Uma Exports Limited has entered into a joint venture partnership with M/s Kota Dall Mill to establish Urjahaar Foods, marking a strategic expansion into the fortified nutrition sector. The Board of Directors approved the proposal on August 01, 2026, authorizing a capital contribution of up to ₹49,00,000 in cash and/or in kind. This move allows the company to diversify its portfolio by targeting institutional, government, and retail markets with recipe-based, micro-nutrient fortified food products.

The joint venture structure designates M/s Kota Dall Mill as the First and Managing Partner, holding a 51% share in profits and losses, while Uma Exports participates as the Second Partner with a 49% stake. Consequently, M/s Kota Dall Mill will manage the day-to-day operations of the partnership firm in accordance with the Joint Venture Agreement. The arrangement is not classified as a related party transaction, and no promoters or group companies hold an interest in the new entity.

Urjahaar Foods is proposed to be constituted under the Indian Partnership Act, 1932, focusing on the manufacturing and supply of supplementary nutrition and extruded food products. Key target customers include institutional buyers, wholesale distributors, and specific government bodies such as the Bihar State Milk Co-operative Federation Ltd (COMFED/SUDHA). As a newly proposed entity, Urjahaar Foods has not yet commenced business, and therefore details regarding turnover or size are currently unavailable.

The Board authorized Mr. Manmohan Saraf, Director of the Company (DIN: 07246524), to execute the Joint Venture Partnership Deed and complete all necessary statutory and regulatory formalities. The transaction is expected to be completed within 15 days, subject to the execution of definitive documents. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Joint Venture

Strategic Implications

The entry into the nutritional food processing sector represents a diversification strategy for Uma Exports, leveraging the expertise of M/s Kota Dall Mill in managing operations. By targeting government and institutional supply chains, including COMFED, the joint venture aims to secure stable revenue streams through large-scale procurement contracts. The limited financial exposure of ₹49,00,000 allows the company to test this new market segment with controlled risk, while the 51% management control held by the partner ensures operational efficiency without requiring direct managerial oversight from Uma Exports.

Uma Exports Limited reported a net profit of ₹67.45 lakh for the financial year ended March 31, 2026, a decline from ₹71.80 lakh in the previous year. Revenue from operations for the year stood at ₹152,314.10 lakh, down from ₹166,838.31 lakh in FY25. The company's Board of Directors approved the audited standalone and consolidated financial results at a meeting held on May 30, 2026.

Financial Performance

The company's total expenditure for FY26 was ₹152,618.13 lakh, slightly lower than the ₹167,465.73 lakh recorded in the prior year. For the quarter ended March 31, 2026, Uma Exports posted a net profit of ₹52.33 lakh, a turnaround from a net loss of ₹530.83 lakh in the corresponding quarter of the previous year. Revenue for the quarter increased to ₹26,157.43 lakh from ₹45,265.73 lakh.

The statutory auditors, M/s. Mamta Jain & Associates, issued an unmodified opinion on the standalone and consolidated financial results. The company operates a single reportable segment, agri products, in accordance with Ind AS 108.

Auditor and Internal Auditor Appointments

The Board approved the re-appointment of M/s. Mamta Jain & Associates, Chartered Accountants, as statutory auditors for a second term of five consecutive years from FY27 to FY31, subject to shareholder approval. Additionally, M/s. R Daga & Company was appointed as the internal auditor for the financial year 2026-27.

Resubmission of Audit Report

In a separate communication to the exchanges dated June 25, 2026, the company clarified that the Audit Report was duly digitally signed by the Statutory Auditor. However, the Digital Signature Certificate (DSC) was inadvertently removed during the document merging process for submission. The company has since resubmitted the Audit Report bearing the affixed DSC dated May 30, 2026.

Financial Results Summary