Essex Marine Ltd

Financial performance

• Revenue from operations ₹6,069.26 lakh; total income ₹6,470.90 lakh.
• PBT ₹865.88 lakh; PAT ₹637.34 lakh; EPS ₹4.63.
• PAT margin 10.50%; EBITDA margin 14.27%.
• Revenue grew 63.04% YoY; PAT grew 59.23% YoY.

Operations & segments

• Two reportable segments: Processing of Frozen Fish/Shrimps; Cold storage income.
• Domestic ₹1,202.20 lakh; exports ₹4,867.05 lakh; total ₹6,069.26 lakh.
• Segment profit: Processing ₹1,404.23 lakh; Cold storage ₹320.05 lakh; total ₹1,724.28 lakh.

Capital structure & IPO

• IPO raised ₹2,301.48 lakh via 42.62 lakh shares at ₹54 each.
• Listed on BSE SME on 11-Aug-2025; 100% dematerialised.
• Authorized share capital ₹1,700 lakh; paid-up capital ₹1,526.20 lakh.

Shareholding & dividends

• Dividend not recommended for FY2026.
• Promoters hold 72.07%; Debashish Sen 66.21%; Kajari Sen 5.87%; Public 27.59%.
• ISIN INE1IBY01019; all shares dematerialised.

Governance & management

• Board of four directors: MD Debashish Sen; NED Kajari Sen; Independents Abhijit Chakraborty and Niladri Saha.
• Audit Committee; Nomination & Remuneration Committee; Stakeholders Relationship Committee.
• Board meetings held: 10 in FY2026; ID meeting on 19-03-2026.

Debt & liquidity

• Borrowings: long-term ₹1,095.54 lakh; short-term ₹788.29 lakh.
• Cash & bank balances ₹455.55 lakh; current ratio 3.63; debt-equity 0.55.
• Key lenders include Axis Bank and West Bengal Financial Corporation; collateral includes fixed deposits and guarantees.

Related party transactions

• Related party transactions are arm's length; details in Annexure 1.
• Balances at year-end include MD remuneration payable ₹2.00 lakh and other related-party items.

Audit & internal controls

• Independent Auditor: Baid Agarwal Singhi & Co; Secretarial Auditor: M Shahnawaz & Associates.
• Internal audit: Meghna & Co; internal controls adequate and operating effectively.

CSR & compliance

• CSR is exempt under Companies Act Section 135; no CSR disclosures.
• Company complies with applicable governance provisions; reporting aligned with MCA/SEBI norms.

Contingent liabilities & commitments

• Contingent liabilities: TDS demand ₹0.09 lakh; civil suit ₹36.00 lakh.
• Capital commitments: ₹28.66 lakh outstanding.

AGM Details

• 17th AGM on Sept 2, 2026 at 12:00 IST via VC/OAVM.
• Books/Registers closed Aug 27, 2026 to Sep 2, 2026.
• E-voting cut-off date for voting: Aug 26, 2026.
• Method: VC/OAVM; attendance limited to 1000 members.
• Proxy facility not available.

Key Resolutions

• Adopt audited financial statements and reports.
• Re-appoint Debashish Sen as Managing Director; retiring by rotation.

Dividend

• No dividend proposed or paid; past dividend history indicates none.

Director Changes

• Director undergoing re-appointment: Debashish Sen as MD.

Dematerialisation status

• No dematerialisation/rematerialisation requests were received during the quarter ended 30 June 2026.
• No physical share certificates were received for dematerialisation from the depository participant.

Export milestone

• Export of 46 tons premium Frozen Headless Vannamei Shrimp to Japan completed, valued at ₹3.85 crore.
• Export reinforces Essex Marine's presence in premium international markets and compliance with high quality standards.
• Growing demand for premium Indian seafood supports ongoing export footprint expansion.

Expansion

• Completed expansion of peeling capacity at the Shankarpur processing unit.
• Added a ready-to-cook section by installing blanching at the existing Shankarpur unit.

Governance

• Press release signed by Managing Director Debashish Sen.