This is in furtherance to our letter dated 1st September, 2025, wherein the Company had submitted its 53rd Annual Report for the financial year 2024-25, pursuant to Regulation 34 of the ....
FOODSIN · price
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Foods & Inns has issued a corrigendum to correct typographical errors in its 53rd Annual Report for FY 2024-25, originally submitted on 1st September 2025. The biggest change is on Page 48, where EBITDA has been revised upward from Rs. 7,830.79 Lakhs to Rs. 13,047.37 Lakhs (roughly Rs. 78 Cr to Rs. 130 Cr), and Manufacturing & Other Expenses have been corrected downward from Rs. 90,857.53 Lakhs to Rs. 85,640.95 Lakhs. On Page 69, disclosures related to employee remuneration have also been corrected: median employee remuneration revised to Rs. 3.42 Lakhs (from Rs. 2.88 Lakhs), increase in median employee remuneration corrected to 17.39% (from a negative 1.34%), and average increase in all-employee remuneration corrected to 15.18% (from 50.93%). The Managing Director's remuneration details have also been added. The company clarifies that these are purely typographical corrections and have no impact on the actual audited financial statements. The revised annual report is available on the company's website.
Despite the large-looking jump in EBITDA on paper, the company states the audited financial statements remain unchanged, so there is no real change to reported earnings. However, investors should review the revised annual report for the corrected disclosures, especially around employee remuneration, before the AGM on 23rd September 2025.