Krishival Foods Limited has issued a formal postal ballot notice to shareholders seeking approval for related party transactions worth ₹62.50 crore and additional loan arrangements for its ice cream subsidiary. The notice, dated March 13, 2026, follows the board meeting held on March 12, 2026, where directors approved multiple strategic financial decisions.

Postal Ballot Schedule and Process

The company has appointed M/s. MNB & Co. LLP, Practicing Company Secretaries, as scrutinizer to oversee the e-voting process. Shareholders will vote exclusively through electronic means, with no physical postal ballot forms being dispatched.

Related Party Transactions Approval

The first resolution seeks shareholder approval for related party transactions totaling ₹62.50 crore across multiple entities. These transactions are structured to be conducted at arm's length pricing and in the ordinary course of business.

Subsidiary Loan and Equity Conversion

The second resolution addresses the ₹20 crore additional loan to Melt 'N' Mellow Foods Private Limited, the company's ice cream subsidiary. This loan, carrying 10% interest rate, may be converted into equity shares along with the previously approved ₹25 crore loan.

Regulatory Compliance and Governance

The transactions qualify as related party transactions under Section 188 of the Companies Act, 2013 and Regulation 23 of SEBI LODR Regulations, 2015. The postal ballot notice complies with Regulation 30 disclosure requirements and has been sent to all shareholders whose names appear in the register of members as on the cut-off date of March 06, 2026.

Ms. Aparna Bangar, promoter director of Krishival Foods Limited, also serves as director and shareholder in Melt 'N' Mellow Foods Private Limited, creating the related party relationship. The board has ensured compliance with all applicable provisions including Sections 185, 186, and 188 of the Companies Act, 2013.

Krishival Foods Limited announced its unaudited financial results for the quarter ended December 31, 2025, demonstrating exceptional growth across key financial metrics. The company's board meeting held on February 11, 2026, approved both standalone and consolidated financial results along with several strategic corporate decisions.

Financial Performance Highlights

The company delivered outstanding financial performance in Q3FY26, with significant improvements across revenue and profitability metrics:

For the nine months ended December 31, 2025, consolidated total revenue reached ₹197.57 crores compared to ₹130.33 crores in the corresponding period of FY25. The consolidated net profit after tax for the nine-month period stood at ₹16.61 crores versus ₹8.34 crores in the previous year, representing a 99% growth.

Segment-wise Performance

The company operates in two primary business segments with distinct performance trajectories:

The nuts and dry fruits segment showed steady growth driven by premiumisation and deeper reach across Tier II and Tier III markets. The ice creams segment demonstrated exceptional expansion with revenue more than doubling in Q3FY26, marking a strategic inflection point with the business now contributing at the PAT level.

Ice Cream Business Turnaround

Melt N Mellow, the company's ice cream division, achieved a remarkable turnaround in Q3FY26:

Rights Issue and Capital Strengthening

The company successfully completed a ₹9,999.48 lakh Rights Issue to strengthen its capital base and support growth initiatives:

Earnings Per Share Performance

The company's earnings per share showed substantial improvement across both standalone and consolidated results:

Strategic Expansion and Outlook

Chairman and Whole-Time Director Mr. Sujit Bangar highlighted the company's strategic progress, stating that Q3 FY26 represents a strategic inflection point with the Ice Cream business beginning to contribute at the PAT level. The company plans to expand nuts processing capacity from 10 MT per day to 40 MT per day over the next three years.

Krishival Nuts has expanded its footprint to 110+ Tier II and Tier III cities with 10,000+ retail touchpoints, while also establishing presence in Singapore with distribution across 300+ retail touchpoints. Export revenue for the quarter stood at ₹1.68 crores, contributing approximately 3% of total sales.