Yashhtej Industries has received 'Large Scale Project' status from the Government of Maharashtra for its proposed Rs 175 crore expansion project aimed at manufacturing soybean oil in Latur. The designation, granted under the Package Scheme of Incentives (PSI), 2019 and the Agro and Food Processing Policy, makes the company eligible for specific fiscal subsidies intended to support capital investment and employment generation in the state. The incentives are expected to bolster the company's long-term operational and financial performance by reducing initial setup costs.

The communication, dated May 25, 2026, and received by the company on July 15, 2026, outlines the terms under which the expansion will qualify for benefits. The project entails an investment of approximately Rs 1,75,00,00,000 and is projected to create employment for approximately 65 persons. To avail of the incentives, the company must comply with prescribed conditions, including achieving minimum investment thresholds within the stipulated period.

Project Details and Incentives

The expansion will be located at Plot No. D-76, D-76/1, Additional MIDC Area & Gut No. 38, Mouje Bholra, Latur. The facility is designed to have an installed capacity of 60,000 MT per annum. The key incentives offered by the Government of Maharashtra include a 100% exemption from payment of Stamp Duty and eligibility for the Industrial Promotion Subsidy (IPS).

The Industrial Promotion Subsidy is calculated as 100% of eligible investments made during the prescribed investment period from January 1, 2026, to December 31, 2029. Alternatively, it may cover up to 100% of the Gross State Goods and Services Tax (SGST) payable over a period of 10 years, whichever is lower. These benefits are contingent upon strict adherence to the terms and conditions specified in the applicable policies and other regulatory requirements.

Regulatory Disclosures

The intimation was submitted to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Suraj Shivraj Barge, Managing Director of Yashhtej Industries, signed the disclosure on July 16, 2026. The company confirmed that it will make necessary disclosures as material developments arise regarding the project's implementation and incentive realization.

Yashhtej Industries (India) Limited reported a net profit of ₹1,252.66 lakh for the financial year ended March 31, 2026, an increase of 18% compared to ₹1,062.45 lakh in the previous year. Revenue from operations for FY26 stood at ₹26,938.50 lakh, down from ₹32,569.10 lakh in FY25. The board approved the audited standalone financial results for the half year and year ended March 31, 2026, at a meeting held on May 29, 2026.

The company's earnings per equity share (basic and diluted) for FY26 were ₹7.94, compared to ₹14.17 in the previous year. For the half year ended March 31, 2026, the net profit was ₹527.70 lakh with revenue of ₹7,823.31 lakh. M/s. N B T and Co, Statutory Auditors, issued an unmodified opinion on the financial results.

The board approved the appointment of M/s. H. M. Kadeval & Associates, Practicing Company Secretaries, as the Secretarial Auditor for FY 2025-26 to fill a casual vacancy. Additionally, M/s. Kabra & Maliwal, Chartered Accountants (FRN 104485W), were appointed as Internal Auditors for FY 2026-27 and onwards.

The trading window for dealing in the company's securities, which had been closed since April 1, 2026, will reopen 48 hours after the declaration of the financial results. The meeting was conducted pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Results for FY26