essex marine Limited has successfully exported a consignment of premium Frozen Headless Vannamei Shrimp to Japan, valued at approximately ₹3.85 crore. The shipment, comprising 46 tons of shrimp, was dispatched on June 30, 2026, reinforcing the company's presence in a market known for its stringent quality control systems. This development highlights the company's capability to meet rigorous international benchmarks for product quality, food safety, traceability, hygiene, processing, packaging, and cold-chain management required by Japanese food import regulations.

The export to Japan represents a significant milestone for Essex Marine Limited, as the country is globally recognized as one of the most discerning seafood markets. By satisfying the exacting requirements for entry into the Japanese market, the company demonstrates its ability to serve customers with products that meet high standards of quality, consistency, and reliability. This move aligns with the company's strategy to expand its export footprint amidst growing global demand for premium Indian seafood.

Shipment Details

The recent export activity involved the following key metrics:

Essex Marine Limited operates as an integrated player across the processed frozen fish and shrimp supply chain. With over 16 years of history, the company procures, processes, and distributes frozen fish and shrimp under the brand name "Essex" to markets including China, Europe, and Israel. The company also operates a dry and cold store facility in Kolkata for storing various frozen food items.

Essex Marine Limited held its Board of Directors meeting on May 15, 2026, at its registered office at 19, Pollock Street, Kolkata 700001, wherein the board considered and approved the audited standalone financial results for the half year and financial year ended March 31, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, M/s. Baid Agarwal Singhi & Co., Chartered Accountants (Firm Registration No.: 0326871E), issued an audit report with an unmodified opinion on the financial statements. The meeting commenced at 3:15 p.m. and concluded at 4:00 p.m., with the filing signed by Managing Director Debashish Sen (DIN: 02591346).

Financial Performance

Essex Marine delivered a strong financial performance for the full year ended March 31, 2026. Revenue from operations rose to ₹6,069.26 lakhs from ₹3,722.47 lakhs in the previous year, while total income grew to ₹6,470.90 lakhs from ₹4,001.19 lakhs. Net profit for the year stood at ₹637.34 lakhs, compared to ₹400.26 lakhs in the prior year. The following table presents the key financial metrics:

Segment Performance

Essex Marine operates across two reportable business segments: processing and selling of frozen fish, shrimps and vegetables (domestic, export, and job work), and income from cold and dry storage. For the full year ended March 31, 2026, the processing segment contributed revenue of ₹5,749.04 lakhs, up from ₹3,388.02 lakhs in the prior year, while the cold and dry storage segment generated ₹320.22 lakhs against ₹334.45 lakhs previously. Total segment profit before interest, tax, and unallocable items stood at ₹1,724.28 lakhs for FY26, compared to ₹1,552.52 lakhs in FY25.

Balance Sheet Highlights

As at March 31, 2026, total assets stood at ₹6,513.09 lakhs, compared to ₹4,616.24 lakhs as at March 31, 2025. Share capital increased to ₹1,526.20 lakhs from ₹1,100.00 lakhs, while reserves and surplus grew significantly to ₹2,479.32 lakhs from ₹471.84 lakhs. Cash and bank balances improved to ₹455.55 lakhs from ₹121.48 lakhs. Long-term borrowings declined to ₹1,095.54 lakhs from ₹1,637.57 lakhs, reflecting partial repayment during the year.

IPO Proceeds Utilisation

Essex Marine completed its initial public offer (IPO) of 42,62,000 equity shares of face value of ₹10 each at an issue price of ₹54 per share (including ₹44 security premium), raising total proceeds of ₹2,301.48 lakhs through a BSE SME IPO. The equity shares were listed on the BSE platform on August 11, 2025. As at March 31, 2026, the entire IPO proceeds of ₹2,301.48 lakhs have been fully utilised with no deviation or variation reported.

Auditor Appointments

At the same board meeting, the company also approved two key appointments for the financial year 2026-27. M/s. Meghna & Co., Chartered Accountants (FRN No. 332009E), a firm established in 2019 specialising in internal audit, financial accounting, IFRS reporting, and regulatory compliance, was appointed as Internal Auditor. M/s. M Shahnawaz & Associates, Practising Company Secretaries (M. No. 21427; CoP 15076), a firm established in 2015 with over 10 years of experience in corporate law compliance including SEBI regulations, FEMA, and the Companies Act, was appointed as Secretarial Auditor. Both appointments are effective May 15, 2026.