Univa Foods Ltd

Univa Foods Ltd Trading Window closed from 01st October, 2026 till the expiry of 48 hours after the declaration of the Unaudited Financial Results for the quarter and half year ended 30th September, 2026 for all designated persons and their immediate relatives.

AGM Details

• AGM held 26 Sep 2026 at 04:00 PM IST via VC/OAVM.
• Record/Book closure dates not specified in the filing.

Ordinary Business

• Adopt audited standalone financials for the year ended 31 March 2026.
• Re-appointment of a director retiring by rotation.

Special Business

• Appointment of a Director.
• Appointment of Managing Director.
• Appointment of Independent Director (Non-Executive).
• Appointment of a second Independent Director (Non-Executive).

Voting status

• Adoption of financials: outcome not disclosed.
• Director re-appointment: outcome not disclosed.
• Director appointment: outcome not disclosed.
• Managing Director appointment: outcome not disclosed.
• Independent Director appointment: outcome not disclosed.
• Second Independent Director appointment: outcome not disclosed.

AGM details

• AGM held on 26-09-2026 at 04:00 PM via VC/OAVM.
• Record date for voting rights: 19-09-2026; on-record shareholders: 8,224.
• Meeting duration: 04:00 PM to 04:28 PM.

Key resolutions and outcomes

• Resolution 1 (Ordinary): Adopt standalone financial statements for year ended 31 March 2026.
• Resolution 2 (Ordinary): Re-appoint Deepak Babulal Kharwad as Director.
• Resolution 3 (Ordinary): Appoint Pravin Chauhan as Director.
• Resolution 4 (Special): Appoint Pravin Chauhan as Managing Director.
• Resolution 5 (Special): Appoint Jignesh Keshav Barot as Non-Executive Independent Director.
• Resolution 6 (Special): Appoint Rinku Saini as Non-Executive Independent Director.
• All resolutions passed with overwhelming majority.

Director changes

• Deepak Babulal Kharwad re-appointed as Director (rotating).
• Pravin Chauhan appointed as Director.
• Pravin Chauhan appointed as Managing Director.
• Jignesh Keshav Barot appointed as Non-Executive Independent Director.
• Rinku Saini appointed as Non-Executive Independent Director.
• Remuneration and tenure details were not disclosed.

AGM and AR access update

• 35th AGM scheduled for 26 September 2026 at 4:00 PM IST via VC/OAVM.
• Letters with weblink to Annual Report 2025-26 dispatched to shareholders without emails.
• Weblink path: Investor Relations > Annual Reports on www.univafoods.co.in.
• Reminder to update KYC details and dematerialise physical securities per SEBI circular.
• RTA is available for shareholder queries.
• Email registration for updates is optional but advised.

Financial performance

• Revenue from operations: 15 Lakh in FY2025-26; 0 in FY2024-25.
• Total income: 15 Lakh in FY2025-26; 2 Lakh in FY2024-25.
• Expenditure: 27.72 Lakh in FY2025-26; 22.84 Lakh in FY2024-25.
• Profit before tax: -12.72 Lakh in FY2025-26; -20.84 Lakh in FY2024-25.
• Net profit after tax: -12.86 Lakh in FY2025-26; -20.84 Lakh in FY2024-25.
• EPS (basic): -0.09 in FY2025-26; -0.15 in FY2024-25.
• Dividend declared: No dividend declared for FY2025-26.
• Net loss improved year-on-year, narrowing from 20.84 to 12.86 Lakh.
• Issued share capital remained unchanged at Rs 1,432.28 Lakhs.

Industry and outlook

• Industry: Indian food products and distribution with growth in organised retail.
• Outlook: focus on operational efficiency and strengthening financial position.
• Opportunities: branded products, digital distribution, and expansion to new markets.
• Threats: intense competition, input cost fluctuations, regulatory changes, and macro uncertainty.

Operations and segments

• Company operates in a single business segment; no segment reporting required.
• Revenue growth driven by trading activities and broader distribution network.
• Outlook emphasizes prudent expansion and cost management.

Capital structure & liquidity

• Authorized share capital: Rs 16.10 Cr; issued & paid-up capital: Rs 14.3228 Cr.
• Issued capital unchanged during FY2025-26.
• Share dematerialisation: 93.57%; physical: 6.43% as of 31/03/2026.
• Total borrowings: Rs 103.49 Lakhs; inter‑company loans: Rs 100 Lakhs; related party: Rs 3.49 Lakhs.
• No external bank financing; liquidity supported by inter‑company funds.
• Net worth substantially eroded; going concern assessment by management.
• Cash and cash equivalents: Rs 4.44 Lakhs.

Governance and management changes

• Mr. Pravin Chauhan appointed Managing Director from 11-03-2026 for five years.
• Mr. Deepak Babulal Kharwad continues as Non‑Executive Director.
• Independent Directors: Mr. Jignesh Barot and Ms. Rinku Saini appointed 02-04-2026 for five years.
• Resignations: Ms. Gayathri Srinivasan Iyer and Mr. Prasoon Mishra resigned 31-10-2025.
• Mr. Mallinath Madineni resigned as Managing Director on 11-03-2026.
• Board meetings: seven held in FY2025-26; committees active with established TORs.

Audit, compliance and controls

• Statutory Auditor: M/s B. M. Gattani & Co; Secretarial Auditor: Ajay Yadav & Associates.
• Audit reports for FY2025-26 had no qualifications; internal controls deemed adequate.
• Internal audit conducted; management discusses findings with Audit Committee.
• Secretarial Audit Report forms part of Annual Report; no adverse observations highlighted.

Management discussion and risk

• MD&A notes industry risks: competition, cost volatility, regulatory changes, and economic uncertainty.
• Risk management framework in place; Board reviews risk and mitigates where feasible.
• The company asserts going concern but notes significant erosion of net worth.
• Management intends to pursue opportunities aligned with long-term value creation.

Related party disclosures

• All related party transactions were in the ordinary course of business.
• Inter‑corporate deposit with Rishabh Enterprises Limited: Rs 1 Crore reported.
• No material related party transactions beyond ordinary course.

AGM details

• Date: 26 September 2026; Time: 04:00 PM IST.
• Mode: VC/OAVM.
• Cut-off date for voting rights: 19 September 2026.

Resolutions

• Ordinary: Adopt Audited Standalone Financial Statements for year ended 31 March 2026.
• Ordinary: Re-appoint Deepak Babulal Kharwad as Director, retiring by rotation.
• Ordinary: Appoint Pravin Chauhan as Director, liable to retire by rotation.
• Special: Appoint Pravin Chauhan as Managing Director for five years.
• Special: Appoint Jignesh Keshav Barot as Non-Executive Independent Director for five years.
• Special: Appoint Rinku Saini as Non-Executive Independent Director for five years.

Financial results

• Unaudited standalone results for quarter ended 30 June 2026 approved.
• Year-to-date Apr 1, 2026 to Jun 30, 2026 included in results.
• Audit Committee reviewed results; Limited Review Report by B. M. Gattani & Co.