5315312026-01-012026-03-315315312026-03-315315312025-03-315315312025-04-012026-03-315315312026-01-012026-03-31in-capmkt:OtherExpenses1Member5315312025-04-012026-03-31in-capmkt:OtherExpenses1Member5315312026-03-31OtherNoncurrentFinancialAssetsDomain15315312026-03-31OtherNoncurrentAssetsDomain15315312026-03-31OtherNoncurrentAssetsDomain25315312026-03-31OtherCurrentFinancialAssetsDomain15315312026-03-31OtherCurrentAssetsDomain15315312026-03-31OtherNoncurrentFinancialLiabilitiesDomain15315312026-03-31OtherNoncurrentLiabilitiesDomain15315312026-03-31OtherCurrentFinancialLiabilitiesDomain15315312026-03-31OtherCurrentFinancialLiabilitiesDomain25315312026-03-31OtherCurrentLiabilitiesDomain15315312026-01-012026-03-31RelatedPartyTransactionDomain15315312025-12-31RelatedPartyTransactionDomain15315312026-03-31RelatedPartyTransactionDomain15315312026-01-012026-03-31RelatedPartyTransactionDomain25315312025-12-31RelatedPartyTransactionDomain25315312026-03-31RelatedPartyTransactionDomain25315312026-01-012026-03-31RelatedPartyTransactionDomain35315312025-12-31RelatedPartyTransactionDomain35315312026-03-31RelatedPartyTransactionDomain35315312026-01-012026-03-31RelatedPartyTransactionDomain45315312025-12-31RelatedPartyTransactionDomain45315312026-03-31RelatedPartyTransactionDomain45315312026-01-012026-03-31RelatedPartyTransactionDomain55315312025-12-31RelatedPartyTransactionDomain55315312026-03-31RelatedPartyTransactionDomain55315312026-01-012026-03-31RelatedPartyTransactionDomain65315312025-12-31RelatedPartyTransactionDomain65315312026-03-31RelatedPartyTransactionDomain65315312026-01-012026-03-31RelatedPartyTransactionDomain75315312025-12-31RelatedPartyTransactionDomain75315312026-03-31RelatedPartyTransactionDomain75315312026-01-012026-03-31RelatedPartyTransactionDomain85315312025-12-31RelatedPartyTransactionDomain85315312026-03-31RelatedPartyTransactionDomain85315312026-01-012026-03-31RelatedPartyTransactionDomain95315312025-12-31RelatedPartyTransactionDomain95315312026-03-31RelatedPartyTransactionDomain95315312026-01-012026-03-31RelatedPartyTransactionDomain105315312025-12-31RelatedPartyTransactionDomain105315312026-03-31RelatedPartyTransactionDomain105315312026-01-012026-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares531531HATSUNNOTLISTEDINE473B01035HATSUN AGRO PRODUCT LIMITEDMain BoardEquity2025-04-012026-03-312026-05-192026-05-09INRCroresQuarterlyFourth quarterSingle segmentMilk and Milk Products2026-05-1916:00:002026-05-1917:00:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2026-01-19https://www.hap.in/policies.phpfalsefalseNot applicable2026-01-012026-03-31AuditedStandalone25776300000258000002580210000018093100000466000004581000007986000003227000001458300000402700000025204400000597700000059770000073000000158000008880000005089000000000508900000-630000050260000022280000012.282.28002.282.281.The Statement of Financial Results for the Quarter and Year Ended March 31, 2026 ("the Statement") of Hatsun Agro Product Limited (the "Company") have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on May 19, 2026. The statutory auditors have expressed an unmodified review conclusion on the financial results for the quarter ended March 31, 2026 and have expressed an unmodified audit opinion on the financial results for the year ended March 31, 2026. <BR> 2.The Statement has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard ("Ind AS") 34 - Interim Financial Reporting ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as amended. <BR> 3.The financial results for the year ended March 31, 2026 have been audited and for the quarter ended March 31, 2026 have been reviewed by the statutory auditors of the Company. The figures for the quarter ended March 31, 2026 and quarter ended March 31, 2025 are the balancing figures between the audited figures in respect of the financial year ended March 31, 2026 and March 31, 2025 respectively, and published year-to-date figures for nine months ended December 31, 2025 and December 31, 2024 respectively, which were subjected to limited review by the statutory auditors. <BR> 4.Based on the management approach as defined in Ind AS 108 - Operating Segments, the Chief Operating Decision Maker (CODM) evaluates the Company's performance and allocates resources based on analysis of various performance indicators by operating segments. The Company operates in a single segment viz., milk and milk products and hence segment information has not been separately disclosed. <BR> 5.The Board of Directors of the Company at its