Avanti Feeds Limited filed its Business Responsibility and Sustainability Report for FY 2025-26 with the stock exchanges, disclosing key environmental and social performance metrics. The report highlights that renewable energy constituted 54.8% of the company's total energy consumption during the financial year, an increase from 52.8% in the previous year. Total energy consumption rose to 4,42,071 Giga Joules from 4,13,624 Giga Joules in FY 2024-25, driven by higher production volumes.

The company reported that 40.78% of its inputs were sourced sustainably, aligning with its target to procure at least 50% of key raw materials through sustainable sources by FY 2029-30. Avanti Feeds operates five shrimp feed manufacturing units and one hatchery, serving markets across 15 states and three countries. Shrimp feed accounted for 99.68% of the total turnover, while hatchery operations contributed 0.29%.

Operational and Employee Metrics

The company employed 782 permanent employees and 894 workers as of the end of FY 2025-26. The workforce included 29 female employees, representing 3.71% of the total permanent staff. The Board of Directors comprised 12 members, with one female director. The report confirmed zero instances of workplace fatalities, lost time injuries, or high-consequence work-related injuries during the year.

Environmental Performance

Avanti Feeds disclosed that it generated 2,440.74 metric tonnes of waste, of which 100% was recovered through recycling or re-use operations. The company maintained a zero liquid discharge mechanism and stated that it does not operate any facilities in water-stressed areas. Water withdrawal totalled 2,95,719 kilolitres, with groundwater constituting the primary source.

Governance and Stakeholder Engagement

The company reported receiving 181 shareholder complaints during the year, all of which were resolved. No complaints were reported from communities, investors, employees, customers, or value chain partners. The Board, led by Chairman & Managing Director Dr. A. Indra Kumar, reviews sustainability performance on a quarterly basis. The report received reasonable assurance from J Sundharesan & Associates, Practising Company Secretaries.

Avanti Feeds Limited has submitted its Annual Report for FY 2025-26 along with the Notice of its 33rd Annual General Meeting (AGM) to the stock exchanges on July 22, 2026, in compliance with Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The 33rd AGM is scheduled for Friday, August 14, 2026, at 11:00 AM IST via video conferencing (VC) or other audio visual means (OAVM). The Annual Report and AGM Notice are available on the company's website at www.avantifeeds.com .

AGM Schedule and Key Dates

The following key dates have been fixed in connection with the 33rd AGM and dividend:

Sri V. Bhaskara Rao, Proprietor of M/s. V. Bhaskara Rao & Co., has been appointed as the Scrutinizer for the e-voting process and the AGM. KFin Technologies Limited is the service provider for the e-voting platform and the AGM conducted through VC.

Financial Performance — FY 2025-26

FY 2025-26 was characterised by tariff disruptions, logistics volatility, and rising input costs, yet the company delivered improved profitability across both standalone and consolidated metrics. The following table summarises the key financial results:

On a standalone basis, Profit Before Tax before the exceptional item stood at Rs. 72,537.74 lakhs compared with Rs. 65,850.57 lakhs in the previous year. An exceptional item of Rs. 1,064.52 lakhs, representing an impairment provision on the company's investment in associate Patikari Power Private Limited — whose 16 MW hydel plant on the Beas River sustained severe damage following a cloudburst on July 1, 2025 — reduced standalone PBT to Rs. 71,473.22 lakhs. Basic EPS for continuing and discontinued operations combined stood at Rs. 39.48 compared with Rs. 36.13. On a consolidated basis, revenue from operations grew 8.34% to Rs. 6,065.86 crore, and consolidated PAT from continuing operations reached Rs. 655.76 crore. Basic EPS (continuing and discontinued operations) improved to Rs. 44.48 from Rs. 38.81.

