Pakka Ltd

Transaction details

• Target Company: Pakka Limited.
• Disclosing Party: SBI Mutual Fund (not promoter group).
• Transaction Type: Disposal of shares via market sale.
• Pre-Transaction Holding: 29,71,881 shares (6.6118%).
• Disposed shares: 71,698 (0.1595% of paid-up capital).
• Mode: Market Sale (open market).
• Post-Transaction Holding: 29,00,183 shares (6.4523%).
• Date of transaction: 19-Aug-2026.
• Equity capital before/after: Rs. 449,481,000 (4,49,48,100 shares).
• Total diluted capital: Not disclosed (N.A.).

Meeting Details

• Date/time: 18 August 2026, 4:00–5:31 p.m. IST
• Type/mode: Virtual investor conference call
• Event/organiser: Investor Conference Call for Pakka Limited
• Purpose: Discuss Q1 FY2026 financial and operational performance
• Key participants: Company Secretary & Corporate Finance Head
• Availability: Recording available; transcript to exchanges and company website

Financial Highlights

• Q1 FY27 revenue: 119.60 Cr; up from 84.26 Cr in Q1 FY26.
• Q1 FY27 EBITDA: 17.85 Cr; vs 13.61 Cr in Q1 FY26.
• Q1 FY27 PBT: 8.77 Cr; vs 6.54 Cr in Q1 FY26.
• Food Services revenue: 18.45 Cr in Q1 FY27, +34% YoY.
• Food Services PBT: -1.62 Cr in Q1 FY27.
• Guidance: break-even year expected in FY27; growth trend to continue.

Operational & Growth Highlights

• Funding complete and Jagriti on track.
• Delivery ware: first facility ordered; customer success.
• Equipment work 85% complete; new power boiler and recovery boiler startup Sep 2026.
• Europe pilot trial and samples targeted Sep 2026.
• Australia market exploration for growth.
• PM4 readiness and Nov 2026 startup timeline.
• B2B expansion: 22 new cities, 34 accounts; 9 retail chains live.
• Scale B2C: retail base ~3x; live across Quick-Commerce, E-commerce, Modern Trade.

Risks & Mitigation

• Key challenges include PM4 startup, market adoptability, Middle-East crises, and high finance costs.
• Mitigation: asset-light capacity and fixed-cost discipline.

Purpose and corrections

• Corrigendum clarifies errors in earlier deviation disclosure.
• Upfront warrant payment corrected to 25% (not 24%).
• Promoters' Group misclassification corrected; 77 lakh warrants allotted to Promoters' Group.

Fund-raising mode and amounts

• Mode: Preferential Issue (equity shares and warrants).
• Date of allotment: 09 June 2026.
• Funds raised up to 30 June 2026: INR 51.10 crore.
• Aggregate issue size: INR 114.62 crore.
• Monitoring agency: Brickwork Ratings India Private Limited.

Deviation status

• Is there deviation in use of funds raised: No deviation reported.

Audit committee / auditors comments

• Audit Committee comments: None.
• Auditors' comments: None.

Utilisation status and objects

• As of 30.06.2026, funds fully utilised; no unutilised funds.
• Total proceeds received: INR 51.10 crore; utilised toward Jagriti Project.

Filing Status

• No deviation in use of preferential funds for quarter ended 30 June 2026.
• Audit Committee reviewed; Board approved on 14 August 2026.
• There are no unutilized funds as on 30 June 2026.

Fund utilisation status

• Statement confirms no deviation in utilisation of funds raised via preferential issue.
• Mode of fund raising: Preferential Issue.
• Funds raised: ₹114.62 crore; Allotment date: 9 June 2026.
• Deviation: No deviation reported; Monitoring agency applicable.
• Monitoring agency: Brickwork Ratings India Private Limited.
• Utilisation status: Fully utilised; no unutilised funds as of 30 June 2026.

Financial results & audit status

• Audited consolidated results for Q4 FY2026 and full-year 2026 approved.
• Includes segment reporting and cash flow; auditors' report contains a qualified opinion.
• CWIP of Rs 3,197.81 lakh at overseas Pakka Inc; project resumption uncertain.
• Standalone results include Emphasis of Matter on Guatemala manufacturing facility pause.

Governance, internal audit & regulatory changes

• Internal Auditor Kapoor Tandon & Co appointed for 2026-27.
• Monitoring Agency changed from CARE to Brickwork Ratings; effective 14 Aug 2026.
• Approved unaudited standalone and consolidated results for Q1 ended 30 June 2026.

AGM & investor communications

• 46th AGM scheduled for 30 September 2026 via video conference.
• Investor call on 18 August 2026 at 4:00 PM.

Strategic restart & approvals

• Approved restart of Pakka Inc., USA; aggregate outlay up to USD 1 million.
• Investment includes severance, legal, and related costs; further approvals required for excess.
• Investment is subject to regulatory approvals.

Capital raising & warrants

• Rs 425 crore raised via secured NCDs; funds for debt repayment and Jagriti project.
• Rs 51.10 crore via preferential issue and 77 lakh warrants to promoters; upfront Rs 21.18 crore.
• 36,00,000 convertible warrants lapsed; upfront Rs 2,448 lakh forfeited.

Target & disclosure

• Target: Pakka Limited.
• Disclosing party: Catalyst Trusteeship Limited (Debenture Trustee); not promoter.

Transaction details

• Type: pledge of equity shares (encumbrance) in Pakka Limited.
• Date: 12 August 2026; mode: pledge in favour of Catalyst Trusteeship Limited.

Pre-transaction holdings

• Voting rights: 1,37,09,257 shares (28.76%).
• Encumbrances: 33,34,500 shares (7.00%).
• Total pre-transaction (voting + encumbrance): 1,70,43,757 shares; diluted: 30.71%.

Post-transaction holdings

• Voting rights after: 1,70,43,757 shares (35.76%).
• Total diluted after: 55,50,91,000 shares (5,55,09,100).

Capital context

• Equity share capital before/after: 47,66,81,000 shares.
• Total diluted share capital after: 55,50,91,000 shares.

Meeting Details

• Date and time: Tuesday, 18 August 2026 at 04:00 PM IST
• Type/Mode: group video conference call (virtual)
• Event/Organiser: Analyst/Investor Video Conference Call (Group Meet) by Pakka Limited
• Purpose: discuss Q1 FY26-27 earnings for quarter ended 30 June 2026
• Key participants: Group Lead; Manufacturing Head; Food Services Head; Company Secretary; Board Member
• Availability: investor presentation, if any, will be submitted to stock exchanges before the call
• Link: video conference link provided; no dial-in details

Pakka Limited – pledge by Catalyst Trusteeship Ltd

• Target: Pakka Limited.
• Disclosing Party: Catalyst Trusteeship Ltd (Debenture Trustee; not promoter).
• Transaction type: Additional pledge encumbrance on shares.
• Pre-holding: 1,26,81,678 shares; 26.60% voting; 22.85% diluted.
• Acquired: 10,27,579 shares by pledge; 2.16% of diluted capital.
• Post-holding: 1,37,09,257 shares; 28.76% voting; 24.70% diluted.
• Date(s): 10 Jun 2026; 16 Jun 2026; 24 Jul 2026; 28 Jul 2026.
• Equity capital before/after: 47,66,81,000 shares.
• Total diluted capital after: 55,50,91,000.