Chordia Food Products reported a 42% year-on-year increase in net profit to ₹77.50 lakh for the financial year ended March 31, 2026. Revenue from operations surged 51% to ₹476.69 lakh, reflecting robust growth in both its food infrastructure and manufacturing segments.

The company's total income rose to ₹482.72 lakh from ₹315.11 lakh in FY25. Profit before tax climbed to ₹103.25 lakh, up from ₹73.30 lakh in the previous year. The Board has decided to retain the entire profit for the year and did not recommend any dividend.

Segment Performance

The company operates in two primary segments: Food Infrastructure and Food Division. The Food Infrastructure segment, comprising cold storage charges and lease rental income, contributed ₹347.53 lakh to revenue, an increase from ₹314.73 lakh in FY25.

The Food Division, which includes processed foods, vegetables, and makhana products, saw significant expansion with revenue reaching ₹129.15 lakh, compared to negligible sales in the prior year. This diversification contributed materially to the overall top-line growth.

Financial Highlights

Operating expenses increased to ₹379.47 lakh from ₹241.81 lakh, primarily due to higher employee benefit expenses (₹68.45 lakh vs ₹41.19 lakh) and other operational costs associated with the new food business initiatives. Depreciation remained stable at ₹92.43 lakh.

What the Numbers Show

A key observation is the shift in cost structure alongside revenue growth. While revenue grew by 51%, employee benefit expenses jumped by 66% to ₹68.45 lakh, indicating increased manpower deployment for the new food processing operations. Despite this, the net profit margin remained healthy at approximately 16%, demonstrating effective cost management during the expansion phase.

Balance Sheet and Governance

Chordia Food Products maintained a debt-free status with no borrowings. Total assets stood at ₹1,783.24 lakh, with cash and cash equivalents increasing to ₹261.33 lakh from ₹177.61 lakh. The company also holds fixed deposits worth ₹108.11 lakh.

Mr. Pradeep Chordia, Chairman & Managing Director, retires by rotation at the upcoming Annual General Meeting scheduled for September 26, 2026, and offers himself for reappointment. The meeting will be held via video conferencing.

Chordia Food Products Limited has disclosed a significant increase in the shareholding of investor Ameetsingh Ajitsingh Rajpal, whose stake in the company rose to 8.41% following an open market acquisition. The transaction, executed on July 15, 2026, involved the purchase of 1,39,751 equity shares, pushing his total holding beyond the 5% threshold limit specified under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company received the formal disclosure from Mr. Rajpal on July 30, 2026, and submitted it to the Bombay Stock Exchange on August 1, 2026.

The acquisition was made entirely through open market purchases, as indicated in the regulatory filing. Prior to this transaction, Mr. Rajpal held 1,99,081 shares, representing 4.94% of the total paid-up equity share capital. The additional 1,39,751 shares added to his portfolio brought his total voting rights to 3,38,832 shares. There were no encumbrances, pledges, or liens associated with these holdings, nor were there any warrants or convertible securities involved in the transaction.

Shareholding Structure Details

The following table outlines the changes in Mr. Rajpal's shareholding position before and after the acquisition:

Regulatory Compliance

The disclosure was filed pursuant to Regulation 29(1) of the SEBI (SAST) Regulations, 2011, which mandates investors to inform the listed entity upon crossing specific shareholding thresholds. Chordia Food Products Limited, represented by Company Secretary Vipul Ravindra Gujar, confirmed receipt of the disclosure and subsequently intimated the fact to BSE Limited under Regulation 29(3) of the same regulations. The company’s total paid-up equity share capital remained unchanged at 40,28,252 shares of ₹10/- each both before and after the acquisition.

Mr. Rajpal is not part of the promoter or promoter group of Chordia Food Products Limited. The filing confirms that the acquired shares carry full voting rights and are free from any encumbrances such as pledges or liens. The total diluted share/voting capital of the target company stands at 40,28,252 shares of ₹10/- each.