Harrisons Malayalam Limited reported a 95.6% increase in net profit to ₹2,915.02 lakh for the year ended March 31, 2026, compared to ₹1,490.06 lakh in the previous year. Revenue from operations rose 4.9% to ₹53,908.42 lakh from ₹51,391.40 lakh in FY25, while total income grew 7.1% to ₹56,293.96 lakh. The company’s Board approved the audited financial results for the standalone and consolidated entities during a meeting held on May 25, 2026. The statutory auditors, M/s. Walker Chandiock & Co. LLP, issued an audit report with an unmodified opinion on the financial results.

For the quarter ended March 31, 2026, the company posted a profit after tax of ₹912.60 lakh, up from ₹519.25 lakh in the corresponding quarter of the previous year. Revenue for the quarter stood at ₹14,712.82 lakh. Earnings per share (basic and diluted) for the year increased to ₹15.80 from ₹8.07 in the prior year. The company disclosed that the audited financial results were published in the Financial Express and Deshabhimani newspapers on May 27, 2026, pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

Forensic Audit Findings

The Board approved the Forensic Audit Report submitted by internal auditors M/s. Suri & Co., Chartered Accountants. The investigation, conducted regarding estate-level payment transactions, identified instances of misappropriation of company funds in a few estates. The report revealed that certain junior-level employees manipulated and diverted payments intended for genuine workers or vendors to their own bank accounts or those of accomplices. Based on the procedures performed, no material instances of fraud were identified.

In response to the findings, the management has initiated necessary corrective and disciplinary actions against the involved persons. The company has commenced strengthening internal control mechanisms, including monitoring procedures at estate and head office levels, enhanced verification of beneficiary bank details, and tighter controls over the creation and modification of bank master data.

Financial Performance

The company’s core business segments include tea, rubber, and others. For the year ended March 31, 2026, the rubber segment generated revenue of ₹29,268.39 lakh, while the tea segment contributed ₹24,232.38 lakh. Total expenses for the year increased to ₹53,378.94 lakh from ₹51,083.07 lakh in the previous year. The company reported unabsorbed depreciation and carry forward losses, resulting in a tax expense of nil for the current and previous years.

The company noted that its current liabilities exceeded its current assets as at March 31, 2026. However, management stated that based on ageing of financial assets, expected cash flows, and sanctioned credit facilities, the company is capable of meeting its financial obligations as they fall due within a period of one year from the balance sheet date.

Harrisons Malayalam Limited has announced the appointment of Ms. Sandhya Gopi (Membership No. A62510) as Company Secretary and Compliance Officer of the Company, with effect from 08th May, 2026. The decision was approved by the Board of Directors at its meeting held on 08th May, 2026, based on the recommendation of the Nomination and Remuneration Committee, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 09:30 A.M. and concluded at 10:45 A.M.

Board Meeting Outcome

The Board took note of the resignation of Mr. Binu Thomas, who served as Company Secretary and Compliance Officer, with effect from the close of business hours on 18th April, 2026. The resignation details had been intimated to the Stock Exchanges vide letter dated 13th April, 2026. The following key decisions were approved at the Board meeting:

• Appointment of Ms. Sandhya Gopi (Membership No. A62510) as Company Secretary and Compliance Officer with effect from 08th May, 2026.
• Designation as Nodal Officer for liaising with the Investor Education and Protection Fund (IEPF) Authority.
• Designation as Nodal Person for ensuring effective two-way communication with Those Charged with Governance (TCWG) and the Audit Engagement Team (AET), as per NFRA Circular No. NF-25013/3/2025 dated January 07th, 2026.

Appointment Details

The key details of the appointment as required under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 are summarised below:

Profile of Ms. Sandhya Gopi

Ms. Sandhya Gopi (A62510) is a qualified Company Secretary with over seven years of experience in corporate secretarial compliance, regulatory affairs, and corporate governance. She also holds a postgraduate degree M.Com from Amity College of Commerce and Finance.

Her professional career spans several organisations in the financial and industrial sectors:

• KPB Nidhi Limited – Company Secretary, responsible for foundational secretarial and statutory compliance functions.
• Muthoot Capital Services Limited – Assistant Company Secretary, involved in secretarial compliances, board processes, and regulatory filings.
• Prima Industries Limited – Company Secretary and Compliance Officer, managing end-to-end statutory compliances and ensuring adherence to applicable regulatory requirements.
• Popular Vehicles and Services Limited – Deputy Company Secretary, with responsibilities including regulatory compliance management and coordination of board and committee meetings.

The disclosure has been made in accordance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015. The information has also been disclosed on the Company's website at www.harrisonsmalayalam.com .