Integrated Filing — IndAS



General information about company

Scrip Code 512573
NSE Symbol AVANTIFEED
MSEI Symbol NOTLISTED
ISIN INE871C01038
Name of company AVANTI FEEDS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 28-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 06-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 28-05-2026   12:30:00
End date and time of board meeting 28-05-2026   17:45:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,46,771.68 6,06,585.82
Other income 4,748.46 21,060.51
Total income 1,51,520.14 6,27,646.33
2 Expenses
(a) Cost of materials consumed 1,14,196.84 4,35,798.14
(b) Purchases of stock-in-trade 121.37 510.32
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (4,321.54) (2,818.32)
(d) Employee benefit expense 7,909.26 28,858.40
(e) Finance costs 113.87 275.69
(f) Depreciation, depletion and amortisation expense 1,505.35 6,263.48
(f) Other Expenses
1 Other Expenses 12,392.47 69,416.01
Total other expenses 12,392.47 69,416.01
Total expenses 1,31,917.62 5,38,303.72
3 Total profit before exceptional items and tax 19,602.52 89,342.61
4 Exceptional items (1,297.08) (1,297.08)
5 Total profit before tax 18,305.44 88,045.53
6 Tax expense
7 Current tax 6,168.93 23,472.41
8 Deferred tax (1,684.82) (1,020.53)
9 Total tax expenses 4,484.11 22,451.88
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 13,821.33 65,593.65
12 Profit (loss) from discontinued operations before tax 85.81 139.92
13 Tax expense of discontinued operations 21.60 35.22
14 Net profit (loss) from discontinued operation after tax 64.21 104.70
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 (18.14)
16 Total profit (loss) for period 13,885.54 65,680.21
17 Other comprehensive income net of taxes 118.93 177.95
18 Total Comprehensive Income for the period 14,004.47 65,858.16
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 12,510.594 60,606.374
Total profit or loss, attributable to non-controlling interests 1,374.95 5,073.84
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 12,606.11 60,771.36
Total comprehensive income for the period attributable to owners of parent non-controlling interests 1,398.361 5,086.801
21 Details of equity share capital
Paid-up equity share capital 1,362.46 1,362.46
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 3,27,243.34
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 9.14 44.4
Diluted earnings (loss) per share from continuing operations 9.14 44.4
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0.05 0.08
Diluted earnings (loss) per share from discontinued operations 0.05 0.08
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 9.19 44.48
Diluted earnings (loss) per share from continuing and discontinued operations 9.19 44.48
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes: The above audited financial results have been prepared in accordance with Indian Accounting Standards as prescribed under section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and the Companies (Indian Accounting Standards) Amendment Rules, 2016. The above audited financial results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 28th May, 2026. The figures for the quarter ended March 31, 2025 and March 31, 2026 are the balancing figures between the audited figures in respect of the full financial years and unaudited published year to date figures up to the third quarter of the respective financial year. The figures upto the end of the third quarter were only reviewed and not subject to audit. The continuing business segments are: (a) Shrimp Feed (b) Shrimp Hatchery (c) Processed Shrimp The discontnued business segment is: Sale of power from wind mills. The Company has sold its windmill asset during the year, this divestment is part of the Company’s strategy to streamline non core assets and has no material impact on ongoing operations. Brief particulars of the disconinued operations are given as under Particulars Quarter ended Year ended March 31, 2026 Dec 31, 2025 March 31, 2025 March 31, 2026 March 31, 2025 Audited Audited Audited Audited Audited Revenue from operations - - 18.96 142.90 162.90 Total Income 99.88 - 18.96 242.78 162.90 Total expenses 14.07 16.25 35.07 102.86 139.71 Profit before tax 85.82 (16.25) (16.11) 139.93 23.20 Tax expense 21.60 (4.09) (4.05) 35.22 5.84 Profit from disconitued operations 64.21 (12.16) (12.06) 104.70 17.36 Effective November 21, 2025, the Government of India has consolidated multiple existing labour legislations into a unified framework