meeting held on April 28, 2025, had approved the Scheme of Amalgamation under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 and the rules made thereunder for merger/amalgamation of the wholly-owned subsidiary, Milk Mantra Dairy Private Limited with Hatsun Agro Product Limited, with an appointed date of April 01, 2025 or such other date as approved by the appropriate authority. The said Scheme has been sanctioned with effect from the appointed date of April 01, 2025 by the National Company Law Tribunal ("NCLT") vide its order dated March 10, 2026. <BR> <BR> Accordingly, the Company has given effect to the merger/amalgamation in the financial results during the quarter ended March 31, 2026, and restated the financial information for the comparative periods as if the merger/amalgamation had occurred from the date when the control was acquired, i.e. January 27, 2025. <BR> 6.On November 21, 2025, the Government of India notified four Labour Codes, effective immediately, replacing the existing 29 labour laws. In accordance with Ind AS 19 - Employee Benefits, changes to employee benefit plans arising from legislative amendments are treated as plan amendments, requiring immediate recognition of past service cost in the Statement of Profit and Loss. This approach is consistent with the guidance issued by the Institute of Chartered Accountants of India. <BR> <BR> The implementation of the Labour Codes has resulted in an increase in the provision for defined benefit obligation, which has been recognised as an employee benefit expense in the current quarter (Rs.0.81 crores) and year ended March 31, 2026 (Rs.10.23 crores). The Company continues to monitor the finalisation of Central and State Rules, as well as Government clarifications on other aspects of the Labour Codes, and will incorporate appropriate accounting treatment based on these developments as required. <BR> 7.The Balance Sheet as at March 31, 2026 and the Statement of Cash Flows for the year ended March 31, 2026 are provided as Annexures to this Statement. <BR> 8.The Board of Directors of the Company on May 19, 2026 have declared an interim dividend of Rs.10/- per equity share of Re.1 each (1000 percent) on the fully paid-up equity shares of the Company numbering 22,27,48,268 aggregating to a sum of Rs.222.75 crores with the record date of May 26, 2026 for the financial year 2026-27.2025-04-012026-03-31AuditedStandalone995922000001372000009972940000064157600000165100000517590000030114000001463000000573580000015316000000950248000004704600000047046000001305900000-16330000011426000000356200000000003562000000-44000000351800000022280000011922240000015.9915.990015.9915.99Other expenses4027000000Other expenses15316000000334705000005862000001222000007046000007520000000004348000000076170000011965000002620000034490000037203100000591470000004770000049380000018100000018210000074170000056560000072220000004442510000022280000019222400000194452000001944520000067514000000003826700000105781000003894000000115300000110828000006568100000135800000314420000032800000003342900000131910000005022000002039000001389710000024979900000444251000001.The Statement of Financial Results for the Quarter and Year Ended March 31, 2026 ("the Statement") of Hatsun Agro Product Limited (the "Company") have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on May 19, 2026. The statutory auditors have expressed an unmodified review conclusion on the financial results for the quarter ended March 31, 2026 and have expressed an unmodified audit opinion on the financial results for the year ended March 31, 2026. <BR> 2.The Statement has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard ("Ind AS") 34 - Interim Financial Reporting ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as amended. <BR> 3.The financial results for the year ended March 31, 2026 have been audited and for the quarter ended March 31, 2026 have been reviewed by the statutory auditors of the Company. The figures for the quarter ended March 31, 2026 and quarter ended March 31, 2025 are the balancing figures between the audited figures in respect of the financial year ended March 31, 2026 and March 31, 2025 respectively, and published year-to-date figures for nine months ended December 31, 2025 and December 31, 2024 respectively, which were subjected to limited review by the statutory auditors. <BR> 4.Based on the management approach as defined in Ind AS 108 - Operating Segments, the Chief Operating Decision Maker (CODM) evaluates the Company's performance and