Amir Chand Jagdish Kumar (Exports) Limited has announced the Board of Directors' approval for incorporating a wholly-owned subsidiary in Singapore, marking a significant expansion into international markets. The decision was made during a board meeting held on May 02, 2026, as part of the company's strategic growth initiatives in the Fast-Moving Consumer Goods (FMCG) sector.

Subsidiary Incorporation Details

The board approved the promotion and incorporation of the subsidiary under the proposed name "Aeroplane FMCG Pte. Ltd." in Singapore, subject to necessary regulatory compliances and approvals from concerned authorities. The company will maintain complete ownership and control of the new entity through a cash investment structure.

Business Operations and Focus

The subsidiary will engage in activities related to dealing in rice and Fast-Moving Consumer Goods (FMCG) products, leveraging the parent company's expertise in rice milling and export operations. This expansion represents a natural extension of Amir Chand Jagdish Kumar (Exports) Limited's existing business model into the broader FMCG category.

The investment falls within the limits prescribed under Section 186(2) of the Companies Act, 2013, ensuring compliance with regulatory requirements. The parent company will hold 100% of the total paid-up share capital, voting rights, and beneficial ownership in the subsidiary company.

Regulatory Compliance and Disclosure

The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to transparent corporate governance practices. The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited, with the company trading under scrip code 544743 and symbol AMIRCHAND.

The board meeting commenced at 04:30 PM IST and concluded at 5:00 PM IST. The announcement was signed by Sadhna Khurana, Company Secretary and Compliance Officer (Membership number: A24534), with digital signature authentication dated May 02, 2026. All relevant information has been made available on the company's website at www.aeroplanerice.com , ensuring stakeholder accessibility to corporate developments.

Amir Chand Jagdish Kumar (Exports) Limited, an ISO 22000:2018 certified rice miller and exporter, announced its unaudited financial results for the quarter ended December 31, 2025. The Board of Directors approved both standalone and consolidated financial statements during their meeting held on April 16, 2026, demonstrating robust performance across all key metrics. The company successfully completed its IPO, raising INR 440 crores, which has strengthened its balance sheet for future expansion.

Consolidated Financial Performance

The consolidated results, including wholly-owned subsidiary ACJK Foods Private Limited, showcased exceptional growth momentum with significant improvements in revenue and profitability metrics.

Q3 and 9M Performance Analysis

The company delivered strong performance with substantial growth in both revenue and profitability. EBITDA for Q3 FY26 stood at INR 75 crores, growing 39.2% year-on-year from INR 44.9 crores in Q3 FY25. EBITDA margins improved significantly by 410 basis points to 13.1% in Q3 FY26. For the nine-month period ended December 31, 2025, EBITDA reached INR 180.7 crores, up 46.2% from INR 123.6 crores.

Standalone Financial Results

The standalone performance reflected improved operational efficiency in the rice export sector, with revenue from operations reaching ₹5,055.82 million, up 19.40% year-on-year. Net profit for the standalone entity surged 139.56% to ₹271.38 million from ₹113.28 million in the corresponding quarter of the previous year.

IPO Proceeds and Utilization

The company completed its Initial Public Offer of 20,754,716 equity shares at ₹212 per share, with shares listed on NSE and BSE on April 2, 2026. Net proceeds of ₹4,111.14 million were received for funding working capital requirements and general corporate purposes.

Management Commentary

Commenting on the results, Mr. Jagdish Kumar Suri, Chairman & Managing Director, stated: "We are pleased to report a strong performance for Q3 FY26, marked by consistent growth across key financial metrics. We have also achieved a major milestone with successfully completing our IPO and raising INR 440 crores which further strengthen our balance sheet, positioning us well for future expansion." He highlighted that the ongoing shift from unorganized to organized segments continues to be a key structural tailwind, enabling market share gains. The company remains confident in its growth outlook, supported by a strengthened capital base and continued investments in brand building and market expansion.

Regulatory Compliance and Operations

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. Statutory auditor Pramod K. Sharma & Co. issued limited review reports with unmodified conclusions on both standalone and consolidated financial results. The company operates multiple manufacturing units across Delhi, Punjab, and Haryana under the Aeroplane Brand Rice, maintaining its position as a Super Star Trading House in rice milling and exports.