comprising of four Labour Codes- the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020. On the basis of information and guidance available as on date, the Group has assessed and duly recorded the incremental financial impact of the above amounting Rs. 1090.43 lakhs for the year ended March 31, 2026. This increase pertains to the provision for gratuity and leave encashment, which has been recognised as an employee benefit expense. The Group continues to monitor the finalisation of Central and State Rules, as well as Government clarifications regarding other aspects of the Labour Codes. The exceptional item of Rs.1,297.08 lakhs represents an impairment loss on the Company’s investment in Patikari Power Private Limited, an associate. Patikari Power operates a 16 MW hydel power plant on the Beas River in Himachal Pradesh. On 1 July 2025, the plant sustained severe damage following a cloudburst that destroyed major infrastructure, including the approach road, dam site and powerhouse. Management is closely monitoring developments and, after assessing the facts and applying the relevant accounting standards, has recognised an impairment provision and recorded the necessary adjustments in the financial statements. The consolidated financials results include the results of the following entities: Name of the Company Nature of Relationship % of Holding Avanti Frozen Foods Private Limited Subsidiary 60.00% Srivathsa Power Projects Private Limited Subsidiary 100.00% Avanti Pet Care Private Limited Subsidiary 60.00% Sealuxe B.V., Netharlands Subsidiary 100.00% Patikari Power Private Limited Associate 25.89% The board at its meeting held on 28th May, 2026 has recommended dividend of Rs. 10 per equity share of Re.1/- each, subject to approval of shareholders. Corresponding previous period figures have been regrouped/reclassified wherever necessary.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 58,278.33
Capital work-in-progress 1,993.37
Investment property 0.00
Goodwill 0.00
Other intangible assets 73.03
Intangible assets under development 76.02
Biological assets other than bearer plants 136.91
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 1,024.29
Trade receivables, non-current 0.00
Loans, non-current 165.67
Other non-current financial assets
1 other financial assets 78,814.07
Total of other non-current financial assets 78,814.07
Total non-current financial assets 80,004.03
Deferred tax assets (net)
Other non-current assets
1 Non-current tax assets (net) 917.09
2 Other non-current assets 589.88
3 Right -of- use Asset 814.49
Total of other non-current assets 2,321.46
Total non-current assets 1,42,883.15
2 Current assets
Inventories 94,027.29
Current financial asset
Current investments 1,25,177.38
Trade receivables, current 14,388.90
Cash and cash equivalents 4,223.09
Bank balance other than cash and cash equivalents 39,573.84
Loans, current 126.38
Other current financial assets
Total of other current financial assets 61.33
Total current financial assets 1,83,550.92
Current tax assets (net) 0.00
Other current assets
1 Other current assets 5,578.26
Total of other current assets 5,578.26
Total current assets 2,83,156.47
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 4,26,039.62
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,362.46
Other equity 3,27,242.90
Total equity attributable to owners of parent 3,28,605.36
Non controlling interest 42,194.60
Total equity 3,70,799.96
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 767.09
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Other financial liabilities 372.00
Total of other non-current financial liabilities 372.00
Total non-current financial liabilities 1,139.09
Provisions, non-current 385.54
Deferred tax liabilities (net) 2,296.44
Deferred government grants, Non-current
Other non-current liabilities
1 Other non-current liabilities 442.68
2 Lease Liability 189.36
Total of other non-current liabilities 632.04
Total non-current liabilities 4,453.11
Current liabilities
Current financial liabilities
Borrowings, current 278.94
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 3,869.72
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 20,448.01
Total Trade payable 24,317.73
Other current financial liabilities
1 Other financial liabilities 4,538.67
Total of other current financial liabilities 4,538.67
Total current financial liabilities 29,135.34
Other current liabilities 20,721.89
1 Other current liabilities 20,633.82
2 Lease Liability 88.07
