Chordia Food Products has scheduled its 44th Annual General Meeting for Saturday, September 26, 2026. The meeting will be held via video conferencing to adopt financial statements for FY26.

The Board of Directors has not recommended any dividend on equity shares for the financial year ended March 31, 2026. The book closure period runs from September 19 to September 26, 2026, inclusive.

Voting and Book Closure Details

Shareholders can cast their votes through remote e-voting. The cut-off date for recording voting entitlement is Friday, September 18, 2026, as per Section 108 of the Companies Act, 2013.

The e-voting window operates as follows:

• Start: Wednesday, September 23, 2026 at 9:00 am
• End: Friday, September 25, 2026 at 5:00 pm

Key Dates

The company confirmed that the book closure is solely for the purpose of the AGM. No dividend payout will accompany this meeting.

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.