Ovobel Foods Ltd

Publication details

• Unaudited Q1 2026 results were published as a newspaper advertisement.
• Publications appeared in Financial Express (English) and Hosadigantha (Kannada).
• Date of publication: 12 August 2026; results declared 10 August 2026.
• Subject to SEBI Listing Regulations Regulation 47.
• Signed by Managing Director Mysore Satish Sharad.
• No financial figures disclosed in the newspaper publication.

Publication of SEBI-compliant notices

• Newspaper notices published under SEBI circular SEBI/HO/38/13/11(2) 2026; Financial Express and Hosadigantha on 08 Aug 2026.
• Copy of the newspaper notices attached for records.

Appointment of Independent Director

• Appointment of Mr. Mysore Narayana Sreedhara as Additional Director (Non-Executive, Independent) effective 10 August 2026.
• Tenure: five consecutive years, subject to shareholders' approval.
• Reason: recommendation of the Nomination and Remuneration Committee.
• Profile: extensive taxation and financial laws experience; CA Inter (1988) and practice since 1989.
• No relationship with other directors.
• Not debarred from holding office by SEBI or any other authority.

Financial highlights

• Revenue from operations ₹7,996.59 lakh; QoQ up from ₹6,650.33.
• Total income ₹8,365.69 lakh; QoQ up from ₹7,251.86.
• Profit before tax ₹2,054.19 lakh; QoQ up from ₹1,928.03.
• Profit for the period ₹1,540.32 lakh; QoQ up from ₹1,418.59.
• EPS ₹16.21 (basic/diluted).
• Paid-up equity ₹950.08 lakh.
• Total comprehensive income ₹1,554.67 lakh.

Cost and margins

• Cost of material consumed ₹5,553.95 lakh; inventories fell ₹387.49 lakh.
• Employee benefit expense ₹328.12 lakh; finance cost ₹31.12 lakh.
• Depreciation ₹109.59 lakh; other expenses ₹676.21 lakh.
• Total expenses ₹6,311.50 lakh; gross margin ≈30.5%.
• Tax expense ₹513.87 lakh; current tax ₹535.19 lakh.

Tax and notes

• Deferred tax credit ₹(21.32) lakh.
• Single-segment food business; receivables realisable within 180 days.
• Unaudited results reviewed by Audit Committee; limited review by ASA & Associates.

Financial results approved

• Unaudited Q1 FY2026 results approved; quarter ended 30 June 2026; Limited Review Report attached.
• Revenue from operations for quarter ended 30 June 2026: ₹7,996.59 lakh.
• Profit before tax for the quarter: ₹2,054.19 lakh.
• Profit for the quarter: ₹1,540.32 lakh.
• Total comprehensive income: ₹1,554.67 lakh; EPS: ₹16.21.
• Paid-up equity share capital: ₹950.08 lakh.

Board appointment

• Appointed Independent Additional Director Mr. Mysore Narayana Sreedhara, effective 10 Aug 2026.
• Tenure: five years; not liable to rotation.

Regulatory update

• Labour code updates: four codes effective 21 Nov 2025; impact recognised in March 2026.

Rating Action

• Long-term rating downgraded to BB/Stable; short-term rating unchanged at A4+; Issuer not cooperating.

Instruments & Ratings

• Bank loan facilities: ₹29.90 crore; CRISIL BB/Stable; CRISIL A4+ (Issuer not cooperating).
• Proposed Working Capital facility: ₹1.25 crore; CRISIL A4+ (Issuer Not Cooperating).
• Term Loan: ₹3.65 crore; CRISIL BB/Stable (Issuer Not Cooperating).

Rating Agency

• CRISIL Ratings Limited is the rating agency for Ovobel Foods.

Rationale

• Issuer non-cooperative; ratings based on best-available information and information adequacy risk.
• Outlook is Stable; long-term rating downgraded from BB+ to BB due to information gaps.
• Suffix 'Issuer not cooperating' applied; forward-looking component absent.

Material Changes

• Long-term rating downgraded from BB+ to BB; Issuer not cooperating.

Outlook

• Outlook: Stable for the long-term rating.

Financial Highlights

• Q4FY2026 revenue ₹65.02 crore; PAT ₹14.19 crore; OPM 20.66%; NPM 21.82%.
• FY2025 revenue ₹191.75 crore; PAT ₹9.06 crore; OPM 6.93%; NPM 4.72%.