AVT Natural Products Limited has released the final voting results and scrutinizer’s report for its 40th Annual General Meeting (AGM), held on August 17, 2026. The meeting, conducted via the CDSL Video Conference platform, saw shareholders approve all five ordinary and special resolutions put forward by the Board of Directors.

The AGM was attended by 93 shareholders through video conferencing, comprising six from the promoter group and 87 from the public category. Out of a total of 47,791 shareholders on the record date, approximately 75.93% of the outstanding shares participated in the voting process. M/s. V. Suresh & Associates served as the scrutinizer for the remote e-voting and electronic voting processes.

Voting Results Overview

All resolutions received unanimous support from the promoter group, which holds 11,42,12,975 shares. Public institutional investors also voted entirely in favor of all proposals. Among public non-institutional shareholders, support ranged between 99.80% and 99.85% across the various resolutions.

Resolution 1: Adoption of Financial Statements

Shareholders approved the adoption of the audited standalone and consolidated financial statements for FY26, along with the reports of the Board of Directors and Auditors. The resolution received 11,56,30,902 votes in favor and 2,288 votes against, representing a 99.99% approval rate on valid votes cast.

Resolution 2: Final Dividend Declaration

The declaration of the final dividend for FY26 was approved with 11,56,31,103 votes in favor and 2,087 votes against. This resolution also secured near-unanimous support, with 99.99% of valid votes cast in favor.

Resolution 3: Re-appointment of Mr. Rahul Thomas

Mr. Rahul Thomas (DIN: 09762551), who was liable to retire by rotation, was re-appointed as a director. The resolution received 11,56,30,485 votes in favor and 2,705 votes against.

Resolution 4: Appointment of Mr. Siddharth Thomas

The appointment of Mr. Siddharth Thomas (DIN: 07431990) as a Non-Executive Director was approved with 11,56,30,295 votes in favor and 2,895 votes against. Public non-institutional shareholders voted at a 99.80% approval rate for this resolution.

Resolution 5: Appointment of K. Nandakumar as CEO

The special resolution to appoint Mr. K. Nandakumar as Manager and Chief Executive Officer was passed with 11,56,30,376 votes in favor and 2,814 votes against. Like other leadership appointments, this resolution saw strong backing from both promoter and public shareholders.

Scrutinizer’s Report

The scrutinizer’s report, dated August 17, 2026, confirmed that the e-voting process complied with Section 108 of the Companies Act, 2013, and relevant SEBI regulations. Remote e-voting was available from August 14, 2026, at 9:00 am until August 16, 2026, at 5:00 pm. The report noted that corporate members provided scanned copies of board resolutions authorizing their votes, and all votes were unblocked in the presence of independent witnesses.

During the meeting, registered members raised queries regarding business operations and accounts, which were addressed directly by Chairman Ajit Thomas and Non-Executive Director Rahul Thomas. The company stated that the voting results would be disseminated to stock exchanges and uploaded on its website within two working days of the meeting’s conclusion.

AVT Natural Products reported a sharp improvement in consolidated profitability for the first quarter of FY27, with net profit rising to ₹311 crore compared to ₹121 crore in the corresponding period of the previous fiscal year. The company’s top-line growth was equally robust, as revenue climbed to ₹2,412 crore from ₹1,324 crore year-on-year. These figures represent the consolidated results for the quarter ended June 30, 2026, approved by the Board of Directors on August 14, 2026.

Operating performance strengthened significantly during the period. Consolidated EBITDA increased to ₹390 crore from ₹149 crore in the prior year. This expansion in operating income was accompanied by a notable improvement in efficiency, with the EBITDA margin widening to 16.2% from 11.2% in the previous year.

What the Numbers Show

The divergence between revenue growth and profit growth highlights improved operational leverage. While revenue grew by approximately 82%, net profit surged by over 156%. This disproportionate rise in bottom-line figures relative to top-line growth suggests that cost structures scaled less than proportionally to sales volume, or that mix shifts favored higher-margin products. The expansion in EBITDA margin by nearly 500 basis points further confirms this operational efficiency gain.

Financial Highlights

Standalone Results

On a standalone basis, AVT Natural Products reported a net profit of ₹239 crore for the quarter, up from ₹94 crore in the same period last year. Standalone revenue from operations stood at ₹2,308 crore, compared to ₹1,249 crore previously. The standalone EBITDA margin also improved to 16.3% from 9.4% year-on-year.

The unaudited financial results were reviewed by M/s Suri & Co., Chartered Accountants, the statutory auditors of the company. The consolidated results include subsidiaries in the UK, Mexico, USA, and UAE.