Oceanic Foods Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter and year ended March 31, 2026. The certificate was filed through the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited.

Regulatory Filing Details

The compliance certificate was submitted to BSE Limited on April 7, 2026, by Chairman and Managing Director Ajesh Vinodrai Patel. The filing confirms adherence to SEBI's depositories regulations for the fourth quarter of fiscal year 2026.

MUFG Intime Confirmation

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, issued the confirmation certificate on April 3, 2026. The registrar confirmed that securities received from depository participants for dematerialization during Q4FY26 were processed according to prescribed timelines and regulatory requirements.

Compliance Confirmation

The certificate confirms that all securities received for dematerialization were properly verified, with security certificates mutilated and cancelled after due verification by depository participants. The registrar also confirmed that depositories' names were substituted in the register of members as registered owners within prescribed timelines.

Company Information

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

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.