Uniroyal Marine Exports Ltd

Inter-Corporate Loan from Related Party

• Inter-corporate loan received from related party Baby Marine Eastern Exports.
• Amount received: INR 91.50 lakh on 28.07.2026.
• Amount received: INR 72.00 lakh on 18.08.2026.
• Amount received: INR 19.50 lakh on 19.08.2026.
• Total inter-corporate loan: INR 183.00 lakh.
• Disclosure under SEBI LODR Regulations 2015.

Financials

• Revenue from operations: 320.04 lakhs in Q1 FY2027 (30 Jun 2026).
• Total revenue: 374.53 lakhs in Q1 FY2027.
• Total expenses: 496.13 lakhs in Q1 FY2027.
• Net loss: 121.60 lakhs in Q1 FY2027.
• EPS basic/diluted: -1.88 for Q1 FY2027.
• Year ended 31 Mar 2026: total revenue 2,881.61 lakhs.
• Year ended 31 Mar 2026: net profit 26.58 lakhs; EPS 0.45.
• Year ended 31 Mar 2026: total comprehensive income 29.36 lakhs.

Financial results and audit

• Board approved unaudited standalone results for quarter ended 30 June 2026.
• Results accompanied by Limited Review Report; Audit Committee reviewed the results.
• Independent auditor stated no material misstatement and no emphasis of matter.
• Background note: EGM 31 July 2025 approved sale of land; outcome pending.
• Workforce restructuring led to provision of Rs 378.68 lakhs for retirement obligations.

Dematerialisation status

• Dematerialisation requests received during the period were processed and confirmed to depositories.
• Securities dematerialised have been listed on the stock exchanges where the earlier issued securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within timelines.

Financial performance

• Revenue from operations ₹2,869.89 lakhs in FY26.
• Total revenue ₹2,881.61 lakhs in FY26.
• Total expenses ₹2,852.69 lakhs in FY26.
• PBT ₹28.92 lakhs; PAT ₹26.58 lakhs in FY26.
• Basic and diluted EPS ₹0.45; prior year ₹0.13.
• Dividend proposed: none for FY25-26.
• Cash flow from operations negative ₹46.86 lakhs.
• Current assets ₹2,048.84 lakhs; current liabilities ₹1,976.57 lakhs; WC ₹72.27 lakhs.
• PAT improved from ₹6.91 in FY25 to ₹26.58 in FY26.

Operations and strategy

• Single segment focused on processing/export of marine products.
• IQF technology adopted for higher value addition.
• Proximity to Beypore and Puthiyappa landing centers in North Kerala.
• USA Green Channel; EU approvals for IQF and block fishery products.
• No material change in core business during FY26.
• Underutilization of manpower due to raw material shortages; restructuring undertaken.
• Operational optimization and cost rationalization; no material going concern impact.

Governance and board changes

• Ambrish Sampat resigned as Independent Director on 31 Oct 2025.
• Ganesh Mohan appointed Independent Director on 31 Oct 2025.
• Mohanlal Viswanathan Nair resigned on 30 Nov 2025.
• Thomas Kadakketh Chandy to be reappointed; retire by rotation.
• Sajeesh Kurian Poovathinkal appointed Company Secretary on 13 Mar 2025.
• Secretarial audit flagged incomplete audit trail in accounting software.
• Board has Audit, Nomination & Remuneration, and Stakeholders Relationship Committees.

Capital structure and liquidity

• Equity share capital ₹647.95 lakhs; total equity ₹82.67 lakhs.
• Borrowings: current ₹1,646.94; non-current ₹105.60 (GECL).
• Cash and bank balances ₹1.45; fixed deposits ₹59.23; liquid assets ₹60.68.
• Current ratio 1.04; debt-to-equity 19.92%.
• Net working capital ₹72.27 lakhs; CFO negative ₹46.86 lakhs.
• Export packing credit limit ₹13 crore secured on stock and assets.

Related party transactions

• Purchase of raw materials from Baby Marine Eastern Exports ₹988.54.
• Remuneration to MD Anush Kalluvila Thomas ₹2.52 lakh.
• Remuneration to Company Secretary Sajeesh Kurian ₹5.40 lakh.
• Remuneration to CFO Bindu Suresh ₹3.90 lakh.
• Remuneration payable to KMP at year-end: Anush ₹0.21; Sajeesh ₹0.45; Bindu ₹0.33.
• Related party balances include unsecured, interest-free amounts to KMP.

Audit and internal controls

• Statutory audit by BSJ & Associates; secretarial audit by Gopimohan Satheesan & Associates.
• Secretarial audit: audit trail not enabled on some software; controls largely adequate.
• Internal financial controls deemed adequate; Annexure-B report issued.
• No material fraud or non-compliance reported; notes on software audit trail.

Contingent liabilities and commitments

• Contingent liabilities ₹492.74 lakhs; includes bank guarantees and bills discounted.
• Bank guarantees to Spl. Tahsildar ₹1.28; KSEB ₹9.57; USD 50,000 foreign bank guarantee.
• Bills discounted by banks ₹481.89 lakh outstanding.
• Commitments: nil capital commitments.

AGM details

• AGM date and time set for 03 August 2026 at 2:30 PM IST via VC/OAVM.
• Remote e-voting facility available from 31 July 2026 9:00 AM to 02 August 2026 5:00 PM IST.

Key resolutions

• Adopt Audited Standalone Financial Statements and related reports.
• Re-appointment of director retiring by rotation.

Auditor re-appointments

• Board approved re-appointment of Panakkat Sandeep Kumar as Internal Auditor for FY 2026-27.
• Panakkat Sandeep Kumar is a Company Secretary in Practice with offices in Calicut, Trivandrum and Cochin.
• Date of appointment: July 01, 2026, for the financial year 2026-27.
• Gopimohan Satheesan and Associates LLP re-appointed as Secretarial Auditor for FY 2026-27.
• K.P. Satheesan is a Fellow Member of ICSI with 20+ years post-qualification experience.
• Annexure A provides SEBI LODR disclosures; no material financial impact disclosed.