Dr. Nikhil Kelkar, Joint Managing Director of Hexagon Nutrition , acquired 10,000 equity shares in the company through open market transactions on September 16, 2026. The acquisition increases his total holding to 2,12,42,468 shares.

The purchase was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was submitted to the National Stock Exchange of India Limited and BSE Limited on September 17, 2026.

Holding Details

Prior to this transaction, Dr. Kelkar held 2,12,32,468 shares, representing 17.27% of the total voting capital. None of these shares were encumbered by pledge or lien.

The post-acquisition holding stands at 17.28% of the total share capital. The total diluted share/voting capital of the target company remains unchanged at 12,29,18,109 shares.

Hexagon Nutrition has scheduled its 33rd Annual General Meeting for September 22, 2026, alongside reporting its strongest-ever financial performance for FY2025-26, with consolidated profit after tax rising 56% year-on-year to ₹379.37 million.

The company has also intimated the distribution of web-links for its Integrated Annual Report to members without registered email addresses, ensuring access to the notice convening the AGM and the annual report for FY26.

FY26 Financial Highlights

The company's consolidated revenue from operations grew 17.8% year-on-year to ₹3,826.28 million in FY2025-26, compared to ₹3,249.29 million in FY2024-25. Profitability expanded well ahead of revenue, with EBITDA rising 32.0% to ₹529 million and EBITDA margin widening to 13.8% from 12.3% in the prior year. PAT margin improved to 9.9% from 7.5%.

On a standalone basis, revenue from operations stood at ₹3,191.20 million versus ₹2,674.47 million in FY2024-25, with standalone PAT at ₹381.48 million compared to ₹269.69 million.

Segment Performance

The company operates across three segments. The branded nutrition (B2C) segment delivered year-on-year growth of 23.74%, crossing the ₹1,000 million mark. The premix formulations (B2B2C) segment grew 31% overall, with domestic premix up 44.06% and export premix up 24.87%. The ESG segment declined 16.51% due to delays in tender releases.

Export revenue contributed approximately 57% of total FY26 revenue, with the company exporting to 80+ countries across five continents.

IPO Listing and Corporate Developments

Hexagon Nutrition listed on the NSE and BSE on June 12, 2026, through a 100% Offer for Sale of 3,08,59,704 equity shares at an issue price of ₹45 per share, aggregating to ₹138.87 crore. The IPO was subscribed 53.68 times overall, with the QIB portion subscribed 19.77 times, NII 161.49 times, and retail 26.85 times. The listing price was ₹48.25 per share on NSE and ₹48.00 per share on BSE.

During the year, Hexagon Nutrition (Exports) Private Limited was amalgamated with the company pursuant to an NCLT order dated January 14, 2026, with an appointed date of April 1, 2025.

Dividend and AGM Agenda

The Board has recommended a final dividend of ₹0.30 per equity share of face value ₹1 each for FY2025-26, subject to shareholder approval at the AGM. The record date for dividend eligibility is September 15, 2026, and the dividend payment date is between September 23, 2026 and October 22, 2026.

The 33rd AGM will be held on Tuesday, September 22, 2026 at 11:30 am (IST) through video conferencing. Key resolutions include adoption of financial statements, re-appointment of Dr. Nikhil Arun Kelkar as Joint Managing Director, declaration of the final dividend, appointment of Raghunath Sawant as Executive Director, revision in remuneration of executive directors, and alteration of the Articles of Association.

Members who have not registered their email addresses can access the Annual Report and AGM Notice via the web-link provided by the company. The exact path is Investors → Annual Report → Hexagon Nutrition Limited → Annual Report 2025-26 on the company website.

Key Financial Ratios

The company's R&D expenditure for FY26 stood at ₹18.35 million. Foreign exchange inflows were ₹1,498.79 million and outflows were ₹660.91 million during the year.