Yaan Enterprises has secured a significant work order worth Rs 15.86 crore from the State Agri Horticultural Development Co-operative Society Limited in Thiruvananthapuram. The company disclosed this development to stock exchanges on September 23, 2026.

ORDER DETAILS AND TERMS

The awarding entity is the State Agri Horticultural Development Co-operative Society Limited - Thiruvananthapuram – 695501. The order classification is marked as Significant. The scope specifically involves the Supply of Yellow Maize. Goods are to be supplied as per specifications outlined in the Purchase Order. The execution period for this contract is two months.

Payment terms specify that payment is due within 45 days on completion of supply and upon receipt of the quality analysis certificate. Unlike previous disclosures which mentioned advance structures, this filing does not explicitly state an advance receipt amount.

COMPANY ORDER TRACK RECORD

The company has disclosed orders in the current fiscal quarter (Q2FY27). The table below summarizes the order inflows for the quarter based on available data:

Note: The table reflects the specific data provided for the Q2FY27 summary section.

FINANCIAL CONTEXT

The company operates in the Leisure Services sector under the Tour & Travel industry. As of September 23, 2026, the market capitalization stood at ₹42.20 Cr. The trailing twelve-month consolidated revenue was reported as 0.0 Cr, with net profit and EBITDA also at 0.0 Cr. Consequently, standard profitability ratios like OPM are not computable for the TTM period.

Standalone revenue growth showed a significant increase of +346.2% in FY26 compared to FY25. Return on Capital Employed (ROCE) for FY26 was 22.99%, while Return on Equity (ROE) was 14.63%. The Price to Earnings ratio was recorded at 51.5x as of the filing date.

EXECUTION AND WORKING CAPITAL

With a market cap of ₹42.20 Cr, the order value of Rs 15.86 crore represents a substantial portion of the company's market valuation. The promoter holding stands at 70.65% as of Q1FY27, with public shareholders holding 28.31%. The total number of shareholders stands at 1,378.

Yaan Enterprises reported a 351% year-on-year surge in total revenue to ₹2,456.5 lakh for FY26, driven by its trading segment. Net profit after tax (PAT) grew 70% to ₹78.2 lakh. The company has scheduled its 37th Annual General Meeting for September 30, 2026.

Financial Performance

The financial year ended March 31, 2026, saw significant expansion in the company's top line. Total revenue from operations increased to ₹2,442.9 lakh from ₹541.3 lakh in FY25. This growth was primarily fueled by the Trading of Goods segment, which contributed ₹2,138.0 lakh in revenue, compared to nil in the previous year.

Profitability metrics also improved alongside the revenue jump. Profit before tax (PBT) rose 175% to ₹107.8 lakh from ₹39.2 lakh. PAT increased to ₹78.2 lakh from ₹45.9 lakh. Other income stood at ₹13.5 lakh, up from ₹9.2 lakh in FY25.

Segment Breakdown

The company operates across multiple verticals, with distinct performance drivers in FY26:

• Trading of Goods: Emerged as the dominant revenue contributor at ₹2,138.0 lakh, largely comprising agro produce sales.
• Construction/Works Contract: Generated ₹213.5 lakh from professional fees, down from ₹460.2 lakh in FY25.
• Tour & Travel Operations: Contributed ₹91.4 lakh, including ₹85.1 lakh from tour bookings and ₹6.4 lakh in commission and service charges.

Balance Sheet and Liabilities

Total assets expanded to ₹1,758.4 lakh from ₹637.3 lakh in FY25. Trade receivables saw a sharp increase to ₹1,237.0 lakh from ₹126.8 lakh, reflecting the scale-up in trading activities. Inventories remained stable at ₹238.0 lakh, consisting of precious and semi-precious stones.

On the liabilities side, current borrowings surged to ₹503.0 lakh via a bank overdraft facility with Punjab National Bank, compared to nil in FY25. Non-current borrowings from directors stood at ₹66.3 lakh. Total equity increased to ₹534.2 lakh, driven by retained earnings growing to ₹220.3 lakh.

What the Numbers Show

The dramatic rise in trade receivables (₹1,237.0 lakh) relative to the modest increase in cash and cash equivalents (₹13.0 lakh) suggests significant working capital deployment in the new agro produce trading segment. While revenue scaled rapidly, the collection cycle appears to be lagging behind sales growth, necessitating higher bank borrowings to fund operations.

Related-Party Transactions

Shareholders will vote on related-party transactions under Section 188 of the Companies Act, 2013, valued at an aggregate of ₹50 crore for FY27. These deals involve entities linked to directors Ranjith Soman and Veena Ranjith.

Governance and AGM Details

The Board proposed the re-appointment of Dr. Veena Ranjith as a director liable to retire by rotation. She holds a B.A.M.S., M.D.H.M., and M.B.A., with over 18 years of experience. Additionally, M/s. Namita & Co will be appointed as statutory auditors for a five-year term.

The 37th AGM will be held on September 30, 2026, at 4:00 pm in Navi Mumbai. Remote e-voting opens on September 27, 2026, and closes on September 29, 2026. The record date for voting eligibility is September 23, 2026.