Waterbase Ltd

Waterbase Limited: Trading Window closed from October 01, 2026 in connection with the proposed publication of unaudited financial results of the Company for the quarter and half year ending September 30, 2026; The Trading Window will open 48 hours after the said financial results are declared to the Stock Exchange.

Financial highlights

• Consolidated revenue from operations rose to ₹349.74 crore for FY2025-26.
• Total consolidated income stood at ₹352.14 crore.
• Loss before tax narrowed to ₹19.51 crore.
• Net loss after tax reduced to ₹14.66 crore.
• Basic and Diluted EPS reported at ₹-3.54.
• Debt-Equity ratio reached 0.42x; net-debt to equity 38.18%.
• Capex in FY2026 was ₹5.44 crore for processing upgrades.
• Dividend: final dividend not declared for FY2025-26.
• ROCE: −7.79%; ROI: 6.40%.

Segment performance

• Shrimp Feed revenue ₹118.10 crore; EBITDA ₹0.12 crore.
• Shrimp Processing and Exports revenue ₹209.89 crore; EBITDA ₹-7.95 crore.
• Frozen Seafood Division is a strategic growth area.
• Profitability improved through better processing utilization and exports.

Operations and strategy

• Integrated platform links feed, farm care, procurement, processing, exports.
• Focus on cost discipline and working-capital efficiency.
• Capex ₹5.44 crore aimed at capacity and quality improvements.
• FY27 priorities: rebuild feed volumes and expand value-added exports.

Governance and audit

• Board comprises six directors; three independent; MD redesignated to Managing Director from 1 Apr 2026.
• Independent Directors met on 30 Mar 2026.
• Statutory Auditor: Deloitte Haskins & Sells; no qualifications.
• Secretarial Auditor: M. Francis & Associates; no qualifications.
• Internal controls robust; SAP ERP implemented.

Risks and outlook

• Tariff volatility and policy shifts; US tariffs eased in 2026.
• Disease outbreaks and raw-material price volatility press margins.
• Energy and logistics costs add volatility; diversification important.
• Outlook: demand for value-added seafood remains positive; policy support via PM Matsya Sampada Yojana.

ESG and quality certifications

• ISO 9001, HACCP, US FDA, EU approvals; BRC, BAP4; ASC certifications.

Subsidiaries and group structure

• Waterbase Frozen Foods Private Limited is 100% subsidiary.
• Waterbase Frozen Foods was previously Saatatya Vistaar Oorja Bengaluru Private Limited.

Financial results approved

• Unaudited standalone and consolidated results for quarter ended June 30, 2026 approved.
• Auditors Deloitte Haskins & Sells LLP issued an unmodified opinion.
• Extract of consolidated results to be published in English and Telugu newspapers.
• Detailed standalone and consolidated results will be available on company and stock exchange websites.

Q1 FY27 results highlights

• Total Income Rs 121.4 Cr; PAT Rs 1.2 Cr; PBT Rs 1.5 Cr.
• Revenue growth of 39% in Q1 FY27.

Director retirement / reappointment

• Ms. Nitasha Thapar to retire by rotation; eligible for reappointment.

Board meeting details

• Board met August 11, 2026; proceedings from 10:45 am to 4:30 pm.

Meeting Details

• Date: August 11, 2026.
• Time: not disclosed.
• Location: not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter ended June 30, 2026.

Other Notes

Dematerialisation status

• Dematerialisation requests processed; certificates accepted/rejected and listed on the relevant exchange.
• Certificates for dematerialisation mutilated and cancelled after verification.
• Depository name substituted as registered owner in the register of members within the time limit.

Meeting Details

• 6 Jul 2026, Mumbai; General Discussion with organiser QRC Investment Advisors LLP; MD, CEO and CFO will attend.

Meeting Details

• Date and venue: 6 July 2026, Mumbai (Old Bridge AMC).
• Meeting type and mode: general discussion, in-person group meeting.
• Organizer: ICICI AMC.
• Company participants: MD, CEO, CFO to attend.
• Purpose: general investor interaction.