OUT OF BOARD MEETING HELD ON 13TH NOVEMBER, 25
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Abram Food Limited's Board met on November 13, 2025 and approved four items: appointment of a new internal auditor, unaudited financial results for the half-year ended September 30, 2025, the statement on deviation/variation in IPO proceeds utilization, and the compliance certificate for Q2 FY26. For H1 FY26, the company reported total income of Rs. 2,362.55 lakhs, profit before tax of Rs. 234.16 lakhs (down from Rs. 261.12 lakhs in H1 FY25), and basic EPS of Rs. 3.95 (vs Rs. 3.63 earlier). The balance sheet nearly doubled in size to Rs. 3,312.76 lakhs as on September 30, 2025, mainly due to the Rs. 1,399.44 lakhs SME IPO that closed on July 1, 2025. Operating cash flow was sharply negative at minus Rs. 1,220.38 lakhs, driven by a Rs. 924.44 lakh jump in trade receivables. IPO funds have been largely deployed for working capital (Rs. 670 lakhs fully used) and machinery capex (Rs. 308.83 lakhs of Rs. 385 lakhs used), with Rs. 77.61 lakhs still unutilized including Rs. 50.28 lakhs lying in an ICICI Bank escrow account.
For retail shareholders, the results show steady top-line growth post-IPO but slightly weaker profitability and a large working-capital outflow that has inflated receivables — something to watch in coming quarters. The IPO funds are being deployed broadly in line with the stated objects, with no deviation reported, which is a positive compliance signal. Overall, this is a routine half-yearly filing with no major surprises.