Foods & Inns Ltd

Record date and book closure

• Record date for AGM and dividend: Friday, 18 September 2026.
• Book closure from 21 September 2026 to 28 September 2026 (inclusive).
• Security: Equity shares of Re. 1/-.
• Purpose: AGM and dividend distribution.

Meeting Details

• Conference call held on August 13, 2026; virtual; hosted by Arihant Capital Markets Limited.
• Transcript of the conference call enclosed.

Participants

• Management: Managing Director; Chief Executive Officer.

Purpose

• Discuss Q1 FY27 unaudited results for quarter ended June 30, 2026.
• Provide updates on mango production, frozen foods, and expansion plans.
• Explain export delays due to vessel non-availability and higher ocean freight.
• Discuss domestic demand outlook and potential 20% volume growth guidance.

Additional Notes

• CFO Anand Krishnan resigned; replacement appointment in progress.

Conference call recording

• Recording of the 13 Aug 2026 Q1 FY2027 earnings call is available on the company website.

Quarter performance

• Total income Rs 160 Cr, down 33% YoY.
• Revenue from operations Rs 157 Cr; EBITDA Rs 23 Cr; PAT Rs 4 Cr.
• Gross margin 55.1%, EBITDA margin 14.3%, PAT margin 2.4%.

Operational drivers

• Mango pulp prices down; current-year realization lower; Tomato canned orders delayed due to poor raw materials.
• Spray drying volumes up 22% in Q1FY27.
• Frozen Food volumes up 10%, value up 19.5%, US demand rising.
• Kusum Spices grew 14.7% YoY.

Strategic initiatives & sustainability

• Pectin project: Chittoor facility enabling waste valorization; approvals from large clients.
• Sustainable farming expansion from Konkan to Chittoor under Farm Innovation Fund.
• Energy efficiency: Solar capacity at Vankal 1263 kWp, Gonde 1850 kWp.

CFO resignation details

• The resigning CFO is Anand Krishnan.
• Effective resignation date is August 11, 2026 (close of business).
• Reason: personal and professional reasons for resignation.
• There are no other material reasons stated.
• Board acceptance or record: not explicitly stated.
• Interim or replacement CFO: transition underway; no appointment disclosed.

Subsidiary incorporation

• Board approves establishment of F-HAD Private Limited on Aug 11, 2026.
• Authorized capital Rs 10,00,000; paid-up capital Rs 1,00,000.
• Subsidiary will be a related party on incorporation.
• Proposed 51% stake; cash consideration for subscription.
• Business to branding and marketing of fruits and vegetables; aligns with core business.
• Not outside Foods & Inns' main line of business.
• Incorporation subject to MCA and regulatory approvals; completion upon approvals.
• Timeline: update upon incorporation; approvals may be required.

Book closure details

• Book closure: Sept 21, 2026 to Sept 28, 2026 (inclusive).
• Purpose: AGM and dividend distribution.
• Record date for voting and dividend entitlement: Sept 21, 2026.
• AGM date: Sept 28, 2026 at 4:00 PM.
• Security: Equity shares of Re 1 each.

Financial results and AGM actions

• Approved unaudited standalone and consolidated results for quarter ended June 30, 2026.
• Integrated filing for quarter ended June 30, 2026 enclosed as Annexure-B.
• Approved 54th AGM on September 28, 2026 at 4:00 PM via VC/OAVM.
• Cut-off date for remote e-voting set as September 21, 2026.

Governance & regulatory notes

• Results reviewed by Audit Committee and approved by the Board.
• Single operating segment under Ind AS 108 disclosed in the financials.