Aviva Industries Limited's Board of Directors, at their meeting held on May 14, 2026, approved the audited standalone financial results for the quarter and year ended March 31, 2026, under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subsequently approved by the Board, with statutory auditor M/s. S K Bhavsar & Co. (FRN: 145880W) issuing an audit report with an unmodified opinion for the financial year ended March 31, 2026. The company's business falls within a single primary segment of trading in agriculture products.

Financial Performance: Full Year and Quarterly Results

The company recorded a significant turnaround in its financial performance for the year ended March 31, 2026. Revenue from operations surged to Rs. 8177.47 lakhs from Rs. 3.19 lakhs in the previous year, while total income (net) stood at Rs. 8177.51 lakhs against Rs. 3.19 lakhs in the prior year. The company reported a net profit of Rs. 187.53 lakhs for the full year, compared to a net loss of Rs. 8.65 lakhs in the year ended March 31, 2025. Total tax expenses for the year were Rs. 69.78 lakhs, comprising current tax of Rs. 69.32 lakhs and tax of earlier years of Rs. 0.45 lakhs.

The following table summarises the key financial metrics for the quarter and year ended March 31, 2026 (Rs. in lakhs):

Balance Sheet Highlights

As at March 31, 2026, total assets stood at Rs. 7,910.15 lakhs, a substantial increase from Rs. 412.80 lakhs as at March 31, 2025. Current assets rose to Rs. 7,522.95 lakhs from Rs. 22.53 lakhs, driven primarily by trade receivables of Rs. 4,322.41 lakhs, loans of Rs. 2,295.30 lakhs, inventories of Rs. 620.51 lakhs, and cash and cash equivalents of Rs. 280.84 lakhs. Total equity increased to Rs. 7,491.27 lakhs from Rs. 302.69 lakhs, with paid-up equity share capital rising to Rs. 2,450.40 lakhs from Rs. 149.90 lakhs and other equity standing at Rs. 4,481.22 lakhs. Reserves excluding revaluation reserves as per the balance sheet stood at Rs. 4,481.22 lakhs as at March 31, 2026.

During the period, the company converted 2,30,05,000 warrants into equity shares upon receipt of ₹64,41,40,000 comprising the face value and a share premium of ₹18.00 per share from each subscriber.

Cash Flow Summary

For the year ended March 31, 2026, net cash used in operating activities was Rs. (6,740.39) lakhs, reflecting a significant increase in working capital requirements including a decrease in receivables of Rs. (4,302.19) lakhs and advances of Rs. (2,295.30) lakhs. Net cash used in investing activities was Rs. (0.28) lakhs. Net cash from financing activities was Rs. 7,020.15 lakhs, supported by share application money receipts of Rs. 2,860.15 lakhs on issue of capital and Rs. 4,140.90 lakhs on account of security premium. Cash and cash equivalents closed at Rs. 280.84 lakhs as at March 31, 2026, compared to Rs. 1.36 lakhs at the beginning of the year.

Proposed Acquisition of Agribullion Ventures

The Board also considered and approved a proposal for the issuance of equity shares on a preferential basis through a Share Swap mechanism for the proposed acquisition of a 90% stake in Agribullion Ventures Private Limited at an indicative valuation of ₹350 Crore. The key details of the proposed transaction are as follows:

Preferential Issue Fund Utilisation

The company reported no deviation or variation in the utilisation of funds raised through multiple tranches of preferential issues during the quarter ended March 31, 2026. All funds raised were stated to have been fully utilised towards meeting working capital requirements. The preferential issue tranches and amounts raised are summarised below:

Auditor's Emphasis of Matters

The statutory auditor, M/s. S K Bhavsar & Co., while issuing an unmodified opinion, drew attention to several matters in the Emphasis of Matters section of the audit report. These included:

• Non-furnishing of balance confirmation letters, party-wise reconciliation statements, and age-wise analysis for certain trade receivable and trade payable balances as at March 31, 2026, making it impossible to ascertain the existence, completeness, accuracy, and recoverability of said balances.
• Absence of satisfactory supporting documents for completeness of valuation of inventory as at March 31, 2026.
• Non-appointment of an Internal Auditor for the entire Financial Year 2025-26, constituting a non-compliance with Section 138 of the Companies Act, 2013.
• Non-disclosure of MSME classification for trade payables, constituting non-compliance with the Micro, Small and Medium Enterprises Development Act, 2006.
• Unconfirmed advances paid to suppliers and loans granted by the company for which confirmations and supporting loan agreements were not made available.
• Non-provision of information and supporting documentation in respect of investments held in the name of the company, preventing verification of existence, ownership, and fair valuation.

The auditor confirmed that the conclusion on the financial results is not modified in respect of any of these matters. All the above matters were communicated to the Board of Directors and the Audit Committee of the company.

Aviva Industries Limited has submitted its mandatory quarterly compliance certificate to BSE Limited for the quarter ended March 31, 2026. The filing was made in accordance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, demonstrating the company's adherence to regulatory requirements.

Compliance Certificate Submission

The compliance certificate was formally submitted to BSE Limited on April 13, 2026, by Managing Director Bharvin Patel Sureshbhai. The document was addressed to BSE's Corporate Relationship Department at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai.

Registrar Confirmation

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, serving as the company's registrar and transfer agent, provided a separate confirmation certificate dated April 1, 2026. The certificate confirmed compliance with dematerialisation processes during the quarter ended March 31, 2026.

The registrar confirmed that:

• Securities received from depository participants for dematerialisation were processed appropriately
• All securities were confirmed or rejected to depositories within prescribed timelines
• Security certificates received for dematerialisation were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners

Regulatory Framework

The submission falls under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, which mandates listed companies to file quarterly compliance certificates. This regulation ensures transparency in the dematerialisation process and maintains investor confidence in the securities market.

The certificate was signed by Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India Private Limited, confirming that all regulatory requirements were met during the reporting quarter. The registrar operates from its registered address at C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai.