Pajson Agro India Limited has appointed Mr. Vu Thai Son as Strategic Advisor to accelerate its global growth strategy, effective immediately. The appointment aims to leverage Mr. Son's three decades of experience in the global cashew industry to enhance the company's sourcing, processing, and quality management capabilities. This strategic move is designed to strengthen Pajson Agro's position as a vertically integrated cashew enterprise and capitalize on opportunities in domestic and international markets.

Mr. Vu Thai Son is recognized as a pioneer of Vietnam's modern cashew sector. He began his career in 1991 with Vinalimex, the Vietnamese government organization overseeing the cashew industry, and founded Long Son Joint Stock Company in 2000. Currently, Long Son ranks among the world's largest cashew processors, exporting approximately 170 containers monthly. Additionally, Mr. Son serves as Chairman of the Binh Phuoc Cashew Association, a region responsible for nearly 70% of Vietnam's cashew exports.

Strategic Engagement

Under the engagement, Mr. Son will advise Pajson Agro on critical aspects of the global cashew industry. His advisory role encompasses supply chain dynamics, raw cashew nut procurement, processing methodologies, and grading standards. The scope also includes quality control measures, industry best practices, buyer expectations, packaging standards, market intelligence, and regulatory developments impacting global trade.

Financial Performance

For FY26, Pajson Agro reported a total income of ₹256.92 crore. The company achieved an EBITDA of ₹37.82 crore and a Profit After Tax (PAT) of ₹24.78 crore. These results reflect the company's operational efficiency and its focus on scaling its integrated cashew processing platform.

Management Commentary

Mr. Aayush Jain, Promoter, Chairman & Managing Director, expressed confidence that Mr. Son's expertise will be invaluable in strengthening the company's integrated platform. He noted that the strategic insights would help enhance operational efficiencies and elevate quality standards. Mr. Pulkit Jain, Promoter & Non-Executive Director, added that the association comes at a crucial stage of the company's growth journey, providing guidance to strengthen the sourcing and processing ecosystem.

Company Overview

Pajson Agro India Limited sources raw cashews from key African producing countries, including Ghana, Ivory Coast, and Nigeria, and processes them at its modern automated facility. The company markets packaged dry fruits under its consumer brand, Royal Mewa, and derives value from by-products such as cashew husk and shells. It was listed on the BSE SME platform in December 2025.

Pajson Agro India Limited announced its standalone audited financial results for the financial year ended March 31, 2026. The company reported a robust financial performance with significant growth in both revenue and profitability, driven by strong institutional demand and a successful BSE SME listing in December 2025. Subsequently, the company also filed a corrigendum with BSE regarding the audio recording link of its FY26 earnings conference call held on May 8, 2026.

Full-Year Financial Performance

The company delivered a notable improvement in its annual financial performance, with total income rising by 37.18% to ₹256.92 crore from ₹187.28 crore in the previous year. Net profit after tax increased by 21.45% to ₹24.78 crore, compared to ₹20.41 crore in the previous year. EBITDA for the year stood at ₹37.82 crore, up 24.99% year-on-year.

Segment and Revenue Mix

For FY26, the company's revenue was diversified across various channels. Distributors contributed 65.21% to the revenue mix, while institutions accounted for 33.96%. Miscellaneous revenue comprised the remaining 0.83%. Geographically, Delhi was the largest revenue contributing state at 24.76%, followed by Maharashtra at 13.40% and Rajasthan at 12.94%.

Half-Year Performance Breakdown

For the half year ended March 31, 2026 (H2 FY26), the company reported total income of ₹138.54 crore and a net profit of ₹10.57 crore. In comparison, H2 FY25 recorded a total income of ₹100.85 crore and a net profit of ₹9.70 crore.

Management Commentary

Mr. Aayush Jain, Promoter, Chairman & Managing Director, described FY26 as a defining year highlighted by the BSE SME listing and strong scale-up across the cashew value chain. He noted that demand remains strong across food brands, wholesalers, and HoReCa players. The company plans to expand capacity from 18,000 MTPA to 55,000 MT to serve larger customers and improve scale efficiencies. Mr. Pulkit Jain, Promoter & Non-Executive Director, added that the company is seeing encouraging traction for its consumer brand 'Royal Mewa' and remains optimistic about the large and underpenetrated opportunity in the cashew industry.

Corrigendum: FY26 Earnings Conference Call Audio

Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Pajson Agro India filed a corrigendum with BSE Limited on May 9, 2026, relating to the audio recording of its FY26 earnings conference call held on May 8, 2026. The company clarified that the original audio link submitted to BSE was verified and functioning correctly at the time of filing; however, a technical glitch during uploading or publishing on the BSE website caused the link to not redirect to the correct webpage. The corrected audio recording of the earnings conference call is now available on the company's website.