SKM Egg Products Export (India) Ltd has restructured its Board of Directors following the cessation of Mr SKM Maeilanandhan as Director. The company announced that Mr SKM Maeilanandhan ceased to be a Director with effect from the close of business hours on June 24, 2026, upon completion of his term of office. Consequently, he stepped down from the Board effective June 25, 2026. In recognition of his contributions, the Board has approved his appointment as Chairman Emeritus, subject to the approval of shareholders for the requisite amendment to the Articles of Association.

Mr SKM Shree Shivkumar, the Managing Director of the company, has been appointed as the Chairman of the Board of Directors effective June 25, 2026. Following this appointment, his designation has been re-designated to "Chairman & Managing Director (CMD)" from the same date. The company clarified that there is no change in his existing terms of appointment, tenure, remuneration, powers, and responsibilities as Managing Director.

The changes were approved during a Board meeting held on June 24, 2026. The meeting commenced at 4.00 p.m. and concluded at 4.20 p.m. The disclosures regarding the change in directors were made in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Change in Directors

The following table details the changes in the directorship positions:

SKM Egg Products Export has reported a robust financial performance for the year ended March 31, 2026, with significant growth in both revenue and profitability. The company's board approved the audited financial results for the fiscal year, alongside strategic decisions aimed at expanding operational capacity and strengthening its market position. During an investor conference call held on May 22, 2026, management outlined a vision to achieve a turnover of ₹1,000 crore by 2030, driven by capacity expansion and backward integration.

FY26 Financial Performance

The company recorded a 58% year-on-year increase in revenue from operations, which rose to ₹7.67 billion for FY26 from ₹4.93 billion in the previous year. Profitability metrics demonstrated a substantial turnaround, with Profit Before Tax (PBT) surging by 325% to ₹1.36 billion. Net profit for the year stood at ₹1.02 billion, marking the first time the company crossed the ₹100 crore mark in profit after tax.

The following table summarises the key financial metrics for the full year:

For the quarter ended March 31, 2026, revenue from operations was reported at ₹1.97 billion, while net profit for the quarter stood at ₹317 million. The company's EBITDA for the quarter was ₹513 million, with an EBITDA margin of 27.50%.

Expansion and Capital Expenditure

To support its growth trajectory, SKM Egg Products Export has commenced a capital expenditure programme with a total outlay of ₹403 crore. A central pillar of this initiative is a fivefold increase in layer bird capacity — from 5 lakhs to 20 lakhs birds — through the construction of new Environment Controlled (EC) sheds. The expansion is expected to increase egg production capacity from 13.50 crore eggs to approximately 62 crore eggs. Additionally, the company plans to build a new feed mill and enhance its bio-gas operations as part of the same programme.

The following table outlines the key parameters of the expansion plan:

The new plant is expected to produce 11.8 tonnes per day of nutrient-rich organic manure, adding a value-accretive by-product stream to the expanded operations. The project will be financed through a term loan of ₹3.02 billion, with the remaining amount met from internal accruals. The capex is also eligible for an interest subvention subsidy of 3% on the interest paid on the term loan. Management indicated that the investment is targeted towards bottom-line growth by reducing procurement costs, with the project expected to be completed by 2028-29.

Strategic Acquisition

The board has approved the acquisition of a 74% stake in SKM Universal Marketing Company (India) Private Limited for a total consideration of ₹27.75 crore. This transaction, classified as a related party transaction, is intended to secure strategic investment and synergy benefits. The acquisition will increase the company's shareholding in the associate to 100% upon completion, which is expected within two months. The target entity operates in the branded egg and wind energy divisions. Management noted that the takeover would bring the windmill division, offering substantial savings and banking facilities, and the branded egg division back into the listed entity to focus on growth.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE411D01023/3dafab98e1604379.pdf