Segment-wise Performance

The Shrimp Feed Division remained the largest contributor to consolidated revenue. The following table presents segment-level performance:

Shrimp Feed volumes increased to 5,62,060 MT from 5,55,247 MT, a growth of 1.23%. The company's estimated market share in the Indian shrimp feed market remains approximately 51% to 53%. The feed division's PBT margin for FY 2025-26 stood at 15.50% compared with 14.34% in FY 2024-25. The Processed Shrimp segment delivered strong revenue and profit growth supported by improved realisations, favourable foreign exchange movements, and better operating conditions. The Hatchery segment reported a loss due to challenging market conditions.

Key Financial Ratios

Dividend and Reserves

The Board of Directors has recommended a dividend of Rs. 10 (Rupees Ten only) per equity share of Rs. 1/- each fully paid for FY 2025-26, subject to approval of shareholders at the 33rd AGM. If approved, the dividend would result in a cash outflow of approximately Rs. 13,624.56 lakhs, representing a dividend payout of 25.33% of standalone profits. An amount of Rs. 2,700.00 lakhs was transferred to reserves out of current year profits.

Subsidiary Performance

The consolidated results include the following subsidiaries and associate:

Avanti Frozen Foods Private Limited (AFFPL) reported a turnover of Rs. 1,68,946.48 lakhs and profit before tax of Rs. 17,820.98 lakhs. Avanti Pet Care Private Limited commenced operations by trading in pet food under the "Avant Furst" brand, achieving a turnover of Rs. 421 lakhs while recording a net loss of Rs. 476 lakhs. Srivathsa Power Projects Private Limited remained non-operational during FY 2025-26 due to non-availability of APM gas. A manufacturing facility for pet care products near Hyderabad is planned with commercial production expected in early 2028.

Balance Sheet and Capital Structure

On a consolidated basis, total assets stood at Rs. 4,260.40 crore as at March 31, 2026. Total consolidated equity stood at Rs. 3,708.00 crore, of which Rs. 3,286.05 crore is attributable to owners of the company. Total consolidated borrowings remained negligible at approximately Rs. 10.46 crore. On a standalone basis, total assets were Rs. 3,24,343.68 lakhs and total equity was Rs. 2,80,104.68 lakhs.

AGM Business Items

The 33rd AGM agenda includes the following ordinary and special business items:

Dr. A. Indra Kumar's tenure as Chairman and Managing Director concludes on June 30, 2026, and the Board has proposed his re-appointment for a further five-year term. Sri C. Ramachandra Rao's five-year term as JMD and Company Secretary concludes on March 31, 2027, and his re-appointment for a further five-year term w.e.f. April 1, 2027 is also proposed. As part of succession planning, Ms. B. Santhi Latha has been appointed as Chief Financial Officer with effect from June 1, 2026, with Sri C. Ramachandra Rao continuing to oversee finance and accounts in a supporting capacity.

India Seafood Exports and Macro Context

According to final data released by the Marine Products Export Development Authority (MPEDA), India's seafood exports touched a record Rs. 73,890.46 crore (US$ 8.46 billion) in FY 2025-26, with shipments of 19.72 lakh metric tonnes. Frozen shrimp remained the leading export item, contributing Rs. 49,037.93 crore (US$ 5,624.48 million), accounting for 40.19% of export quantity and 66.52% of export earnings in dollar terms. Frozen shrimp exports stood at 7,92,647 metric tonnes in FY 2025-26, registering growth of 13.16% in rupee value and 8.64% in dollar value over the previous year. The reduction of the U.S. reciprocal tariff on Indian goods from 50% to 18% effective February 2, 2026, and the conclusion of the India-EU FTA and India-UK CETA have materially improved India's export market outlook. Avanti Frozen Foods Private Limited, as the importer of record in the United States, is in the process of filing entries through the U.S. Customs ACE portal to claim refunds on IEEPA tariffs paid; the quantum of potential refunds is estimated at approximately USD 15–20 million.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE871C01038/16538c6c-544b-45b3-98b4-6ca65ad3fe28.pdf