Hindustan Foods Ltd

Hindustan Foods Limited: Trading Window closed from Thursday, October 1, 2026 till 48 hours after the declaration of Un-audited Consolidated and Standalone Financial Results for the Quarter and Half Year ended September 30, 2026

AGM details

• AGM held September 23, 2026 via VC/OAVM.
• Time of meeting was 11:30 IST.
• Record date for voting entitlements: September 16, 2026.
• Total shareholders on record date: 59,245.
• Remote e-voting: September 20–22, 2026; voting at AGM via VC/OAVM.
• Consolidated Scrutinizer's Report dated September 24, 2026.

Key resolutions and outcomes

• Item 1: Adoption of audited standalone and consolidated financial statements — Ordinary — passed.
• Item 2: Re-appointment of Shrinivas Dempo as director (retiring by rotation) — Ordinary — passed.
• Item 3: Ratification of remuneration payable to Cost Auditor — Ordinary — passed.
• Item 4: Increase in borrowing power up to 1,300 Crores — Special — passed.
• Item 5: Authorising board to create/modify charge to secure borrowings — Special — passed.

Director changes

• Re-appointment of Shri Shrinivas Dempo as Director.

Auditors and remuneration

• Remuneration payable to Cost Auditor ratified.

Director resignations

• Nikhil Vora resigns as Non-Executive, Non-Independent Director effective Sept 23, 2026 due to increased professional commitments.

Designation change

• Shashi Kalathil moves from Independent Director to Non-Executive, Non-Independent Director; upon completion of term, effective Sept 23, 2026.

Committee reconstitution

• Audit Committee reconstituted; Honey Vazirani (Chairperson), Neeraj Chandra (Member), Shashi Kalathil (Member) with immediate effect.
• Nomination and Remuneration Committee reconstituted; Neeraj Chandra (Chairperson), Honey Vazirani (Member), Shashi Kalathil (Member) with immediate effect.

agm details and attendance

• Date/time: 23 Sep 2026 at 11:30 a.m.; held via VC/OAVM.
• Mode: VC/OAVM; deemed venue at registered office, Kurla, Mumbai.
• Shareholders on cut-off date: 59,245.
• Corporate representations: 8 entities; 22.53% of equity.
• Total attendees: 60 (promoter 10, public 50) via VC/OAVM.

resolutions and outcomes

• Adoption of standalone financial statements (ordinary); outcome pending.
• Adoption of consolidated financial statements (ordinary); outcome pending.
• Re-appointment of Shrinivas Dempo by rotation; ordinary; outcome pending.
• Ratification of remuneration payable to the Cost Auditor; ordinary; outcome pending.
• Increase in borrowing power to Rs 1,300 crore; board empowered; special; outcome pending.
• Create/modify charge on assets to secure borrowings; special; outcome pending.

auditors

• Remuneration for Cost Auditor to be ratified; statutory auditor unchanged.

AGM Details

• AGM held Sept 23, 2026 at 11:30 a.m. via VC/OAVM; deemed venue registered office.

Financial Highlights

• FY26 revenue up 17% to Rs 4,265 crores.
• EBITDA up 20% to Rs 377 crores.
• PAT up 29% to Rs 149 crores.
• EPS rose to Rs 12.34 from Rs 9.85.
• Adjusted ROCE at 18.9% after asset normalisation.
• Internal ROCE threshold of 18% remains adhered to.
• Net debt-to-equity at 0.84x; cash Rs 90 crores.
• PAT guidance for FY2026-27: Rs 200–220 crores.

Projects and Capital Allocation

• Projects signed in FY25-26 total Rs 780 crores.
• Rs 550 crores already commercially utilised; balance expected FY2026-27.

Meeting Details

• September 8, 2026, 9:00 am onwards; 1x1/group meeting; Mumbai; organized by Nuvama Institutional.
• September 15, 2026, 9:00 am onwards; 1x1/group meeting; Mumbai; organized by Equities.

Participants

• Company officials and investor relations team to participate; specific roles not disclosed.

Purpose

• Non-Deal Roadshows to discuss publicly available information.

Meeting Details

• Date and time: September 7, 2026, 4:00 pm onwards.
• Type and mode: Group meeting, in-person at Mumbai.
• Organiser: Hindustan Foods Limited.
• Key company participants: Company officials (management) to participate.
• Purpose: Investor conference; discussions based on publicly available information.

