The Exchange had sought clarification from Piccadily Agro Industries Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.
PICCADIL · price
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Piccadily Agro Industries reported FY2026 standalone revenue of Rs 4,13,506 lakhs, a significant jump from Rs 88,626 lakhs in FY2025. The company recorded standalone PAT of Rs 13,956 lakhs (up 33% from Rs 10,466 lakhs) with EPS of Rs 14.42. Operating cash flow turned positive at Rs 11,709 lakhs versus negative Rs 2,528 lakhs in the prior year. The Board approved a scheme to demerge its Sugar Business into subsidiary Piccadily Food & Essential Limited, creating two listed entities. Jain & Associates resigned as statutory auditors and were replaced by Rattan Kaur & Associates, with no concerns raised by the outgoing auditors. The audit reports carried unmodified (clean) opinions.
Strong financial performance with improved profitability and positive cash generation. The demerger could unlock value by separating high-growth Distillery business from seasonal Sugar operations, though it introduces structural complexity. The auditor change warrants monitoring for any emerging issues.