Vidhi Specialty Food Ingredients Limited has announced a board meeting scheduled for February 2, 2026, to review and approve its third quarter financial results for FY2025-26. The meeting will be held at the company's registered office in Mumbai.

Board Meeting Agenda

The board meeting will address several key business items as outlined in the company's regulatory filing dated January 27, 2026. The primary agenda includes consideration and approval of unaudited financial results for both standalone and consolidated operations.

Regulatory Compliance

The company has implemented a trading window closure in accordance with SEBI regulations on insider trading. This measure ensures compliance with market regulations during the financial results announcement period.

Financial Results Framework

The unaudited financial results will be prepared and presented in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results will cover both standalone and consolidated financial performance for the third quarter and nine months ended December 31, 2025.

Dividend Consideration

The board will deliberate on declaring a third interim dividend for the financial year 2025-26, subject to the company's financial performance and available reserves. This potential dividend declaration demonstrates the company's commitment to shareholder returns.

The company has notified both BSE Limited and National Stock Exchange of India Limited about the scheduled board meeting, ensuring full regulatory compliance and transparency in corporate governance practices.

Vidhi Specialty Food Ingredients Limited , a leading manufacturer of synthetic food-grade colorants, reported a mixed financial performance for the second quarter of fiscal year 2026. Despite a 17.8% year-on-year decline in consolidated revenue to INR 75.00 crores, the company achieved significant improvements in profitability metrics.

Financial Highlights

Key Developments

1. Margin Expansion: Despite revenue decline, Vidhi achieved substantial margin improvement through a shift towards higher-margin value-added products and operational efficiencies.

2. Dividend Declaration: The company announced a second interim dividend of INR 1.50 per share for FY26.

3. Capacity Utilization: The Dahej plant is currently operating at 65-70% capacity, with full utilization expected by the end of the fiscal year.

4. Product Mix Shift: High-value, high-margin products currently constitute around 15% of the product mix, with plans to increase this to 50% in the coming quarters.

5. Expansion Plans: Vidhi has acquired new land in Dahej GIDC and plans capex expansion across two facilities, with a total investment of approximately INR 100.00 crores.

Market Position and Future Outlook

Vidhi Specialty Food Ingredients holds a strong position in the global synthetic food color market, with an estimated 12% market share. The company is optimistic about future growth, citing several factors:

• Increasing demand from non-food applications, including fertilizers, inks, and personal care products
• Ongoing R&D efforts to develop high-margin products with gross margins exceeding 50%
• Expansion into new geographic markets and deepening relationships with existing clients
• Potential benefits from the Indian government's export promotion initiatives

Mr. Mihir Manek, Joint Managing Director, commented on the company's strategy: "We are continuously developing forward-integrated products which find wider application in certain higher categories of industries. These products require more complicated manufacturing and formulation processes, which we expect to commercialize over the next six to eight quarters."

The management remains confident about the company's growth prospects, expecting to see improvements in demand and profitability in the coming quarters. However, they also acknowledge the ongoing challenges in the global economic environment and the need for cautious expansion.

Investors and analysts will be closely watching Vidhi's performance in the coming quarters, particularly the ramp-up of its new facilities and the success of its high-margin product strategy.