Oceanic Foods Limited has announced the resignation of its Company Secretary and Compliance Officer, Ms. Akanksha Akhilesh Srivastava, effective April 20, 2026. The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Ms. Akanksha Akhilesh Srivastava (ACS 45769) has tendered her resignation from the post of Company Secretary and Compliance Officer to pursue opportunities outside the organization. According to the company's filing dated April 2, 2026, she will continue in her role until the closing hours of April 20, 2026.

Regulatory Compliance

The company has fulfilled its disclosure obligations under SEBI regulations, providing comprehensive details about the key managerial personnel change. The disclosure includes the resignation letter and follows the guidelines specified in SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Resignation Letter Highlights

In her resignation letter dated April 1, 2026, Ms. Srivastava expressed gratitude for her tenure at Oceanic Foods Limited, describing it as both professionally rewarding and personally fulfilling. She acknowledged the support and cooperation extended by the Board of Directors and Senior Management during her service as Company Secretary and Compliance Officer.

Company Information

Oceanic Foods Limited, headquartered in Jamnagar, Gujarat, operates from its registered office opposite Brooke Bond Factory on Pandit Nehru Marg. The company holds various certifications including FSSAI, BRCGS, Star-K Kosher, Halal, and FDA approvals, reflecting its commitment to quality standards in food manufacturing.

Oceanic Foods Limited has delivered robust financial performance for the quarter ended December 31, 2025, demonstrating strong year-over-year growth across key financial metrics. The Gujarat-based dehydrated vegetables and herbs manufacturer reported significant improvements in profitability and revenue generation.

Board Meeting and Regulatory Compliance

The company's Board of Directors convened on February 4, 2026, from 11:00 AM to 12:15 PM to consider and approve the standalone and consolidated unaudited financial results. The meeting was chaired by Managing Director and Chairman Ajesh Vinodrai Patel, who communicated the outcomes to BSE Limited under Regulation 33 of SEBI listing requirements.

Quarterly Financial Performance

The company's Q3FY26 results showcase substantial growth momentum with net profit increasing by 37.8% year-over-year. Revenue performance also remained strong despite some sequential challenges.

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025, reinforced the company's strong operational performance with consistent growth across all major parameters.

Operational Highlights

The company maintained its focus on its core business segment of dehydrated vegetables and herbs production. Cost of materials consumed for the quarter stood at ₹2,058.62 lacs compared to ₹1,900.15 lacs in Q3FY25. Employee benefits expenses increased to ₹140.14 lacs from ₹112.22 lacs, reflecting business expansion activities.

Finance costs rose to ₹98.30 lacs in Q3FY26 from ₹62.24 lacs in the previous year quarter, while other expenses increased to ₹559.27 lacs from ₹449.73 lacs. Despite higher operational costs, the company maintained healthy profit margins through improved operational efficiency.

Regulatory and Compliance Updates

The company recognized an estimated additional expense of ₹4.96 lacs towards gratuity and leave encashment following the Government of India's notification of new Labour Codes on November 21, 2025. This impact relates to the revised definition of wages under the Labour Codes and remains subject to final rules and requisite approvals.

Corporate Structure Development

Oceanic Foods Limited incorporated a subsidiary, Oceanic Food Ingredients Limited, on September 1, 2025, with a 51% holding. The subsidiary's consolidated results are included in the company's consolidated financial statements, though it reported nil revenue and profit for the reporting period.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 4, 2026. The results have been subject to limited review by statutory auditors Kamlesh Rathod & Associates, who expressed an unmodified conclusion.