Desi Farms India Limited reported a narrowed net loss of ₹0.24 lakh for the financial year ended March 31, 2026, significantly improving from a net loss of ₹38.82 lakh in the previous year. The company's total revenue for FY26 increased to ₹88.69 lakh, up from ₹49.37 lakh in FY25, driven by higher revenue from operations and other income. The Board of Directors approved the audited financial results at a meeting held on July 03, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a net loss of ₹43.59 lakh, compared to a net loss of ₹18.73 lakh in the same quarter of the previous year. Revenue from operations for the quarter stood at ₹20.48 lakh, while other income contributed ₹9.48 lakh. Total expenses for the quarter were ₹59.68 lakh, primarily attributed to other expenses amounting to ₹59.66 lakh.

On an annual basis, revenue from operations grew to ₹55.30 lakh from ₹46.73 lakh in the prior year. Other income surged to ₹33.39 lakh in FY26 from ₹2.64 lakh in FY25. Total expenses for the year decreased slightly to ₹84.53 lakh from ₹86.08 lakh in the previous year.

Balance Sheet and Cash Flows

The company's total assets as of March 31, 2026, stood at ₹72.01 lakh, a significant increase from ₹30.37 lakh in the previous year. This rise was driven by a substantial increase in other current assets, which reached ₹43.23 lakh, and cash and cash equivalents, which grew to ₹20.21 lakh. Total current liabilities increased to ₹66.79 lakh, largely due to other current liabilities of ₹65.02 lakh.

Cash and cash equivalents at the end of FY26 were ₹20.21 lakh, compared to ₹5.57 lakh at the end of FY25. Net cash generated from operating activities for the year was ₹0.50 lakh, while investing activities provided a net inflow of ₹39.83 lakh, primarily from the sale of investments. Financing activities resulted in a net outflow of ₹23.00 lakh due to loan repayments.

Auditor's Report and Key Disclosures

M/s. A N K H & Associates, Statutory Auditors, issued an audit report with an unmodified opinion. However, the auditors drew attention to several emphasis of matter paragraphs. The entire management team changed during the financial year as part of a strategic reorganization, though operations continue on a going concern basis.

The company claimed an expenditure of ₹50,00,000 towards stamp duty and Form SH-7 filing fees as revenue expenditure, relying on a judicial precedent, despite potential contrary interpretations by tax authorities. Additionally, all remaining employees separated from the company during the year, leading to the reversal of the unutilized provision of ₹5 hundred for retirement benefits. Consequently, the company has zero active headcount on its payroll as of March 31, 2026.

The auditor also noted a non-compliance with Regulation 6 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, regarding the filling of a vacancy for the Company Secretary and Compliance Officer. This was rectified on June 22, 2026, with the appointment of a new officer. Furthermore, the company used accounting software for the financial year that did not have the feature of recording an audit trail (edit log) facility.

Financial Results Summary

Desi Farms India Limited has adjourned the board meeting scheduled on June 26, 2026, citing the need for additional information and deliberations. The meeting was originally convened to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026. The delay impacts the timeline for the release of the company's annual financial performance.

The board meeting commenced as scheduled on June 26, 2026, but could not proceed to a conclusion. Consequently, the directors decided to defer the proceedings to a later date. The company stated that the meeting will be reconvened on a date to be decided subsequently to finalize the approval of the financial statements.

The revised date for the adjourned board meeting will be intimated separately to the stock exchanges in due course. The company confirmed that this announcement will be made in accordance with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Following the adjournment, the company also clarified the status of the trading window for insiders. The window will remain closed and will open 48 hours after the financial results for the financial year ended March 31, 2026 become generally available information. This measure is intended to prevent insider trading during the sensitive period surrounding the results announcement.

The intimation regarding the adjournment was submitted to BSE Limited on June 26, 2026. The letter was signed by Sunil Kumar Shahi, Managing Director of Desi Farms India Limited.