The board of Transglobe Foods approved the appointment of Ms. Anju Vijay Pandit as Additional Non-Executive Independent Director during its meeting on September 1, 2026. The appointment is subject to shareholder approval at the upcoming Annual General Meeting.

Ms. Pandit brings over 11 years of industry experience, including nine years specializing in Lotus Notes development and enterprise application support. She holds an ITIL v4 certification and has expertise in stakeholder management and process optimization. Her term will be five years, effective from September 1, 2026.

Corporate Governance Updates

The board also approved the draft Directors' Report and the notice convening the Annual General Meeting for the financial year ended March 31, 2026. The meeting is scheduled for Tuesday, September 29, 2026, at 11:00 am through Video Conferencing or Other Audio-Visual Means.

Key dates for shareholders include:

• Record Date: September 22, 2026
• Book Closure Period: September 23, 2026 to September 29, 2026 (both days inclusive)

M/s. Jaymin Modi & Co., Practicing Company Secretaries, were appointed as the Scrutinizer for the remote e-voting and e-voting processes to ensure a fair and transparent procedure.

Transglobe Foods reported a net loss of ₹6.10 lakhs for the first quarter of FY27 (Q1FY27), marking a deterioration from the ₹5.23 lakh loss recorded in the corresponding period of the previous fiscal year. The Board of Directors approved the unaudited standalone financial results on August 12, 2026. The results highlight persistent operational challenges, with total expenses exceeding income, and have triggered a material uncertainty warning from the company’s statutory auditors regarding its ability to continue as a going concern.

The financial performance for the quarter was driven by zero revenue from operations, while expenses remained elevated. Total expenses for the quarter amounted to ₹6.10 lakhs, comprising employee benefits expense of ₹2.00 lakhs, finance costs of ₹1.13 lakhs, and other expenses of ₹2.97 lakhs. In contrast, the quarter ended March 31, 2026, had seen revenue of ₹17.91 lakhs, resulting in a profit before tax of ₹11.73 lakhs. The absence of revenue in Q1FY27 directly contributed to the loss position.

Financial Performance Overview

The following table outlines the key financial metrics for Transglobe Foods Limited for the quarter ended June 30, 2026, compared to prior periods:

The company’s earnings per share (EPS) stood at a basic and diluted loss of ₹4.21 per equity share, down from a loss of ₹3.61 per share in Q1FY26. For the full year ended March 31, 2026, the company reported a net loss of ₹5.00 lakhs against total income of ₹18.16 lakhs.

Auditor’s Emphasis of Matter

Bilimoria Mehta & Co., the statutory auditors, issued a review report pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditors included an emphasis of matter paragraph drawing attention to Note 6 of the financial statements. They noted that as of June 30, 2026, the company had accumulated losses amounting to ₹90.98 lakhs and a negative net worth of ₹(42.74) lakhs.

These conditions indicate a material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern. However, the management has represented that certain mitigating factors support the use of the going concern basis. These include confirmations from lenders of unsecured loans that they do not intend to demand repayment until March 31, 2027, a comfort letter from the promoter expressing continued financial support, and projected financial statements indicating expected improvement in operating results.

What the Numbers Show

The divergence between Q4FY26 and Q1FY27 highlights a complete cessation of operational revenue in the current quarter. While the company generated ₹17.91 lakhs in revenue in the preceding quarter, Q1FY27 recorded nil revenue from operations. Despite this drop in top-line activity, fixed costs such as employee benefits and finance charges persisted at levels similar to or higher than previous quarters. This structural mismatch between zero revenue and sustained overheads underscores the severity of the operating downturn. The reliance on promoter support and lender forbearance to maintain going concern status signals that the company’s near-term viability is contingent on external financial backing rather than internal cash generation.