Aveer Foods Limited's promoter Rajkumar Hukmichand Chordia has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, following his acquisition of 2,26,087 equity shares through warrant conversion. The disclosure was submitted to BSE Limited on February 10, 2026, providing detailed information about the shareholding changes and regulatory compliance requirements.

Financial Performance for Q3FY26

The company reported mixed financial performance for the third quarter of FY26. Revenue from operations stood at ₹3,592.95 lakhs, showing growth from ₹2,743.65 lakhs in the corresponding quarter of the previous year. However, this represented a decline from the previous quarter's revenue of ₹3,807.56 lakhs.

The company's net profit for Q3FY26 was ₹77.98 lakhs, slightly lower than ₹82.25 lakhs recorded in Q3FY25. The quarter included an exceptional item of ₹50.09 lakhs related to incremental impact arising from the implementation of new Labour Codes, particularly affecting gratuity calculations due to changes in the definition of wages.

Nine Months Performance

For the nine months ended December 31, 2025, Aveer Foods demonstrated strong overall performance. Revenue from operations reached ₹10,801.52 lakhs compared to ₹8,162.89 lakhs in the corresponding period of the previous year, representing significant growth.

Warrant Conversion and Share Allotment

The company completed the allotment of 2,26,087 fully paid-up equity shares upon exercise of warrants by Mr. Rajkumar Hukmichand Chordia, a person belonging to the promoter category. The conversion was completed on February 6, 2026, under Regulation 30 of SEBI Listing Regulations, 2015.

This allotment increased the company's paid-up capital from ₹4,02,82,520 to ₹4,25,43,390. The warrants were originally allotted on March 20, 2025, with a conversion period of 18 months. Following this conversion, 2,26,087 warrants remain outstanding from the original allotment of 4,52,174 warrants.

SAST Disclosure Filing and Documentation

Following the warrant conversion, Mr. Rajkumar Hukmichand Chordia submitted a comprehensive disclosure to BSE Limited on February 10, 2026, under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was digitally signed and submitted through hand delivery and email to the Department of Corporate Services at BSE.

The disclosure included detailed shareholding patterns before and after the acquisition, with Mr. Vishal Rajkumar Chordia identified as a Person Acting in Concert (PAC). Both promoters digitally signed the disclosure document, ensuring compliance with regulatory requirements.

Shareholding Pattern Changes

The SAST disclosure revealed significant changes in the promoter group's shareholding pattern following the warrant conversion. The acquisition resulted in an increase in Mr. Rajkumar Hukmichand Chordia's individual holding and the combined promoter group stake.

The promoter group's combined shareholding increased from 52.65% to 55.17% of the total voting capital. Mr. Vishal Rajkumar Chordia continues to hold 2,26,087 outstanding warrants that can be exercised within the stipulated conversion period.

Capital Structure and Outstanding Securities

The warrant conversion resulted in changes to the company's capital structure, with the paid-up equity capital increasing and the number of outstanding convertible securities decreasing accordingly.

The company confirmed no deviation or variation in the use of funds raised through the preferential issue dated March 20, 2025. The SAST disclosure ensures transparency in shareholding changes and compliance with regulatory requirements for substantial acquisitions by promoter entities.

Aveer Foods Limited , a prominent player in the processed food and spices sector, has announced its unaudited financial results for the quarter ended September 30, 2025, showcasing a notable improvement in profitability despite a decrease in revenue.

Financial Performance

The company reported revenue from operations of Rs 3,807.56 lakhs for Q2 FY2026, compared to Rs 3,401.00 lakhs in the previous quarter. Despite the quarter-on-quarter revenue growth, there was a year-on-year decline from Rs 2,632.93 lakhs in Q2 FY2025.

Aveer Foods demonstrated strong profit growth, with profit after tax (PAT) rising to Rs 188.69 lakhs in Q2 FY2026, a significant increase from Rs 52.91 lakhs in Q1 FY2026 and Rs 147.14 lakhs in Q2 FY2025.

Key Financial Metrics

The company's earnings per share (EPS) also showed improvement, with basic EPS increasing to Rs 4.69 in Q2 FY2026 from Rs 1.31 in Q1 FY2026 and Rs 3.66 in Q2 FY2025.

Operational Highlights

Aveer Foods continues to focus on its core business of processed food items and spices. The company's management reviews business performance at an overall company level, treating it as a single segment in line with Ind AS 108 "Operating Segments".

Appointment of New Registrar and Transfer Agent

In a move to enhance investor services and ensure compliance with SEBI regulations, Aveer Foods has approved the appointment of MUFG Intime India Private Limited as its new Registrar and Transfer Agent (RTA). This change aims to improve the company's investor relations and streamline share-related processes.

Auditor's Review

SBH & Co., the company's statutory auditors, conducted a limited review of the unaudited financial results. They reported no material misstatements and confirmed that the financial statements comply with the applicable accounting standards and SEBI regulations.

Conclusion

Aveer Foods Limited's Q2 FY2026 results demonstrate the company's ability to enhance profitability even in the face of revenue challenges. The appointment of a new RTA underscores the company's commitment to improving shareholder services. Investors and market watchers will likely keep a close eye on how these developments impact the company's performance and market position in the coming quarters.

Note: All financial figures are based on the unaudited results for the quarter ended September 30, 2025, as reported by Aveer Foods Limited.