AWL Agri Business held its 28th Annual General Meeting on July 7, 2026, where shareholders approved all nine resolutions via remote e-voting and e-voting during the meeting. The company declared a final dividend of ₹1 per equity share for the financial year ended March 31, 2026. The meeting, conducted via video conference, also saw the adoption of standalone and consolidated financial statements for FY26 and the re-appointment of key directors.

The resolutions included the adoption of audited financial statements and the ratification of remuneration for cost auditors. Shareholders approved material related party transactions with Wilmar Trading Pte. Ltd for FY 26-27. Mr. Ravindra Kumar Singh was re-appointed as a Whole Time Director for a period of 3 years effective November 1, 2026.

Voting Results Summary

All resolutions were passed with the requisite majority. The scrutinizer, Mr. Chirag Shah of Chirag Shah & Associates, oversaw the e-voting process. The remote e-voting period was open from July 3, 2026, to July 6, 2026.

Key Attendees

The meeting was attended by key members of the Board and management, including Mr. Dorab Mistry, Chairman & Independent Director, and Mr. Shrikant Kanhere, Managing Director & C.E.O. The statutory auditors and secretarial auditor were present via video conference. The voting results were submitted to the stock exchanges within two working days.

AWL Agri Business delivered mid-single digit volume growth during the quarter ended June 30, 2026, supported by strong momentum across its Food & FMCG portfolio, Alternate Channels, and Industry Essentials segments. The company's Alternate Channels and Industry Essentials segments sustained outperformance, contributing to the overall positive trend. This preliminary update precedes the detailed disclosure of financial results, which will follow the Board of Directors' approval of the consolidated and standalone results for the quarter.

Food & FMCG Performance

The Food & FMCG division delivered over 20% year-on-year (YoY) revenue growth, with underlying volume growth exceeding 17%. Rice continued its strong trajectory with revenue growth of over 40% YoY, while Wheat Flour showed signs of recovery. The company's Food portfolio, excluding Wheat and Rice — which includes pulses, besan, soya nuggets, sugar, poha, and personal care products — scaled well with a 25% YoY revenue increase. During the quarter, the company entered a brand licensing arrangement for the Madhur brand to further strengthen its multi-category offerings.

Segment-wise Growth

The following table summarises performance across key business segments during the quarter:

The Edible Oil business saw revenue growth of 13% YoY, though volumes remained largely flat due to cautious trade inventory building amidst geopolitical events. The Alternate Channel within this segment, however, grew in low teens by volume. Industry Essentials recorded robust growth, driven by high-teen volume expansion in Oleochemicals & Specialty Chemicals and healthy performance in castor and de-oiled cakes.

Channel Expansion

Alternate Channels, comprising E-Commerce, Quick Commerce, and Modern Trade, grew 27% YoY, significantly outpacing the broader industry. On a Trailing Twelve Month (TTM) basis, these channels have scaled to approximately ₹5,600 crore of revenue. Quick Commerce delivered significantly high double-digit growth. The company expanded its direct retail reach to approximately 9.7 lakh outlets, an addition of over 1 lakh outlets compared to Q1 FY26.

Subsidiary Performance

Subsidiaries continued to deliver healthy growth during the quarter. GD Foods, operating the Tops brand, recorded over 20% YoY revenue growth with underlying volume growth of 19%. Omkar Chemicals also reported an 18% YoY revenue increase.