Tanvi Foods Reports Mixed Half-Year Results, Reappoints Managing Director
Tanvi Foods (India) Limited announced its financial results for the half-year ended September 30, 2025. The company reported a decline in standalone profit after tax by 18.09% to Rs. 14.22, while consolidated profit increased by 178.56% to Rs. 46.13. The board approved the reappointment of Sri Nagaveer Adusumilli as Managing Director for three years, effective December 7, 2025, subject to shareholder approval. The company fully utilized Rs. 35.84 crore raised through preferential allotments for various purposes, including completing a new facility near Vijayawada.
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Tanvi Foods (India) Limited , a prominent player in the food industry, has announced its financial results for the half-year ended September 30, 2025, along with key corporate decisions. The company's board meeting, held on November 14, 2025, revealed a mixed financial performance and important management changes.
Financial Performance
The company reported contrasting results in its standalone and consolidated financials:
| Metric | Standalone | Consolidated |
|---|---|---|
| Profit After Tax | Rs. 14.22 | Rs. 46.13 |
| Previous Year Comparison | Rs. 17.36 | Rs. 16.56 |
| Year-on-Year Change | -18.09% | 178.56% |
While the standalone profit after tax saw a decline of 18.09% compared to the previous year, the consolidated profit showed a significant increase of 178.56%.
Management Reappointment
In a key corporate move, the board approved the reappointment of Sri Nagaveer Adusumilli as Managing Director for a period of three years, effective from December 7, 2025. This decision is subject to shareholder approval in the upcoming General Meeting.
Mr. Adusumilli, one of the founding promoters of Tanvi Foods, brings over a decade of experience in the corn industry. His reappointment signals continuity in the company's leadership and strategic direction.
Utilization of Funds
The company also provided an update on the utilization of funds raised through preferential allotments:
- Total amount raised: Rs. 35.84 crore
- Utilization status: Fully utilized as of September 30, 2025
- Purpose: Completing a state-of-the-art facility near Vijayawada, meeting working capital requirements, repaying unsecured loans, and other general corporate purposes
The Audit Committee has reviewed the statement of deviation/variation in fund utilization and confirmed that there have been no deviations from the stated objectives.
Corporate Governance
The board meeting, which lasted from 6:00 PM to 8:30 PM on November 14, 2025, also approved the unaudited standalone and consolidated financial results for the half-year ended September 30, 2025. These results were accompanied by a Limited Review Report, underscoring the company's commitment to transparency and regulatory compliance.
Tanvi Foods' mixed financial results, coupled with the reappointment of its Managing Director and the full utilization of raised funds, paint a picture of a company navigating challenges while focusing on long-term growth and stability. Investors and stakeholders will likely keep a close eye on how these developments impact the company's future performance and strategic direction.
Historical Stock Returns for Tanvi Foods
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.48% | +15.81% | +33.33% | +2.90% | -21.27% | +95.83% |
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