dsm fresh foods reported a revenue of ₹22,230.93 lakh and a profit of ₹1,436.78 lakh for the financial year ended March 31, 2026. The company re-submitted its audited financial results to the stock exchange to correct clerical errors in the initial filing, which involved omitted declarations and an unsigned document.

The Board of Directors approved the financial results on May 27, 2026. The company informed BSE Limited that during the process of compiling and uploading documents, declarations relating to both Standalone and Consolidated Financial Results were inadvertently omitted. Additionally, an unsigned copy of the Consolidated Financial Results was uploaded instead of the signed version. The company stated these errors were purely clerical and did not affect the financial results approved by the Board.

The statutory auditors, M/s. KRA & Co., issued an unmodified opinion on the Standalone and Consolidated Financial Statements. The audit report highlighted the utilisation of IPO proceeds as a key audit matter, noting the company raised funds aggregating ₹59.06 Crores during the year. The auditors verified the utilisation of proceeds against the objects stated in the prospectus and confirmed compliance with regulatory requirements for the temporary deployment of unutilised funds.

For the year ended March 31, 2026, the company reported a total revenue of ₹22,230.93 lakh, compared to ₹13,147.48 lakh in the previous year. Profit for the period stood at ₹1,436.78 lakh, up from ₹902.76 lakh in FY25. The earnings per share (EPS) on a basic and diluted basis was ₹7.48 for FY26.

Financial Performance

The following table outlines the key financial metrics for DSM Fresh Foods for the year ended March 31, 2026, compared to the prior year.

IPO Proceeds Utilisation

The company received gross proceeds amounting to ₹5,906.40 lakhs from the fresh issue of equity shares under the Initial Public Offering (IPO) on October 7, 2025. The proposed utilisation of these funds included capital expenditure, marketing expenditure, working capital requirements, and general corporate purposes.

The auditors also noted non-compliance with Section 185 of the Companies Act, 2013, regarding unsecured advances granted to directors during the year. Advances were granted to Mr. Deepanshu Manchanda, Managing Director, and Mrs. Priya Agarwal, Director. The company has neither declared nor paid any dividend during the year.

dsm fresh foods has identified a potential ₹40 crore annual revenue opportunity through the expansion of its aquaculture sourcing network following its participation at Aqua Ex North East 2026. The company is evaluating the onboarding of approximately 1,200 fish farmers under its Fish Farmer Producer Group (FPG) framework. At maturity, this proposed network has the potential to support annual fish procurement volumes of approximately 2,500 tonnes, strengthening the company's backward integration efforts within the seafood value chain.

The strategic assessment follows extensive engagements with fisheries departments, policymakers, aquaculture experts, distributors, and industry associations across the North-East region. Management is currently evaluating several opportunities that emerged from the event and expects approximately 3–4 strategic partnerships and Memorandums of Understanding (MoUs) to materialize from ongoing engagements. These collaborations are intended to strengthen sourcing capabilities, improve market access, and support the company's long-term aquaculture growth strategy.

The North-East region is viewed as a key growth driver due to its favourable farming conditions, abundant water resources, and strong fish consumption patterns. DSM Fresh Foods' growth strategy focuses on a partnership-led and asset-light model centered on farmer aggregation, sourcing partnerships, and ecosystem collaboration rather than direct farming investments. This approach aims to expand procurement capabilities while maintaining capital discipline.

Key Projected Metrics

Commenting on the development, Mr. Deepanshu Manchanda, Promoter & Managing Director, DSM Fresh Foods Limited, stated that the North-East represents one of India's most promising aquaculture regions. He noted that the encouraging response to their farmer aggregation model and the strategic partnerships currently under discussion reinforce the company's confidence in the long-term potential of the region. The company remains focused on building a scalable, efficient, and sustainable aquaculture ecosystem that strengthens sourcing capabilities while creating value for farmers, customers, and shareholders.

These opportunities are presently under evaluation and remain subject to the completion of commercial discussions, execution of definitive agreements, fulfilment of applicable approvals, and other customary conditions. Consequently, there can be no assurance regarding the timing or successful implementation of the proposed initiatives.