Tanvi Foods (India) Ltd

Tanvi Foods (India) Ltd – Closure of Trading Window from Oct 01, 2026 until 48 hours after the Unaudited Financial Results for the half year ended September 30, 2026

Financial highlights

• Standalone revenue from operations: 10639.34 lakh, up 25.6% YoY.
• Consolidated revenue from operations: 10256.19 lakh, up 20.1% YoY.
• Standalone total revenue: 10992.69 lakh, up 29.6% YoY.
• Consolidated total revenue: 10609.54 lakh, up 24.1% YoY.
• Standalone PAT: 90.98 lakh, up 149% YoY.
• Consolidated PAT: 215.44 lakh; equity PAT 160.31 lakh.
• Basic EPS: Standalone 0.71; Consolidated 1.25.
• Cash and bank balance: 27.16 lakh.
• Dividend: Nil declared for FY2025-26.
• Warrant conversions added 2,24,225 shares; paid-up Rs 13.053 crore.
• UK subsidiary Tanvi Foods UK Limited incorporated; not yet commenced operations.

Operations & expansion

• Seetharampuram facility: 3.5 acres, 72,000 sq ft; began 04-04-2024.
• Facility designed for BRC standards; ISO 22000/14001/9001/45001.
• US operations: five warehouses established; direct-to-Customer model.
• US FDA registration renewed; valid through 31-12-2026.
• Total project cost about Rs 45 crore funded by internal accruals, equity, borrowings.
• Exploring Singapore, Australia, Canada, Middle East; calibrated expansion.

Governance & leadership

• Reappointment of MD Sri Nagaveer Adusumilli for 3 years from 07-12-2025; remuneration Rs 42 lakh.
• Ms. Vasavi Adusumilli to be reappointed; spouse of MD.
• Independent Directors meet; independence confirmed; separate evaluation conducted.
• Secretarial Audit: delay in Annual Report to BSE; Rs 23,600 penalty paid.

Capital structure & funding

• Authorised share capital Rs 15 crore; issued share capital Rs 12.8287 crore.
• End of year: 1,30,53,000 equity shares; 2,24,225 warrants converted; 8,24,000 warrants lapsed.
• Paid-up capital increased; upfront warrant money forfeited Rs 1.854 crore.
• Promoters hold 34.91%; top holders Nagaveer 19.01%, Vasavi 13.55%, Charita 5.28%.

Subsidiaries & related parties

• Polar Cube Cold Storage Solutions Pvt. Ltd. 100% subsidiary; revenue Rs 64.50 lakh; PAT Rs 1.96 lakh.
• Tanvi Foods USA Inc. 55% subsidiary; turnover Rs 932.59 lakh; PAT Rs 122.50 lakh.
• Tanvi Foods UK Limited 51% subsidiary; incorporated 08-01-2026; not yet commenced.
• Squarepeg Distribution Services Pvt Ltd divested 30-06-2025.

Outlook & risks

• Focus on capacity utilisation, product expansion, and enhanced exports.
• Risks: currency fluctuations, raw material costs, logistics, regulatory changes, and competition.
• Overseas markets to aid access; UK operations to commence Sep 2026; measured expansion remains prudent.

Audit & governance flags

• Statutory auditors: Sagar & Associates; no material qualifications.
• Internal auditors: SMG & Associates; no material observations.
• Secretarial audit: delay in annual report filing; penalty paid; ongoing adherence to SS-2.

Allotment on warrant conversion

• Allotted 34,000 equity shares on conversion of 34,000 warrants to Mr. M V V Raghava Rao (Non-Promoter).
• 75% of total consideration Rs 22.95 lakh received; balance 25% paid earlier at allotment.
• Balance warrants: 8,24,000 lapsed after 18 months; upfront 25% forfeited.
• Total warrants converted to date: 2,24,225 (including this allotment).
• Issue price Rs 90 per warrant; equity shares Rs 10 face value.