Octavius Plantations Ltd

Rescheduled board meeting and agenda

• Board meeting postponed and rescheduled to 31 August 2026 at 3:00 PM.
• Original date was 21 August 2026 at 3:00 PM.
• Reason: unavoidable circumstances.
• To fix period of e-voting and its time.
• To fix cut-off/record date for e-voting facility.
• To fix date, time and place of the 42nd AGM.
• To approve Notice of the 42nd AGM.
• To finalize and approve Annual Report for FY 2025-2026.

Meeting Details

• Date: 21 August 2026; Time: 3:00 PM; Location: not disclosed.

Key Agenda Items

• Fix date, time and place of the 42nd AGM.
• Appoint independent scrutinizer for e-voting at the 42nd AGM.
• Approve and discuss Secretarial Audit Report for FY 2025-26.
• Fix date of closure of Registers and Share Transfer Books.
• Fix cut-off/record date for providing e-voting facility.
• Fix period of e-voting and its time.
• Approve Notice of the 42nd AGM.
• Approve Directors Report with annexures.
• Re-appoint Jain and Ravindran as Directors, subject to shareholder approval.

Other Notes

Key results & disclosures

• Board approved unaudited standalone results for quarter ended 30 June 2026; board meeting on 12 Aug 2026.
• Results reviewed by Audit Committee; Limited Review Report attached.
• Emphasis of Matter: bearer plants and biological assets not accounted per Ind AS; gratuity provision recognized quarterly.
• Segment reporting not applicable as company is engaged in trading agricultural produce and processing.
• Revenue from operations for quarter ended 30 June 2026: 557 lakhs.
• Limited Review: conclusion not modified.

Financial highlights

• Revenue from operations: Rs 6,417.50 lakhs; total revenue Rs 6,464.04 lakhs; YoY growth ~127%.
• Profit after tax: Rs 82.42 lakhs; total comprehensive income Rs 82.55 lakhs.
• Earnings per share: Basic and diluted Rs 2.75.

Audit qualifications and controls

• Qualified opinion on FY2026 results due to Capital Work-in-Progress ageing schedule not presented.
• Gratuity/defined benefit obligations not actuarially valued; Rs 0.14 lakh provision.
• Bearer plants and biological assets not accounted per Ind AS 16/41.
• Dividend not declared during the year.
• Internal financial controls adequate, operating effectively per Annexure B.
• Single segment: trading and processing of agricultural produce.
• Standalone financial statements.

Balance sheet snapshot

• Total assets: Rs 4,471.19 lakhs.
• Total equity: Rs 1,986.40 lakhs.
• Net debt: Rs 2,034.53 lakhs.
• Debt-to-equity ratio: 1.02x.

Audit qualifications

• Qualified opinion due to missing CWIP ageing disclosures per Schedule III.
• Gratuity not actuarially valued; Rs 0.14 lakh provision; Labour Codes impact not assessed.
• Bearer plants and biological assets not accounted under Ind AS 16/41.
• Significant tax litigations noted as a key audit matter.

Financial performance

• Revenue from operations Rs 6,417.50 lakhs; total revenue Rs 6,464.04.
• Net profit after tax Rs 82.42 lakhs; Basic EPS Rs 2.75.
• PAT declined YoY from Rs 87.01 lakhs to Rs 82.42 lakhs.

Balance sheet & leverage

• Total assets Rs 4,471.19 lakhs; equity Rs 1,984.95 lakhs.
• Borrowings Rs 2,034.53 lakhs; debt/equity ratio 1.02x.
• Cash balance Rs 15.24 lakhs.

Capital expenditure & CWIP

• Capital Work-in-Progress Rs 189.96 lakhs; ageing schedule not presented.

Cash flows

• CFO Rs 102.89 lakhs; CFI Rs -101.66 lakhs; CFF Rs 583.53 lakhs.
• Ending cash and cash equivalents Rs 15.24 lakhs.

Business model & segments

• Operations: trading of agricultural produce and processing; single operating segment.
• Operations mainly in India; listed on BSE.

Related party disclosures

• Remuneration to KMPs: Raj Kumar Jain 3.75; Nagaraj Rao 9.60; Suman Negi 8.63 lakhs.
• Sales to Nyasylee Tea Estate Pvt Ltd and Octavius Tea & Industries; related-party advances.

Contingent liabilities & commitments

• Significant tax litigations disclosed; capital commitments remaining to be executed.