allocates resources based on analysis of various performance indicators by operating segments. The Company operates in a single segment viz., milk and milk products and hence segment information has not been separately disclosed. <BR> 5.The Board of Directors of the Company at its meeting held on April 28, 2025, had approved the Scheme of Amalgamation under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 and the rules made thereunder for merger/amalgamation of the wholly-owned subsidiary, Milk Mantra Dairy Private Limited with Hatsun Agro Product Limited, with an appointed date of April 01, 2025 or such other date as approved by the appropriate authority. The said Scheme has been sanctioned with effect from the appointed date of April 01, 2025 by the National Company Law Tribunal ("NCLT") vide its order dated March 10, 2026. <BR> <BR> Accordingly, the Company has given effect to the merger/amalgamation in the financial results during the quarter ended March 31, 2026, and restated the financial information for the comparative periods as if the merger/amalgamation had occurred from the date when the control was acquired, i.e. January 27, 2025. <BR> 6.On November 21, 2025, the Government of India notified four Labour Codes, effective immediately, replacing the existing 29 labour laws. In accordance with Ind AS 19 - Employee Benefits, changes to employee benefit plans arising from legislative amendments are treated as plan amendments, requiring immediate recognition of past service cost in the Statement of Profit and Loss. This approach is consistent with the guidance issued by the Institute of Chartered Accountants of India. <BR> <BR> The implementation of the Labour Codes has resulted in an increase in the provision for defined benefit obligation, which has been recognised as an employee benefit expense in the current quarter (Rs.0.81 crores) and year ended March 31, 2026 (Rs.10.23 crores). The Company continues to monitor the finalisation of Central and State Rules, as well as Government clarifications on other aspects of the Labour Codes, and will incorporate appropriate accounting treatment based on these developments as required. <BR> 7.The Balance Sheet as at March 31, 2026 and the Statement of Cash Flows for the year ended March 31, 2026 are provided as Annexures to this Statement. <BR> 8.The Board of Directors of the Company on May 19, 2026 have declared an interim dividend of Rs.10/- per equity share of Re.1 each (1000 percent) on the fully paid-up equity shares of the Company numbering 22,27,48,268 aggregating to a sum of Rs.222.75 crores with the record date of May 26, 2026 for the financial year 2026-27.Other financial assets761700000Other non-current assets262200000Non-current tax assets82700000Other financial assets182100000Other current assets565600000Lease liabilities3826700000Other non-current liabilities115300000Lease liabilities1236300000Other financial liabilities2106600000Other current liabilities502200000146300000040484000003390000000-1271000000-6940000008031000000005735800000021370000001306000000390000005380000000000-43200000012138900000168435000000001278100000015565400000000000008420000043856000000124200000000000000272280000027163000000000019800000052600000-434670000000000000187780000095142000000133650000011190000000-1210300000-11302200000-835000000-83500000577300000493800000830000058800000-2000000-14800000-6300000-44000000Hatsun Agro Product Limited******C SATHYAN******VICE CHAIRMANRemunerationNone940000000Hatsun Agro Product Limited******J.Shanmugapriyan******MANAGING DIRECTORRemunerationNone360000000Hatsun Agro Product Limited******H. Ramachandran******CHIEF FINANCIAL OFFICERRemunerationNone500000000Hatsun Agro Product Limited******C.Subramaniam******COMPANY SECRETARYRemunerationNone170000000Hatsun Agro Product Limited******R G CHANDRAMOGAN******CHAIRMANAny other transactionRental incomeNone100000000Hatsun Agro Product Limited******R G CHANDRAMOGAN******CHAIRMANAny other transactionRental DepositNone240000000Hatsun Agro Product Limited******R G CHANDRAMOGAN******CHAIRMANAny other transactionReimbursment ExpensesNone000Hatsun Agro Product Limited******C SATHYAN******VICE CHAIRMANAny other transactionReimbursment ExpensesNone10000000Hatsun Agro Product Limited******HAP SPORTS TRUST******TRUSTAny other transactionCORPORATE SOCIAL RESPONSIBILITYNone3220000000CSRHatsun Agro Product Limited******HAP SPORTS TRUST******TRUSTAny other transactionRENT RECEIVEDNone27000000058100000AuditedtrueDeloitte Haskins& Sells LLPtrue2027-07-31