Sundrop Brands Limited has scheduled its 39th Annual General Meeting (AGM) for Wednesday, August 26, 2026, to be conducted through Video Conferencing or Other Audio Visual Means. The company is currently dispatching physical letters to members who have not registered their email addresses with the company, its Registrar to an Issue and Share Transfer Agent (RTA), KFin Technologies Limited, or its Depository Participants (NSDL/CDSL). These letters provide essential web-links and QR codes allowing these shareholders to access the Annual Report for the Financial Year 2025-26 and the notice for the upcoming meeting.

The intimation was issued on July 31, 2026, by Kavita, Company Secretary and Compliance Officer, citing compliance with Regulation 30 read with Schedule III Part A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the dispatch adheres to Regulation 36(1)(b) of the Listing Regulations, which mandates physical communication for shareholders without registered digital contact details. Shareholders with registered email addresses have already received the documents electronically under Regulation 36(1)(a).

Key Dates for Shareholders

Shareholders must note specific deadlines regarding e-voting and the meeting schedule to ensure their participation rights are preserved. The remote e-voting process will commence on Saturday, August 22, 2026, at 9:00 A.M. (IST) and conclude on Tuesday, August 25, 2026, at 5:00 P.M. (IST). The cut-off date for determining eligibility for e-voting is Wednesday, August 19, 2026.

Accessing Corporate Documents

For shareholders receiving the physical letter, the company has provided a direct web-link and a QR code to view the Annual Report 2025-26 and the 39th AGM Notice. The documents can also be accessed via the company’s website under the path: Investor Relations > Annual Report > Financial Year 2025-26. Furthermore, the documents are available on the websites of the stock exchanges where the equity shares are listed: BSE Limited and National Stock Exchange of India Limited.

What This Means for Investors

The procedural shift towards digital communication, mandated by SEBI regulations, requires shareholders to ensure their contact details are updated with their Depository Participants or the RTA to avoid reliance on postal mail. For those unable to update details in time, the physical letter serves as a critical bridge, ensuring equitable access to financial disclosures and voting materials. Failure to register an email address may result in delayed receipt of future corporate communications, highlighting the importance of maintaining current KYC and contact information with market intermediaries.

Sundrop Brands Limited (formerly known as Agro Tech Foods Limited) has filed its Annual Report for FY 2025-26 with the stock exchanges and convened its 39th Annual General Meeting (AGM) scheduled for Wednesday, August 26, 2026, at 11:00 AM (IST) through Video Conferencing/Other Audio-Visual Means. The company reported a significant turnaround on a standalone basis, posting a net profit of ₹20.88 crores against a net loss of ₹110.72 crores in the previous year, aided by improved operational performance and the absence of exceptional impairment charges that had weighed on the prior year.

Financial Performance Overview

The following tables summarise the company's standalone and consolidated financial performance for FY 2025-26 versus FY 2024-25.

Standalone Statement of Profit and Loss

Consolidated Statement of Profit and Loss

The consolidated financial results include the results of the company and its wholly-owned subsidiaries: Sundrop Foods India Private Limited, Agro Tech Foods (Bangladesh) Pvt. Ltd., Sundrop Foods Lanka (Private) Limited, Del Monte Foods Private Limited, and Del Monte Foods India (North) Private Limited. The company acquired 100% equity shares of Del Monte Foods Private Limited (DMFPL) on February 6, 2025. DMFPL contributed a consolidated revenue of INR 667.14 crores for the financial year ended March 31, 2026, compared to INR 104.44 crores for the two months (February and March 2025) in the prior year, making the consolidated figures not directly comparable.

Key Financial Ratios and Return on Net Worth

The company's key financial ratios for FY 2025-26 versus FY 2024-25 are presented below.

Over a six-year period, the company delivered a foods revenue CAGR of 8.6%. During FY 2025-26, this trajectory accelerated, with revenue growth of 11%. Gross Margin for FY 2025-26 increased by INR 54 crores over the previous year, driven entirely by the Foods business.

Business Performance by Category

The Foods portfolio accounted for 60% of the company's revenue and 70% of Gross Margin during FY 2025-26. Key category highlights include:

• Ready to Cook (RTC) Snacks: Value growth of 9% versus the previous financial year; e-commerce channel grew at 52%.
• Ready to Eat (RTE) Snacks: Volumes increased by 21% and value by 35%; Gross Margins expanded by 4 times compared to the previous year.
• Spreads & Dips: Volume decline of 10% and value decline of 7% during the year amid heightened competitive intensity.
• Breakfast Cereals: Modest volume growth of 1% and value growth of 8%; Gross Margins expanded by over 5.5 times during the year.
• Chocolates: Volume decline of 70% and value decline of 67% following a decision to cease further investments in this category.
• Premium Staples (Edible Oils): Volume growth of 2% and value growth of 16% on a full-year basis; Gross Margins for the category declined by 9% compared to the previous year.
• Mass Edible Oils/Staples: Volume decline of 21% and revenue decline of 6% in line with strategic intent to moderate exposure.

Advertising and Promotion (A&P) expenditure increased by 25% during the year. The company's direct retail coverage stood at 493,000 outlets across India, with approximately 3,75,000 outlets being tracked on a mobile app.

Dividend and Capital Allocation

The Board of Directors has not recommended any dividend for the financial year ended March 31, 2026. The company stated it is strengthening its cash position to capitalise on identified high-potential opportunities across both organic and inorganic avenues, including investments in capacity expansion, brand development, product innovation, and selective strategic acquisitions.

AGM and Corporate Actions

The 39th AGM agenda includes adoption of audited standalone and consolidated financial statements for FY 2025-26, re-appointment of Mr. Ramit Bharti Mittal (Non-Executive Director) and Mr. Nitish Bajaj (Group Managing Director) who retire by rotation, and ratification of remuneration of INR 2,00,000/- (Indian Rupees Two Lakhs only) payable to M/s. Vajralingam & Co. (FRN 101059) as Cost Auditors for FY 2026-27. The cut-off date for determining eligible voters is August 19, 2026, and the Register of Members and Share Transfer Books will remain closed from August 20, 2026 to August 26, 2026 (both days inclusive). Remote e-voting will commence at 9:00 AM on August 22, 2026 and end at 5:00 PM on August 25, 2026.

Promoter Shareholding and ESOP

During FY 2025-26, promoter CAG-Tech (Mauritius) Limited acquired an additional 18,81,073 equity shares through an off-market transaction on December 23, 2025, increasing its shareholding from 1,27,85,363 equity shares (33.92%) to 1,46,66,522 equity shares (38.91%) as at March 31, 2026. As of March 31, 2026, the total outstanding options under the ESOP Scheme 2024 were 14,47,911 options. The company's CSR obligation of INR 24,12,000/- for FY 2025-26 was transferred to the Prime Minister's National Relief Fund in March 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE209A01019/118ffec6-6e65-401e-8b2a-671c9bb7190c.pdf