Oceanic Foods Ltd

Corporate action

• Board approved incorporation of wholly-owned subsidiaries in Jamnagar, Gujarat to operate retail food items.
• Date of board approval: 13 August 2026.
• Further Regulation 30 disclosures will be provided in due course.

Financial results approved

• Standalone unaudited Q1 2026 results for quarter ended 30 June 2026 approved by Board with limited review
• Consolidated unaudited Q1 2026 results approved; includes Oceanic Food Ingredients Limited subsidiary
• Audit Committee recommended results; limited review by statutory auditors with unmodified conclusion
• Board meeting held on 10 August 2026
• Independent Auditor's Review: no material misstatement observed; scope limited to review
• Subsidiary Oceanic Food Ingredients Limited has nil assets as of 30 June 2026

Independent Director Re-appointment

• Board approved re-appointment of Independent Director Abhishek Niraj Nagrecha for a second five-year term, subject to member approval.
• First term expired on 07 August 2026.
• Approval to be sought from members via Special Resolution at AGM by 30 September 2026.
• Re-appointment is conditional on member approval.
• Board approved at meeting held on 07 August 2026.
• Annexure A confirms no related-party relationships and no debarment.

Dematerialisation status

• Dematerialisation requests processed and confirmed to depositories; securities listed on stock exchanges.
• Physical certificates received for dematerialisation mutilated and cancelled after verification; depository registered owner name updated within timelines.

Financial Performance 📊

• Standalone Q3 FY26 revenue from operations was ₹4,196.26 lakh, down 6.5% QoQ, up 17.3% YoY.
• Nine-month standalone revenue rose 24.4% YoY to ₹12,810.33 lakh.
• Standalone Q3 FY26 EBITDA was ₹222.56 lakh, up 2.9% QoQ and 43.5% YoY; PBT ₹226.56 lakh.
• Nine-month standalone PBT increased 51.7% YoY to ₹655.11 lakh.
• Standalone Q3 FY26 PAT was ₹167.79 lakh, up 1.9% QoQ and 37.9% YoY; nine-month PAT rose 41.6% YoY to ₹487.14 lakh.
• Standalone EPS for Q3 FY26 stood at ₹1.49; nine-month EPS at ₹4.33 (basic and diluted).

Cost and Expenses 📊

• Cost of materials consumed in Q3 FY26 was ₹2,058.62 lakh, down 38.2% QoQ, up 8.3% YoY.
• Inventory changes added ₹1,071.96 lakh in Q3 FY26 versus negative ₹26.03 lakh QoQ.
• Employee expenses increased to ₹140.14 lakh in Q3 FY26 from ₹126.59 lakh QoQ.
• Finance costs rose to ₹98.30 lakh in Q3 FY26 from ₹82.34 lakh QoQ.
• Other expenses decreased to ₹559.27 lakh in Q3 FY26 from ₹707.38 lakh QoQ.
• Company recognized ₹4.96 lakh additional employee benefit expense due to new Indian Labour Codes.

Consolidated Results 📊

• Consolidated Q3 FY26 revenue matched standalone at ₹4,196.26 lakh; nine-month consolidated revenue ₹12,810.33 lakh.
• Consolidated Q3 FY26 PAT was ₹167.79 lakh; nine-month PAT ₹487.14 lakh, consistent with standalone.
• Consolidated EPS for Q3 FY26 was ₹1.49; nine-month EPS ₹4.33.
• Consolidated results include 51% subsidiary Oceanic Food Ingredients Limited, incorporated 01/09/2025.

Audit and Compliance 🧾

• Auditor issued unmodified limited review reports on standalone and consolidated Q3 FY26 results.
• Exceptional items were nil in Q3 FY26.

Business Model & Segments

• Oceanic Foods Limited produces and sells dehydrated vegetables and herbs in a single business segment.

Financial Performance

• Board approved unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025.
• Standalone and consolidated total income: ₹4,200.26 lakhs (Q3), ₹12,816.24 lakhs (9 months).
• Standalone and consolidated profit before tax: ₹226.56 lakhs (Q3), ₹655.11 lakhs (9 months).
• Standalone and consolidated net profit: ₹167.79 lakhs (Q3), ₹487.14 lakhs (9 months).
• Earnings per share (basic & diluted) standalone and consolidated: ₹1.49 (Q3), ₹4.33 (9 months).

Financial Disclosures

• Other income includes interest, lease rent, and profit on asset sales.
• Employee benefit expense of ₹4.96 lakhs recognized due to new Labour Codes, with corresponding deferred tax asset.

Corporate Governance and Compliance

• Statutory auditors issued limited review reports with unmodified conclusions on standalone and consolidated results.
• Subsidiary Oceanic Food Ingredients Limited (51% holding) included in consolidated results; no prior comparative figures available.
• Auditor’s review found no material misstatements or disclosure deficiencies.

🗓️ Meeting Details

• Board meeting scheduled for 4 February 2026.

📊 Financial Results

• Approval of standalone and consolidated unaudited financial results for quarter ended 31 December 2025.