31, 2026
• Time: Not disclosed
• Type: group conference call; Mode: virtual
• Organizer: Axis Capital; Moderator: Devanshi Kamdar
• Recording: Conference call was recorded
• Transcript and presentation available on the company's website

Participants

• Key company participants: Chairman and Managing Director; Whole-time Director

Purpose

• To discuss Q1 FY27 unaudited results for the quarter ended June 30, 2026

Additional Notes

• Results presentation uploaded to stock exchanges

Business Overview

• Aditya Vision is a consumer electronics retailer focused on the Hindi Heartland with 210 stores.
• It relies on 85% direct OEM supply, cash-and-carry model, and no private labels.
• Expansion targets MP and select West Bengal peripheral markets in FY27.
• Low debt and strong cash reserves support rapid store rollout.

Key Operational Highlights

• Q1 FY27 revenue rose 26.8% YoY to Rs 1,193 crore.
• EBITDA rose 38.7% YoY to Rs 124 crore; EBITDA margin 10.4%.
• PAT grew 40% YoY to Rs 77 crore; PAT margin 6.5%.
• SSSG rebounded to 18% in Q1FY27; inventory down Rs 177 crore.
• Store footprint expanded to 210 stores across Bihar, UP, Jharkhand.
• Chhattisgarh entry with MP and West Bengal expansion planned in FY27.
• Store economics indicate 6-12 month break-even and 13-15% gross margins.

Financial Performance

• Revenue from operations: Rs 1,193 crore in Q1FY27.
• Gross margin improved to 16.1% from 15.3% YoY.
• EBITDA margin at 10.4%, up 89 bps YoY.
• Profit before tax Rs 103 crore; net profit Rs 77 crore.
• PAT margin 6.5% vs 5.9% YoY.
• Diluted EPS Rs 5.97, up from Rs 4.27.

Capital Structure & Liquidity

• Low debt balance sheet and high cash reserves.
• Inventory management improved working capital; inventory down Rs 177 crore.

Strategic Priorities & Outlook

• Plan to double stores in three years; MP and West Bengal expansion.
• Focus on Hindi Heartland; diversify regional mix.
• Growth runway supported by premiumization and strong OEM relationships.

Risks & Mitigation

• Demand environment remained challenging in East; UP sales remained resilient.
• Mitigation focus on expanding footprint in high-growth Hindi-heartland regions.

Governance & Leadership

• Board comprises promoter MD and multiple independent directors.

Meeting Details

• Date and time: Friday, July 31, 2026 at 04:30 PM IST
• Type and mode: group conference call for analysts and investors (virtual)
• Event/organiser: Aditya Vision hosted with Axis Capital
• Key participants: Chairman & MD; Whole Time Director
• Purpose: discuss Q1FY27 results and enable investor Q&A
• Alternate times across zones: HK/SG 7:00 PM; UK 12:00 Noon; USA NY 7:00 AM
• Call leader: Deepak Agarwal, Axis Capital

Meeting Details

• Board meeting on July 31, 2026 to consider standalone unaudited results for quarter ended June 30, 2026.

Key Agenda Items

• Consider and approve standalone unaudited financial results for quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026 until 48 hours after results are made public.

Dematerialisation status

• Dematerialisation requests received during the quarter were processed and confirmed to depositories.
• Securities dematerialised have been listed on the exchanges where the securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification.
• Depository name substituted as registered owner in the register of members within the prescribed timeline.