Hatsun Agro Product Ltd has disclosed an unusual corporate governance lapse to stock exchanges, reporting that draft unaudited financial information for the December quarter was inadvertently shared on a senior executive's personal WhatsApp status. The incident represents a significant breach of information security protocols and has prompted comprehensive compliance measures.

Incident Details

The disclosure occurred on January 4, 2026, at around 5 pm when a Key Managerial Personnel was internally sharing first-cut draft unaudited financial statements for the quarter ended December 2025, with the company's Accounts department. The KMP inadvertently uploaded the draft figures to his personal WhatsApp Status instead of sharing them through internal channels.

Immediate Response Actions

Upon becoming aware of the incident, the KMP immediately deleted the WhatsApp Status within an hour of realizing the mistake. The company emphasized that the figures were in very draft form and subject to changes during the ongoing Limited review process. Despite this, Hatsun Agro Product Ltd decided to report the incident as a precautionary measure, maintaining its commitment to high corporate governance standards.

The information was viewed by approximately 19 people in the KMP's contact list, including some company insiders. This exposure prompted the company to take immediate corrective action and implement comprehensive compliance measures.

Investigation and Compliance Measures

Hatsun Agro Product Ltd has initiated several compliance actions following the incident in accordance with SEBI regulations:

The company will shortly inform the Audit Committee and Board of Directors about the incident. A formal internal probe will be conducted as per regulatory necessities and SEBI (Prohibition of Insider Trading) Regulations, 2015. All persons who viewed the alleged unpublished price sensitive information will be included in the company's Structured Digital Database.

Regulatory Framework

The disclosure was made pursuant to Regulation 30(2) – Schedule III, Part A, Para A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation requires companies to disclose material events and information that could qualify as unpublished price sensitive information.

The company's proactive approach to reporting this incident, despite the draft nature of the information and its quick removal, demonstrates adherence to regulatory requirements and corporate governance principles. The comprehensive response plan includes multiple layers of compliance measures to address the inadvertent disclosure and prevent similar incidents in the future. The December quarter financial results are yet to be formally announced by the company.

Hatsun Agro Product , a prominent player in the dairy and food products industry, has received a reaffirmation of its credit rating from CRISIL Ratings Limited. The company's substantial bank loan facilities, amounting to Rs. 2,120 crores, have maintained their AA-/Positive rating, signaling continued confidence in Hatsun's creditworthiness.

Key Points of the Credit Rating

Implications of the Rating

The AA-/Positive rating from CRISIL is a strong indicator of Hatsun Agro Product's financial health and stability. This rating suggests that the company has:

• A high degree of safety regarding timely servicing of financial obligations
• Very low credit risk
• A positive outlook, indicating potential for rating upgrade in the medium term

Company's Financial Position

The reaffirmation of the AA-/Positive rating implies that Hatsun Agro Product has maintained its strong financial position. This could be attributed to factors such as:

• Consistent financial performance
• Robust cash flows
• Strong market position in the dairy and food products sector
• Effective management of its substantial borrowing facilities

Industry Context

The dairy and food products industry in India is highly competitive and subject to various market forces. Hatsun Agro Product's ability to maintain its high credit rating in this environment underscores its operational efficiency and financial prudence.

Investor Perspective

For investors and stakeholders, this rating reaffirmation provides reassurance about Hatsun Agro Product's financial stability and its capacity to meet its financial commitments. It may also positively influence the company's ability to access capital markets and negotiate favorable terms for future financing needs.

The company's consistent performance, as reflected in its unchanged credit rating, may be seen as a positive sign by the market, potentially supporting investor confidence in Hatsun Agro Product's long-term prospects.