Godrej Agrovet Ltd

ESGS Allotment & Option Lapse

• Approval for allotment of 51,423 ESGS 2018 equity shares to eligible employees.
• Proceeds on exercise amount to Rs 5,14,230.
• Post-allotment paid-up capital rises to 19,24,11,390 shares.
• Allotted shares rank pari passu with existing shares.
• Lapse noted of 10,329 ESGS 2018 stock options.
• Allotment date: August 21, 2026.

Financial Performance

• Consolidated sales ₹2,852 crore; YoY growth 10%.
• Oil Palm revenue up 28.9%; segment result up 14.4%.
• Animal Nutrition revenue growth 12.6%; cattle feed volumes up 15%.
• Astec LifeSciences EBITDA breakeven; Q1 FY26 had ₹11 crore loss.
• Dairy revenue growth 11.4%; value-added mix rose to 49%.
• Bangladesh JV ACI delivered double-digit growth in volumes, revenue and PBT.

Segment Trends

• Crop Care revenue declined 16.2% due to delayed monsoon.
• Ashitaka and Ghassnash; Takai scaled; 18–20% of Q1 sales.
• Yummiez volumes up 22%.
• Oil Palm FFB volumes flat; full-year growth expected high single-digit to double-digit.
• Integrated palm complex launched; downstream refinery on track.
• Bangladesh JV growth continues.

Oil Palm Outlook and Downstream

• Long-term FFB volume growth target: high single-digit to early double-digit.
• Integrated palm complex launched; seed garden planned; refinery coming.
• Specialty fats refinery to start in end of 2H.
• Downstream expansion to add about 200 bps EBITDA when scaled.
• Capex guidance ₹300–₹350 crore; IRR target 16–18%.
• LRP progress: area expansion to 150,000 hectares; Telangana and Northeast.

Dairy, Foods and Crop Care Strategy

• Godrej Foods shifting to majority B2C; live-bird trading reduced to back-end.
• Yummiez volumes up 22%; branded foods growth robust.
• Milk procurement prices elevated; packaging costs; pass-through ~70%.
• CDPL transformation via Altium; focus on value-added margins.
• Ashitaka, Takai, Ghassnash launches; 18–20% of Q1 sales.
• Dairy route-to-market transformation begins; 18–20 month timeline.

Capex and Guidance

• Oil Palm capex guidance around ₹300–₹350 crore; IRR target 16–18%.
• Seed garden within 18–24 months; refinery ramp in 2H.
• Specialty fats refinery ramp starts in 2H; downstream EBITDA uplift potential.
• LRP expansion to 150,000 ha; push into Telangana and Northeast.

Balance Sheet and Cash Flow

• Average net working capital improved year-on-year.
• Disciplined capital allocation maintained; cash generation strengthening.

Meeting Details

• Date and time: Aug 6, 2026 at 3:30 p.m. IST; virtual conference call.

Organiser and Format

• Organiser: Godrej Agrovet Limited; virtual audio conference call.

Purpose

• Purpose: audio recording of conference call with investors and analysts.

Key Participants

• Role: Head - Legal & Company Secretary & Compliance Officer.

Availability

• Audio recording available on the company's website.

AGM details

• AGM held Aug 5, 2026 at 4:00 PM IST via VC/OAVM; ends 5:26 PM; record date 29-07-2026.

Key resolutions

• Adoption of Audited Financial Statements for year ended 31 Mar 2026.
• Declaration of Final Dividend on equity shares for year ended 31 Mar 2026.
• Re-appointment of Nisaba Godrej as Director, liable to retire by rotation.
• Re-appointment of Pirojsha Godrej as Director, liable to retire by rotation.
• Ratification of remuneration for Cost Auditors for FY ending 31 Mar 2027.
• Approval of remuneration for Chairman & Executive Director, with effect from Aug 14, 2026.

Voting results

• Adoption of financial statements — passed with near-unanimous support.
• Final dividend — passed.
• Nisaba Godrej re-appointment — passed.
• Pirojsha Godrej re-appointment — passed.
• Cost auditors remuneration ratification — passed.
• Chairman & Executive Director remuneration — passed.

Dividend

• Final dividend approved on equity shares; per-share amount not disclosed.

Director changes

• Nisaba Godrej reappointed as Director.
• Pirojsha Godrej reappointed as Director.

Auditor appointments

• Remuneration for Cost Auditors ratified for FY ending 31 Mar 2027.

Meeting Details

• Date and time: 6 August 2026, 3:30 p.m. IST.
• Type and mode: Group conference call (virtual) with investors and analysts.
• Event/organiser: Hosted by Anand Rathi Research.

Participants

• Chief Executive Officer and Managing Director.
• Chief Financial Officer.
• Executive Director and Chief Operating Officer.
• Chairman.
• Chairman Designate.

Purpose

• Earnings results discussion for Q1 FY27.

Dividend proposal and key dates

• Board recommends final dividend of 110% (Rs 11 per share) for FY2025-26, subject to AGM approval.
• Record date for entitlement is July 29, 2026.
• Share transfer books closed July 30 to August 4, 2026.
• Dividend payment subject to TDS under Income Tax Act 2025; rates depend on resident/non-resident status and PAN/DTAA declarations.
• Forms 121/41 submission by August 3, 2026, 11:59 PM (IST) through KFintech for reduced or zero TDS.
• Payment will be by electronic credit only; no DD/cheque payments.
• TDS certificates and Form 26AS will be updated post-dividend payment.
• Company website provides dividend schedule and investor communications.
• Physical holders should update email/address with KFintech; demat holders via DP.
• Company to credit TDS certificates by email or website post payment.

Overview

• Inaugurated India's first Integrated Oil Palm Complex at Khammam, Telangana.

Investment & capacity

• Cumulative investment of INR 300 crore upon full operation.
• Mill currently operates at 30 tonnes/hour, expandable to 60 tph.

Scope

• Seed-to-refinery complex includes seed garden and R&D center.

Plantation expansion

• Aims to support expansion to 30,000 ha by 2030.

Strategic context

• Part of Telangana's edible oil security and farmer upliftment initiative.

Meeting Details

• Date of meeting: August 5, 2026

Key Agenda Items

• Approve standalone and consolidated unaudited financial results for quarter ended June 30, 2026, after Audit Committee review.

Other Notes

• No other material notes disclosed in the filing.

Dematerialisation status

• Dematerialisation requests, if any, were confirmed to the depositories by the RTA.
• Securities dematerialised have been listed on the stock exchanges where the earlier issued securities are listed.
• Physical certificates for dematerialisation were mutilated/cancelled after verification, with depository name substituted as owner within 30 days.