Foods & Inns Limited Chief Financial Officer Mr. Anand Krishnan has resigned from his position citing personal and professional reasons, effective from the close of business hours on June 30, 2026. The Board of Directors accepted the resignation after due discussions, marking a notable change in the company's key managerial personnel structure.

Mr. Krishnan tendered his resignation on April 27, 2026, expressing his desire to pursue the next chapter of his professional journey. During his tenure, the company noted significant progress across strategic initiatives, fund raising, business transformation, operational efficiency, digital transformation initiatives, market expansion, investor communications, and policy advocacy.

The company confirmed that Mr. Krishnan will remain fully committed to ensuring a smooth transition and will extend all necessary support during the handover process. The Management, on behalf of the Board of Directors, placed on record their appreciation for Mr. Krishnan's commitment and contributions to the company's growth journey.

The disclosure was made to the stock exchanges pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the resignation details have been disseminated to the members and investors of the company.

Resignation Details

The key details of Mr. Krishnan's resignation are summarised below:

Foods & Inns Limited has filed the transcript of its earnings conference call held on June 2, 2026, to discuss the audited financial results for the quarter and fiscal year ended March 31, 2026. The disclosure was made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transcript provides a detailed account of the management's discussion on financial performance, operational outlook, and strategic initiatives.

The submission was confirmed by Ameya Tulshidas Masurkar, Company Secretary & Compliance Officer, via a regulatory filing dated June 4, 2026. Management addressed challenges faced during FY26, including lower realizations due to raw material cost pass-throughs, temporary disruptions in export markets, and lower tomato processing volumes. Despite these, the company reported strong momentum in frozen foods, with volume growth of approximately 28% during the year.

Operational Outlook and Guidance

Looking ahead to FY27, the company has guided for an overall volume growth of approximately 18%. This growth is expected to be driven primarily by the frozen segment and the new Tetra Recart packaging solution. Confirmed orders for Tetra Recart currently stand at 400 metric tons, valued at around ₹8 crores, with expectations of reaching approximately ₹20 crores in business during FY27. The company is also expanding its spray drying line capacity by 120 metric tons per annum.

Financial and Strategic Highlights

A key milestone during the quarter was the receipt and recognition of the FY25 Production Linked Incentive (PLI) of ₹33.86 crores. Management noted that borrowings have decreased to ₹411 crores from ₹427 crores in the previous year. The company continues to focus on reducing debt and improving free cash flow through better capacity utilization and working capital management.

Sustainability and Expansion

The company strengthened its sustainability initiatives with additional solar installations at its Vankal and Gonde facilities. These installations, with a capacity of 1,300 kWp each, have a payback period of less than 3 years. Furthermore, commercial production for the pectin project has commenced, with management targeting 50% capacity utilization in the current year to generate approximately ₹7 crores to ₹8 crores in revenue.

Corporate Information

The filing was submitted from the company's corporate address located at J. N. Heredia Marg, Hamilton House, 3rd floor, Ballard Estate, Mumbai - 400038. Foods & Inns Ltd. is registered at Udyog Bhavan, 2nd Floor, 29 Walchand Hirachand Marg, Ballard Estate, Mumbai 400038.