Sunil Agro Foods Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹39.71 lakh compared to a net loss of ₹109.43 lakh in the previous year. The turnaround was driven by a 14.8% reduction in total expenses, which fell to ₹19,710.01 lakh from ₹23,240.36 lakh in FY25, even as revenue from operations declined 14.8% to ₹19,512.99 lakh. The board approved the audited financial results for the fourth quarter and financial year ended March 31, 2026, during a meeting held on May 27, 2026.

The statutory auditors, GRV & PK Chartered Accountants, issued a qualified opinion on the standalone financial results. The qualification arose because the company did not make provisions for a bad debt of ₹97.57 lakh related to a debtor, Maiyas Beverage and Foods Private Limited, which was referred to the National Company Law Tribunal (NCLT). The auditors noted that as per the NCLT order, only 15.14% of the amount is payable to creditors, implying the company's profit and sundry debtors are overstated by ₹97.57 lakh. Additionally, the auditors drew attention to outstanding debtors of ₹88.90 lakh for over a year and ₹377.23 lakh for over three years, for which no provision has been made as the company is confident of recovery.

For the quarter ended March 31, 2026, the company reported a net profit of ₹21.98 lakh, a significant increase from the ₹4.99 lakh recorded in the same period last year. Revenue from operations for the quarter stood at ₹4,497.84 lakh, down from ₹5,949.27 lakh in the corresponding quarter of the previous year. Total expenses for Q4FY26 were contained at ₹4,539.83 lakh compared to ₹6,009.61 lakh in Q4FY25. The basic and diluted earnings per share (EPS) for FY26 improved to ₹1.32 against a negative EPS of ₹3.64 in FY25.

The board also approved the re-appointment of Mr. Pramod Kumar Jain as Whole Time Director designated as Chief Executive Officer for a further period of three years effective from November 01, 2026, subject to shareholder approval. Additionally, the board took note of the resignation of Mr. B Shantial, Managing Director, effective from the close of business hours on May 27, 2026, due to advancing age. The board authorized the Chief Executive Officer to fix the date, time, and venue for the 37th Annual General Meeting (AGM) along with the record date and book closure dates.

The financial results include an exceptional item of ₹10.20 lakh, representing the incremental liability arising from the implementation of new Labour Codes notified by the Government of India. The company assessed that the enactment resulted in an increase in gratuity and leave liabilities, classifying this non-recurring impact as an exceptional item. The cash and cash equivalents as of March 31, 2026, stood at ₹30.87 lakh, a slight decrease from ₹45.92 lakh in the previous year.

Sunil Agro Foods Limited has submitted an initial disclosure to BSE Limited confirming that it does not qualify as a Large Corporate as of March 31, 2026, under the criteria specified in clause 3.2 of SEBI Circular dated October 19, 2023. The disclosure was filed pursuant to SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172, which addresses the ease of doing business and development of corporate bond markets through a revised framework for fund raising by issuance of debt securities by large corporates.

The communication, addressed to the Listing Department of BSE Limited, references the company's scrip code 530953. The letter was submitted on April 29, 2026, and formally confirms that sunil agro foods does not meet the applicability criteria to be classified as a Large Corporate under the said SEBI Circular.

Key Disclosure Details

The SEBI Circular establishes specific criteria for identifying entities as Large Corporates, which impacts their ability to raise funds through the issuance of debt securities. The framework aims to streamline processes and develop corporate bond markets while ensuring appropriate regulatory oversight.

The disclosure was signed by Priya Sharma, Company Secretary and Compliance Officer of Sunil Agro Foods Limited, bearing membership number A75486. The document was digitally signed on April 29, 2026, at 09:47:08 IST, confirming the authenticity of the communication submitted to the stock exchange.

Sunil Agro Foods Limited maintains its corporate office at 1/104, Ahuja Chambers, Kumara Krupa Road, Bengaluru - 560001, and its factory and registered office at Plot 39/A2, Chokkahalli, Hosakote Industrial Area, Hosakote - 562114. The company's CIN number is L01111KA1988PLC008861.