Q1 FY27 results show Rs 16.6 cr loss on advance write-offs, AGM set for Sept 24

Net loss reportedRevenue declinedResults View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+0.7% vs market

Packaged Foods peers, median of 33sector-0.7%+1.4% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 1.4 pts more than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Board approved Q1 FY27 unaudited results showing a loss of Rs 1,665.30 lakhs versus a loss of Rs 7.49 lakhs in Q1 FY26. Other expenses surged to Rs 1,663.34 lakhs from Rs 6.50 lakhs, driven by write-offs of Rs 16.58 crores in advances to Land (Rs 10.5 cr) and Veronica Production (Rs 6.08 cr) deemed unrecoverable. Total income was nil. Board also approved the Director's Report and fixed September 24, 2026 for the 33rd AGM via video conferencing. Limited review by B.M. Gattani and Co.

Likely market impact

Sharp loss from large advance write-offs raises concerns about asset quality and recoverability. Watch AGM for management outlook.