Avanti Feeds Limited has scheduled its 33rd Annual General Meeting (AGM) for Friday, August 14, 2026, at 11:00 AM IST. The meeting will be held via video conferencing (VC) or other audio visual means (OAVM) in compliance with the provisions of the Companies Act, 2013 and relevant SEBI regulations.

The Board of Directors has approved and recommended the payment of a dividend for the financial year ended March 31, 2026, subject to the approval of shareholders at the ensuing AGM. The dividend will be paid to shareholders whose names appear in the Register of Members or Register of Beneficial Owners at the close of business hours on Friday, August 07, 2026.

Pursuant to Regulation 42 of the Listing Regulations and Section 91 of the Companies Act, the Register of Members and Share Transfer Books of the Company will remain closed from Saturday, August 08, 2026, to Friday, August 14, 2026 (both days inclusive), to determine shareholder entitlement to the dividend for FY 2025-26.

The Company will send the Annual Report for FY 2025-26, along with the Notice convening the 33rd AGM, electronically to members whose email addresses are registered with the Company or Depository Participants. Shareholders holding shares in physical form who have not updated their KYC and nomination details are requested to provide the said details to the Registrar and Share Transfer Agent, KFin Technologies Limited.

Shareholders can attend and participate in the AGM through the VC facility only. The Company is also providing a facility for remote e-voting as well as e-voting during the AGM on all resolutions set out in the Notice of AGM. Detailed instructions regarding participation and voting will be provided in the Notice of the AGM.

Avanti Feeds Limited reported a 20% year-on-year increase in consolidated profit before tax (PBT) to INR 882 crores for the financial year ended March 31, 2026, driven by strong performance in its Shrimp Processing and Export division. Consolidated gross income for FY26 grew by 8.9% to INR 6,279 crores. For the fourth quarter, consolidated gross income stood at INR 1,515 crores, while PBT declined by 12.8% to INR 184 crores due to rising raw material costs.

Financial Performance

The Shrimp Feed division recorded a gross income of INR 4,538 crores for FY26, with PBT increasing to INR 715 crores from INR 658 crores in the previous year. Feed sales volume reached 5,62,060 MT. In Q4 FY26, the division reported a gross income of INR 1,068 crores, but PBT fell by 28% year-on-year to INR 139 crores, impacted by a 5,986 MT decrease in quantity sold and higher input costs.

The Shrimp Processing and Export division delivered robust growth, with gross income surging 43% to INR 1,741 crore and PBT more than doubling to INR 178 crore in FY26. In Q4 FY26, the division's gross income rose 22% to INR 446 crores, and PBT jumped to INR 48 crores from INR 18 crores in the same period last year, aided by improved price realization and favourable foreign exchange rates.

The following table summarises key financial metrics for FY26 against the prior year:

FY27 Outlook and Growth Targets

Management has set a feed sales target of 5.8 lakh MT for FY27 and expects export volumes to grow by 10–12%. The outlook is tempered by steep increases in raw material prices, with fish meal prices doubling to INR 240 per kg and soya bean meal rising approximately 45% to INR 72 per kg in recent months. The company plans to increase feed prices to mitigate these cost pressures.

Operational Updates

The Pet Care segment, under the Avant Furst brand, recorded sales of INR 151 lakhs in Q4 FY26. The company is expanding its distribution network and plans to introduce new product variants. Land acquisition for a new manufacturing facility near Hyderabad is complete, with construction set to begin upon necessary approvals.

Regarding the U.S. market, the company noted that reciprocal tariffs imposed under the International Emergency Economic Powers Act (IEEPA) were invalidated. Avanti Frozen Foods Private Limited, the importer of record, expects refunds of approximately USD 15–20 million for duties collected under IEEPA.