EID Parry 's Board of Directors has approved the re-appointment of Mr. T Krishnakumar as an Independent Director for a second consecutive five-year term. The decision was taken during a board meeting held on March 11, 2026, and requires shareholder approval through postal ballot.

Board Meeting Details

The board meeting commenced at 2:30 pm and concluded at 4:30 pm on March 11, 2026. The company has informed both BSE Limited and National Stock Exchange of India Limited about this corporate governance development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Re-appointment Terms

Committee Recommendation

The Nomination and Remuneration Committee considered and recommended Mr. T Krishnakumar's re-appointment at its meeting held prior to the board meeting. The company has confirmed that Mr. Krishnakumar is not debarred from holding the office of director by virtue of any order from SEBI or any other regulatory authority.

Director's Professional Background

Mr. T Krishnakumar brings extensive qualifications and experience to the board:

Educational Qualifications:

• BE (Hons) from College of Engineering, Guindy
• Post-Graduate Diploma in Management (MBA) from Indian Institute of Management, Bangalore
• Advanced Management Program from The Wharton School, USA

Professional Experience: With over four decades of experience across leading companies, Mr. Krishnakumar possesses strong expertise in:

• Corporate and business strategy
• General management
• Marketing and sales operations
• Supply chain management
• Product development and branding
• Leadership and operations
• Governance practices and regulatory compliance

Independence Confirmation

The company has disclosed that Mr. T Krishnakumar is not related to any other directors of the company, maintaining the independence requirements for his directorship role. The re-appointment follows regulatory guidelines and will be subject to shareholder approval through the proposed postal ballot process.

EID Parry has announced its unaudited consolidated financial results for the quarter and nine months ended December 31, 2025, showing significant revenue growth and improved profitability metrics. The company also held its Q3FY26 earnings conference call on February 13, 2026, providing detailed insights into operational performance and strategic initiatives.

Financial Performance Highlights

The company reported strong consolidated financial performance for Q3FY26, with total revenue from operations reaching ₹10,31,558 lakhs compared to ₹8,72,035 lakhs in the corresponding quarter of the previous year. Net profit after tax stood at ₹23,215 lakhs, marking an improvement from ₹19,487 lakhs in Q3FY25.

Sugar and Distillery Operations

During the earnings call, management highlighted operational improvements across key segments. The company crushed 15.31 lakh metric tons of sugarcane during Q3FY26 against 12.70 lakh metric tons in the corresponding quarter of the previous year. Recovery rates improved significantly to 11.19% compared to 7.78% in Q3FY25.

The distillery segment sold 407 lakh litres during the quarter compared to 422 lakh litres in Q3FY25, comprising 215 lakh litres of ENA and 192 lakh litres of ethanol. Price realization improved to ₹67.91 per litre from ₹65.83 per litre in the previous year.

Consumer Products Group Restructuring

The Consumer Products Group achieved a turnover of ₹143 crores during Q3FY26 against ₹236 crores in the corresponding quarter of the previous year. Management explained that this reduction was primarily due to strategic restructuring of distribution channels and lower release quota for sweeteners, with focus shifting towards retail packs and profitable product mix in the non-sweetener segment.

CEO Muthiah Murugappan stated that the company has taken a conscious correction in the staples segment to better manage working capital and strengthen the distribution model. This correction is expected to conclude in Q4, with improved operations anticipated from Q1 of the next fiscal year.

Refinery Operations and Market Outlook

Parry Sugars Refinery reported operational revenue of ₹714 crores for Q3FY26 against ₹915 crores in Q3FY25. The refinery reduced its loss to ₹4.53 crores versus ₹17.53 crores in the corresponding previous quarter. External borrowings decreased significantly to ₹78 crores as of December 31, 2025, from ₹532 crores a year earlier.

Strategic Initiatives and Future Plans

During the earnings call, management announced plans to expand into new categories within the food FMCG space. The company is working with industry experts to identify suitable categories beyond staples and sweeteners, with details expected to be shared in the May 2026 earnings call. Management also indicated openness to inorganic growth opportunities in the consumer segment.

The unaudited consolidated financial results were reviewed by the Audit Committee and approved by the Board of Directors on February 12, 2026, under Regulation 33 of SEBI regulations. The earnings conference call transcript was subsequently filed under Regulation 30 on February 18, 2026.