DSM Fresh Foods Limited reported a 69% year-on-year increase in revenue from operations to ₹2,208 crore for the financial year ended March 31, 2026. The company also disclosed net profit after tax of ₹143 crore, up nearly 60% from the previous year.

The growth was primarily driven by a significant shift in channel mix towards institutional and HoReCa customers, which now account for 68% of total revenue compared to 48% in the first half of FY25. This expansion contributed to a rise in EBITDA margins to approximately 14% from 12.2% in FY25.

Financial Performance

While top-line growth was robust, gross margins contracted by 568 basis points to 29.2% from 34.8% in FY25. The company attributed this to higher raw material costs and mix shifts. Trade receivables turnover declined by 48.69% to 6.09 from 11.87, reflecting extended credit terms granted to key institutional clients.

Strategic Developments

The Board of Directors proposed several key resolutions at the upcoming Annual General Meeting scheduled for September 29, 2026:

• ESOP Scheme: Approval for the DSM Fresh Foods Limited Employees Stock Option Scheme-2026, granting up to 12 lakh stock options to eligible employees and group companies.
• Registered Office Shift: Proposal to shift the registered office from Delhi to Haryana to enhance administrative efficiency and reduce operational costs.
• Capital Restructuring: Reclassification of authorized share capital to facilitate future fundraising without increasing the overall limit.

What the Numbers Show

The divergence between rising revenue and contracting gross margins highlights the cost pressures associated with scaling the institutional channel. While the B2B segment provides volume stability, it operates on thinner margins compared to direct-to-consumer sales. The company’s strategy relies on operational leverage and backward integration in aquaculture to restore margin expansion in subsequent years.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0SUM01015/4b7dd3ec-77d5-4585-9ad3-fd9a12ca5fd3.pdf

DSM Fresh Foods has fixed its 11th Annual General Meeting for September 29, 2026, with the register of members closing from September 23 to September 29. The company also announced the e-voting window and cut-off date for shareholders.

The board of directors approved these key decisions during its meeting held on September 3, 2026. The AGM will be conducted through Video Conferencing or Other Audio Visual Means at 3:00 pm IST.

Voting Schedule and Book Closure

The company has fixed Tuesday, September 22, 2026, as the cut-off date to determine shareholder entitlement for voting. This is pursuant to Section 108 of the Companies Act, 2013 and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Remote e-voting via CDSL will commence on Saturday, September 26, 2026, at 9:00 am and end on Monday, September 28, 2026, at 5:00 pm IST.

Registered Office Shift

The board approved moving the registered office from the National Capital Territory of Delhi to the State of Haryana. This change requires a special resolution by shareholders and approval from the Central Government via the Regional Director. The move involves amending Clause II of the Memorandum of Association.

Capital Restructuring

The company reclassified its authorised share capital to consist entirely of equity shares. The new structure comprises 2,50,00,000 equity shares of ₹10 each, aggregating to ₹25,00,00,000. This replaces the previous mix of equity shares and compulsorily convertible preference shares. Shareholder approval is required for this amendment.

Employee Stock Option Scheme

The board approved the DSM Fresh Foods Limited Employee Stock Option Scheme -2026. Key details include:

• Maximum Options: Up to 12,00,000 employee stock options.
• Exercise Price: Equal to market price on the relevant date, not less than face value.
• Vesting: Maximum exercise period of four years from vesting.
• Compliance: In line with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Shareholder approval will be sought at the 11th Annual General Meeting.

Related Party Transaction

The board approved a revision in remuneration payable to Ms. Priya Aggarwal, Director & Promoter of DSM Fresh Foods Limited. She holds an office of profit as a Director in Avyom Foodtech Private Limited, a subsidiary company. This transaction requires shareholder approval under Section 188 of the Companies Act, 2013.

AGM Schedule

The Eleventh Annual General Meeting is scheduled for Tuesday, September 29, 2026, at 3:00 pm. The meeting will be conducted through Video Conferencing or Other Audio Visual Means. The trading window remains closed until September 5, 2026, pursuant to SEBI insider trading regulations.