Univa Foods Limited returned to profitability in the quarter ended March 31, 2026, reporting a net profit of ₹12.80 lakh, a reversal from the net loss of ₹8.65 lakh in the corresponding period of the previous year. For the full fiscal year FY26, the company narrowed its net loss to ₹12.86 lakh from ₹20.84 lakh in FY25. The turnaround was driven by revenue from operations, which stood at ₹15.00 lakh for the quarter and the full year, compared to nil in the previous year. The board approved the audited standalone financial results and appointed a new internal auditor during its meeting on May 26, 2026.

Financial Performance

The company's total income for Q4FY26 was ₹15.00 lakh, up from ₹0.00 lakh in Q4FY25. For the year ended March 31, 2026, total income decreased to ₹15.00 lakh from ₹2.00 lakh in the previous year, primarily due to a drop in other income from ₹2.00 lakh to ₹0.00 lakh. Total expenses for the quarter rose to ₹2.20 lakh from ₹0.72 lakh in the preceding quarter ended December 31, 2025. For the full year, total expenses increased to ₹27.86 lakh from ₹22.84 lakh in FY25.

The company reported a basic and diluted earnings per share (EPS) of ₹0.09 for Q4FY26, compared to a negative EPS of ₹(0.06) in the same period last year. Cash and cash equivalents as of March 31, 2026, improved to ₹4.44 lakh from ₹0.47 lakh in the previous year.

Audit and Governance

The Statutory Auditors, M/s. B. M. Gattani & Co., Chartered Accountants, issued an audit report with an unmodified opinion on the standalone financial results for FY26. The report confirms that the results give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the board appointed M/s. Akash Prajapati and Company, Chartered Accountants, as the internal auditors for the financial years 2025-26 and 2026-27. The appointment was based on the recommendation of the Audit Committee.

Key Financial Metrics

Univa Foods Limited has announced major leadership changes following a board meeting held on March 11, 2026. The company has appointed Mr. Pravin Chauhan as its new Managing Director while accepting the resignation of Mr. Mallinath Madineni from the same position.

Board Appointments and Changes

The board of directors, acting on recommendations from the Nomination and Remuneration Committee, approved several key appointments subject to shareholder approval:

Leadership Profile

Mr. Pravin Chauhan brings substantial expertise to his new role as Managing Director. He is a Commerce graduate with extensive experience in finance, accounting, and corporate financial management. His background includes a deep understanding of financial operations, and his leadership and analytical skills have contributed significantly to enhancing financial efficiency and governance standards in his previous roles.

The company has confirmed that Mr. Chauhan is not debarred from holding the office of Director by any order of SEBI or other regulatory authorities. This confirmation has been validated by both the Nomination and Remuneration Committee and the Board of Directors.

Management Transition

Simultaneously, the board accepted the resignation of Mr. Mallinath Madineni (DIN: 01556784) from his position as Managing Director with immediate effect. In his resignation letter, Mr. Madineni cited other professional commitments and personal reasons for stepping down.

Mr. Madineni confirmed in his resignation letter that there are no other material reasons for his departure beyond those mentioned. He also resigned from all Board committees where he held membership.

Regulatory Compliance

The announcements were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 5:00 PM and concluded at 5:30 PM on March 11, 2026.

The company has submitted the required disclosures to both the National Stock Exchange of India Limited and BSE Limited, ensuring full regulatory compliance for the leadership transition. The official communication was signed by Director Deepak Kharwad (DIN: 08134487) and included comprehensive annexures detailing the appointment and resignation particulars as required under SEBI regulations.