Essex Marine Ltd

Essex Marine Ltd trading window closed from October 1, 2026 until the completion of 48 hours after the declaration of Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026.

AGM details

• AGM held on 02-09-2026 at 12:00 PM via VC/OAVM; record date 26-08-2026.

Resolutions and outcomes

• Resolution 1 passed; adopt audited financial statements for year ended 31 March 2026.
• Resolution 2 passed; reappoint Debashish Sen as Managing Director.

AGM details

• Date and time: 2 Sep 2026, 12:00 IST.
• Mode: VC/OAVM.
• Quorum: 11 members present via VC/OAVM.
• Record date for voting: Aug 26, 2026.
• E-voting window: Aug 30–Sep 1, 2026.
• Scrutinizer: Md. Shahnawaz; NSDL engaged for e-voting.

Resolutions proposed

• Ordinary: Adopt audited financial statements for year ended Mar 31, 2026 and reports.
• Ordinary: Re-appoint Debashish Sen by rotation (MD).

Voting results

• Voting results pending; will be declared after Scrutinizer's report.

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.