Total of other current liabilities 20,721.89
Provisions, current 929.32
Current tax liabilities (Net) 0.00
Deferred government grants, Current 0.00
Total current liabilities 50,786.55
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 55,239.66
Total equity and liabilites 4,26,039.62
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Shrimp Feed 1,03,479.72 4,36,680.63
2 Processed Shrimp 42,750.11 1,68,946.48
3 Shrimp Hatchery 0.0054522 1,246.06
4 Discontinued operation 0.00 0.001429
5 Power 0.00 0.00
Total Segment Revenue 1,46,775.05 6,07,016.07
Less: Inter segment revenue 3.37 287.35
Revenue from operations 1,46,771.68 6,06,728.72
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Shrimp Feed 10,960.79 55,853.66
2 Processed Shrimp 3,097.77 12,824.56
3 Shrimp Hatchery (100.91) (552.16)
4 Discontinued operation 85.82 139.93
5 Power (28.88) (138.48)
Total Profit before tax 14,014.59 68,127.51
i. Finance cost 113.87 275.69
ii. Other Unallocable Expenditure net off Unallocable income (4,490.52) (20,315.48)
Profit before tax 18,391.24 88,167.30
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Shrimp Feed 93,924.62 93,924.62
2 Processed Shrimp 86,630.25 86,630.25
3 Shrimp Hatchery 3,334.83 3,334.83
4 Discontinued operation 0.00 0.00
5 Power 1,012.84 1,012.84
Total Segment Asset 1,84,902.54 1,84,902.54
Un-allocable Assets 2,41,137.08 2,41,137.08
Net Segment Asset 4,26,039.62 4,26,039.62
4 Segment Liabilities
Segment Liabilities
1 Shrimp Feed 30,210.79 30,210.79
2 Processed Shrimp 11,008.66 11,008.66
3 Shrimp Hatchery 114.62 114.62
4 Discontinued operation 0.00 0.00
5 Power 45.39 45.39
Total Segment Liabilities 41,379.46 41,379.46
Un-allocable Liabilities 13,860.21 13,860.21
Net Segment Liabilities 55,239.67 55,239.67
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss (118.93) (177.95)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 118.93 177.95



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 88,045.53
Adjustments for reconcile profit (loss)
Adjustments for finance costs 275.69
Adjustments for decrease (increase) in inventories (5,923.52)
Adjustments for decrease (increase) in trade receivables, current (417.32)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (3,038.20)
Adjustments for decrease (increase) in other non-current assets 51.92
Adjustments for other financial assets, non-current 235.04
Adjustments for other financial assets, current 304.50
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (1,924.09)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 1,666.22
Adjustments for increase (decrease) in other non-current liabilities 1.96
Adjustments for depreciation and amortisation expense 6,320.84
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 1,690.54
Adjustments for provisions, non-current 583.69
Adjustments for other financial liabilities, current 3,968.99
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (2,787.77)
Adjustments for dividend income 1.89
Adjustments for interest income 11,571.96
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) (4,668.43)
Adjustments for undistributed profits of associates (18.14)
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 121.78
Other adjustments for non-cash items 1,056.02
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (14,037.85)
Net cash flows from (used in) operations 74,007.68
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 23,545.26
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 50,462.42
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 276.26
Purchase of property, plant and equipment 8,074.22
Proceeds from sales of investment property 1,20,208.74
Purchase of investment property 2,05,039.64
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 1.89
Interest received 6,532.52
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 47,600.48
Net cash flows from (used in) investing activities (38,493.97)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 278.94
Payments of lease liabilities 154.92
Dividends paid 12,464.55
Interest paid 248.08
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 2,787.77
Net cash flows from (used in) financing activities (10,358.72)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 1,609.73
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 1,609.73
Cash and cash equivalents cash flow statement at beginning of period 0.00
Cash and cash equivalents cash flow statement at end of period 1,609.73





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Tukaram & Co. LLP Yes 31-08-2026