AGM notice and annual report access

• 41st AGM scheduled for Sep 23, 2026 at 11:30 IST via VC/OAVM.
• Integrated Annual Report for FY 2025-26 available online at Hindustan Foods site.
• Weblink and exact path to Annual Report 2025-26 provided.
• Shareholders without registered emails will receive the web-link.
• Shareholders urged to update email with depositories to receive notices.
• RTA MUFG Intime India Private Limited available for queries.

Overview

• Standalone BR report for Hindustan Foods Limited for FY2025-26; contract manufacturing across FMCG.
• 19 plants and 2 offices in India; 21 total locations under reporting boundary.
• Domestic market across 12 states; international presence in 14 countries; exports ~2.79% of turnover.
• Product mix: 49% Food & Beverages; 43% Home & Personal Care; 8% Leather/Healthcare.
• CSR applicability under Companies Act; CSR turnover Rs 3,275.62 Cr; net worth Rs 1,087.93 Cr.

Key ESG Risks & Opportunities

• Risk: Business continuity due to portfolio concentration; mitigated by multi-site operations and diversified capacity.
• Risk: Regulatory changes; mitigated by ongoing compliance monitoring and updates to policies.
• Risk: Climate change; mitigated by bio briquettes, group captive renewables, and energy efficiency efforts.
• Opportunity: Operational excellence via equipment upgrades, safety enhancements, and process optimization.
• Opportunity: Governance and ethics framework with Code of Conduct, Whistle Blower, and ESG committees.
• Opportunity: Strengthening supplier governance as sourcing largely governed by principals; upcoming supply chain policies.
• Note: Life cycle assessments not conducted in the period.

Governance & Policy Highlights

• Board/MD oversight: Managing Director responsible for BR implementation; BR policies reviewed by MD/Heads.
• Committees: CSR Committee and Risk Management Committee in place for ESG oversight.
• Policies: Code of Conduct, Whistle Blower, anti-bribery, human rights, equal opportunity; policies extend to value chain.
• Assurance: No external assurance engaged in BRRS; no material fines or penalties in FY2025-26.
• Training: 4 Board programs; 4 KMP programs; 70 employee trainings; 40 worker trainings; 100% coverage.

Social Responsibility & Workforce

• Total workforce: 809 permanent; 5,320 workers; 712 male/97 female (permanent); 799 male/38 female (workers).
• Board female representation: 14.29%; Key management female: 0%.
• Turnover FY2025-26: permanent employees ~40% total; permanent workers ~35% total.
• Employee welfare: 0.03% of revenue spent on well-being; 100% coverage for PF/Gratuity/ESI.
• Accessibility: all premises accessible for differently abled; return-to-work rates 100% for permanent staff and workers.

Environmental Performance

• Total energy consumption: 283,146 GJ; scope split across renewable/non-renewable sources.
• Scope 1: 9,960.7 tCO2e; Scope 2: 28,314.8 tCO2e; intensity 0.117 tCO2e per INR lakh turnover.
• Water withdrawal: 644,347 kiloliters; consumption: 622,222 kiloliters; water intensity 1.58 kl per ₹ lakh turnover.
• Water discharge: 22,125 kl; 11 sites operate ZLD; Baddi discharges to CETP per guidelines.
• Waste: total 3,146 mt; recycled 1,927 mt; incineration 28 mt; landfill 66 mt; other disposal 1,125 mt.
• Certifications: ISO 9001/45001/14001; BRC GS; FSSC 22000; MHRA/US FDA; ISO 13485; ISO 22716; group captive renewables.

Stakeholder Engagement & Complaints

• Stakeholders: Employees, Customers, Suppliers, Investors, Communities; channels include meetings, emails, plant visits, surveys.
• Complaints (FY2025-26): Customers 12; Communities/Investors/Shareholders 0; Employees 0; Suppliers 0.
• Formal grievance links: Hindustan Foods corporate policies page; resolution communicated to complainant.
• POSH complaints: FY2025-26 zero; FY2024-25 zero; mechanisms in place for discrimination/harassment.
• Regular engagement informs policy updates and risk/ESG planning; feedback used to adjust BR policies.

Other Notable Metrics

• Related-party transactions: Purchases 0.60% of total; Sales 0.14%; Loans/advances 100%; Investments 99.78%.
• Concentration: purchases from top 10 trading houses at 100%; MSMEs direct inputs 0.01%; local district sourcing 48.7%.
• Sourcing: contract manufacturing model; principal customers govern inputs; pathway to future supply Chain policies.
• Local job dispersion: rural 58.44%; urban 41.56% of wages; data reflect RBI classifications.
• Data privacy/cyber: policy in place; no data breach incidents reported for FY2025-26.